19 Aug 2015 07:00
Auctus Growth plc
19 August 2015
Auctus Growth plc ('Auctus', the 'Company')
PLACING OF ORDINARY SHARES AND DIRECTORS SHAREHOLDINGS
Further to the announcement made on 17 August 2015 the Auctus board has approved the issuance of 228,999 new ordinary shares in the Company at GBP 0.50 per share. The placing is in support of the future acquisition plans for the Company. Pursuant to the placing the Company will have 2,668,999 ordinary shares in issue.
The board and founders of Auctus have agreed to subscribe for new shares as follows:
No of placing shares | New holding | New % holding | Aggregated | |
Malcolm Burne | 73,333 | 273,333 | 10.24% | 17.26% |
Nathan Steinberg | 24,000 | 49,000 | 1.84% | - |
Richard Lockwood | 73,333 | 273,333 | 10.24% | 17.26% |
Arlington Group Asset Management Limited | 58,333 | 187,333 | 7.02% | - |
Malcolm Burne (Auctus director), Charlie Cannon-Brookes (Auctus director) and Richard Lockwood (Auctus founder) are all directors and shareholders of Arlington Group Asset Management Limited. The personal shareholding of Malcolm Burne is aggregated with that of Arlington Group Asset Management Limited as is the personal shareholding of Richard Lockwood under DTR 5.7. Nathan Steinberg is a director of Auctus.
The total cash proceeds of the placing equate to GBP 114,499.50 on which no commission was paid.
Admission to trading of the new ordinary shares to the Main Market of the London Stock Exchange is subject to approval by the UK Listing Authority and the London Stock Exchange.
Contact:
Ross Ainger
0207 389 5010