29 Dec 2009 14:34
29 December 2009
Brainspark plc
("Brainspark" or the "Company")
Director's Dealing
The Board of Brainspark announces that Prof. Francesco Gardin, Chairman of the Company, sold 46,000,000 ordinary shares of 0.01 pence each in the Company between the 23 December 2009 and 29 December 2009 at a price of 0.5 pence per share. Following this transaction, Prof. Francesco Gardin has a total beneficial interest in 68,261,973 ordinary shares in the Company, equivalent to 14.02 per cent. of the current issued share capital of Brainspark.
This transaction is further to the announcement made by the Company on 18 December 2009 which provided, inter alia, details on the conversion of an outstanding loan note held by Prof. Francesco Gardin into 46,358,695 new ordinary shares in the Company (the "Conversion Shares") and that it was his intention to sell the Conversion Shares on or around 23 December 2009, that being the date that the Conversion Shares were admitted to trading on AIM.
For further information:
| Brainspark plc | +39 335 296 573 |
| Francesco Gardin, Chairman | |
|
| |
| Allenby Capital Limited | +44(0) 20 3328 5656 |
| Nick Athanas/James Reeve | |
|
| |
| Leander PR | +44(0) 7795 168 157 |
| Christian Taylor-Wilkinson |