rns last week18 Sep 2013 12:11
Issue of Equity, Director Dealings & Total Voting Rights
NetPlay TV plc (AIM: NPT) (the "Company"), announces that it has applied for 3,082,750 new ordinary shares of 1p ("Ordinary Shares") each in the Company to be admitted to trading on AIM on 26 September 2013 as a result of the exercise of employee options. The new Ordinary Shares will, when issued, rank pari passu with the existing Ordinary Shares in issue.
Director Dealings
As part of the employee option exercise, the Company was notified that on 11 September 2013, Charles Butler exercised options over 3,000,000 Ordinary Shares at a price of 4.28 pence per share. At the same time he sold 3,000,000 Ordinary Shares at an average of 17.51 pence per Ordinary Share.
Mr Butler's resultant holding remains 3,000,000 Ordinary Shares (representing 1.0% of the total shares in issue as at 26 September 2013) plus 5,986,231 vested options over Ordinary Shares.
The Company has also been informed today that Andrew Lapping, non-executive director of the company, sold 6,100,000 Ordinary Shares at an average price of 18.01 pence per Ordinary Share on 11 September and 12 September 2013 and Northern Edge, company in which Mr Lapping has a beneficial interest sold 500,000 Ordinary Shares at 18 pence per Ordinary Share.
Mr Lapping now directly holds 770,398 Ordinary Shares and 346,237 Ordinary Shares in his SIPP. The Hamilton Portfolio Limited and Northern Edge Limited, both companies of which Mr Lapping is a director, have interests in 997,026 and 221,523 Ordinary Shares in the Company respectively. Mr Lapping will therefore have an aggregate beneficial interest of 2,335,184 Ordinary Shares representing 0.8% of the issued share capital and Total Voting Rights of the Company following the issue of the new Ordinary Shares. Mr Lapping also has 500,000 vested options over Ordinary Shares.
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