argh23 Oct 2015 08:48
Director Subscription
As part of the Placing, Stephen Moon, a director of the Company, has agreed to purchase 254,000 Placing Shares, subject to the passing of the resolutions at the General Meeting. Following this purchase Mr Moon will hold 675,330 Ordinary Shares, which will represent 1.66 per cent. of the Enlarged Share Capital (assuming the Open Offer is fully subscribed).
None of the Directors currently expect to take up their entitlement to subscribe for New Ordinary Shares under the Open Offer.