1 Apr 2009 11:15
C H BAILEY PLC
Issue of equity
The Board of C H Bailey Plc ("C H Bailey" or the "Company") announces that on 31 March 2009 the Company agreed to sell all of the 142,434 ordinary shares currently held in treasury to Mr C H Bailey, the Company's chairman and managing director.
The shares were sold at the current mid-market price of 50 pence per share and the total consideration received by the Company was approximately £71,000. The consideration has been satisfied by a reduction of this amount in the principal balance outstanding on Mr Bailey's loan account.
Following this sale of treasury shares on 31 March 2009, the Company has in issue 8,335,414 ordinary shares and does not hold any shares in treasury. The total number of voting rights in C H Bailey is therefore 8,335,414. This figure may be used by shareholders 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 C H Bailey under the Disclosure and Transparency Rules.
The Company has today been notified by Mr Bailey that following this transaction, his total shareholding in the Company amounts to 4,393,494 shares, representing approximately 52.7% of the total issued share capital of the Company.
Enquiries:
Bryan Warren
Company Secretary
C H Bailey Plc
Tel: 01633 262961
Colin Smith
Arden Partners plc
Tel: 0121 423 8940