ARTA.L Regulatory News (ARTA)

7 Mar 2006 07:04

Future Internet Technologies PLC07 March 2006 For Immediate Release 7 March 2006 Future Internet Technologies Plc The new Directors of Future Internet Technologies plc are interested in itsordinary shares of 1p each ("Ordinary Shares") as follows: Director Number of % of the issued Warrants Warrant Exercise Ordinary Shares share capital priceRobert Bonnier Existing holding 25,000,000CFD position* 12,700,000Placing participation** 15,000,000Total 52,700,000 12.7% Warrants Cold Investments 20,000,000 15pPersonal Warrants 12,500,000 12pCold Investments 7,500,000 12p John MorleyExisting holding 40,000,000 20,000,000 12pPlacing participation 5,000,000Total 45,000,000 10.8% Paul ThorntonExisting holding 1,698,000 1,000,000 12pPlacing participation 500,000Total 2,168,000 0.5% * Mr Bonnier currently holds 12.7m shares in the form of open-ended Contract forDifferences ("CFDs") through Cold Investments, his personal investment Company. ** Mr. Bonnier will acquire through Cold Investments a further 15m shares in theproposed placing that initially will be held in the form of an open ended CFD.It is Mr. Bonnier's intention to transfer his physical shares into ColdInvestments and to convert the aggregate 27.7m shares held under CFDs into aphysical shareholding in due course. The placing is of new Ordinary Shares at 35p per share conditional only uponadmission to Aim. Mr Richard Armstrong, the independent director, considers, having consulted withInsinger de Beaufort, the Company's nominated advisor that the terms of theseparate participations of the new Directors in the placing are fair andreasonable insofar as the Company's shareholders are concerned. For further information please contact: Richard Armstrong, Future Internet Technologies Tel: 020 7448 4726Richard Oldworth, Richard Darby - Buchanan Communications Tel: 020 7466 5000Stephen Goschalk, Insinger de Beaufort Tel: 020 7190 7000 This information is provided by RNS The company news service from the London Stock Exchange