14 Jul 2011 17:42
14 July 2011 CUBUS LUX PLC ("Cubus Lux" or the "Company") Placing and Issue of Equity
The Company announces that it has allotted and issued 430,000 new ordinary shares of 10p each (the "Placing Shares") at 11.5p per share. The Placing Shares were issued to Mr Peter Phillips following his agreement to convert a short term loan of £49,450, which had been made to the Company earlier this year to further development projects in Croatia, into equity.
Following the issue of the Placing Shares, Mr Peter Phillips will have a holding of 2,926,679 ordinary shares in the Company representing 9.7% of the Company's enlarged issued ordinary share capital.
Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that such Admission will occur at 8.00 am on 20 July 2011.
Following the issue of the Placing Shares, the shareholdings and other interests of the directors are as follows:
Name of Director Number of Ordinary Percentage of Number of options Shares issued Ordinary outstanding Share Capital Gerhard Huber 3,930,948 13.0% 2,100,100 Christian Kaiser 2,608,748 8.6% 600,000 Michael Janssen 460,688 1.5% 100,000 Leon Nahon 61,467 0.2% 360,000 Steve McCann 744,286 2.5% 1,130,000 Eli Abramovich 24,000 0.08% 360,000 Francisco Alvarez 0 0 260,000 Molina
Following the issue of the Placing Shares, which represent 1.42 per cent. of the Company's enlarged issued ordinary share capital, the Company will have an issued ordinary share capital of 30,291,852 ordinary shares of 10p each. As the Company 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
or contact:Cubus Lux PLC Steve McCann, CFO +44 (0) 7787 183 184 Northland Capital Luke Cairns/Rod Venables +44 (0) 20 7796 8800 Partners Limited (Nominated Adviser) Keith, Bayley, Simon Frost/David Coffman +44 (0) 203 100 8300 Rogers & Co Limited (Broker)
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