23 Dec 2010 08:15
Cubus Lux plc ("Cubus Lux" or the "Company") Issue of Equity
The Company today announces that it has issued 1,122,813 new ordinary shares of 10p each following the exercise of options at a price of 10p per option shares (the `Option Shares'). Consideration for the exercise of options is in lieu of unpaid fees.
The Option Shares represent 4.5 per cent of the Company's enlarged share capital and application has been made for their admission to trading on AIM. It is expected that dealings will commence at 8.00 am on 31 December 2010.
Following the exercise of options Milan Kotur and Hans Steinbichler will have interests of 1,672,024 and 1,217,141 representing 6.7 per cent and 4.9 per cent of the Company respectively. As a result of the option exercise, Directors Gerhard Huber, Christian Kaiser and Steve McCann have had their interests reduced to 15.7, 10.4 and 3 per cent respectively.
Following this issue of shares, the Group will have an issued share capital of 25,004,254 ordinary shares of 10p each. As the Group does not hold any ordinary shares in Treasury its total number of voting rights equals its capital. 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 Company under the FSA's Disclosure and Transparency Rules.
For further information about the Company please see www.cubuslux.com orcontact:Cubus Lux plc Steve McCann +44 (0) 7787 183 184
Northland Capital Luke Cairns / Rod Venables +44 (0) 20 7492 4750 Partners Ltd (Nomad)
Hybridan LLP Claire Louise Noyce +44 (0) 20 7947 4350 (Broker)
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