14 Nov 2008 10:33
For immediate release: 14 November 2008
Creon Corporation Plc ("Company") ISSUE OF EQUITY
The Directors of Creon Corporation (AIM: CRO) announce that application has today been made for 987,935 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM. Admission of these Ordinary Shares is expected to take place on 19 November 2008 ("Admission").
The Ordinary Shares are being issued at 4 pence per share to settle outstanding debts totaling ‚£39,517 owed by the Company to a number of suppliers. One of the Suppliers is Combined Management Services Ltd, a business that Jonathan Freeman is a director of and also has a beneficial interest in. Accordingly, following Admission, Jonathan Freeman, a director of the Company, will have an indirect beneficial interest in 487,935 Ordinary Shares, representing approximately 1.7% of Creon's enlarged issued share capital.
Following Admission, the Company's issued ordinary share capital will comprise 28,016,018 Ordinary Shares. All of the Ordinary Shares carry voting rights and this will be the figure which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.
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For further information please contact:
Creon Corporation Plc Jonathan Freeman +44 (0)20 7752 0215
Daniel Stewart & Company Plc Oliver Rigby +44 (0)207 776 6550
GTH Media Relations Toby Hall +44 (0)20 7153 8039
Christian Pickel +44 (0)20 7153 8036
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