31 Dec 2009 07:00
Cubus Lux plc
("Cubus Lux" or the "Company")
Extension of Casino Licences and Issue of Equity
The Company announces further that it has conditionally allotted 325,000 ordinary shares of 10p each in the capital of the Company ("Shares") at a price of 17.5p each, raising approximately £57,000.
Application has been made for admission of these Shares to trading on AIM ("Admission"), and this is expected to become effective on 7 January 2010. Completion of the share issue (and the issue of the Shares) is conditional on amongst other things Admission having occurred by 7 January 2010.
The Shares will when issued rank pari passu with the existing ordinary shares in issue. The proceeds of the share issue will be used for the continuation of the Molatska residential/commercial project and to provide the Company with additional working capital.
Of the Shares, 75,000 are to be issued to Dodge Private Equity Limited, a company of which Gerhard Huber (the Chairman of Cubus Lux) owns the entire issued share capital.
Following the issue of the Shares, Mr Huber's interests in ordinary shares of 10p each in the Company will be as follows:
| Number of ordinary shares | Percentage of ordinary share capital in issue following the issue of the Shares | Options |
| 3,205,862 | 16.6% | 200,000 |
Following the issue of the Shares, and in conformity with the Financial Services Authority's Disclosure and Transparency Rules, Cubus Lux gives notice that its voting capital consists of:
| Ordinary Shares | Nominal Value | Share Capital | Ordinary Shares held in Treasury |
| 19,261,122 | 10p | £1,926,112.20 | - |
As Cubus Lux does not hold any ordinary shares in Treasury, its total number of voting rights equals its capital.
The above 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, Cubus Lux under the FSA's Disclosure and Transparency Rules.
For further information about the Company please see www.cubuslux.com or contact:
Steve McCann
Cubus Lux plc
+44 (0)7787 183 184
Jo Turner/Luke Cairns/Lindsay Mair
Astaire Securities plc
+44 (0) 20 7448 4400
Claire Louise Noyce/Stephen Austin,
Broker Hybridan LLP
+44 (0)20 7947 4350
Pam Spooner
City Road Communications
+44 (0) 20 7248 8010
+44 (0)7858 477 747