Last checked at 12 Nov 2008 16:37
12th November 2008
DataCash Group plc ("DataCash" or the "Company")
Director shareholding
Under the terms of the top-up rights contained within the acquisition agreement between DataCash and Proc Cyber Services (UK) Limited, each time one of the Company's existing share options (which existed at the time of the acquisition) is exercised, Ashley Head, non-executive chairman of the Company, is entitled to subscribe for the equivalent number of new shares at the same price as the exercise price of the option exercised.
The Company has been notified today by Mr Head that he has subscribed for the following shares at the following prices:
| Number of shares | Exercise price (p) | Number of shares subscribed for by Mr Head | Subscription price | ||
| 3,000 | 26.58 pence | 3,000 | 26.58 pence | ||
Pursuant to subscribing for these shares Mr Head is beneficially interested in 39,947,745 shares representing 43.28 per cent. of the issued share capital of the Company.
There remain options over 184,768 DataCash shares. Mr Head has rights to subscribe for further new shares as and when these options are exercised.
Enquiries
Paul Burton, Chief Financial Officer 0870 727 4761
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