Last checked at 30 Jun 2011 07:00
30 June 2011
dotDigital Group Plc
Share Placing and Directors' Share Dealings
Exercise of Share Options
dotDigital Group Plc (AIM:DOTD), ("dotDigital" or the "Company"), the leading provider of search marketing services, email marketing services, intuitive Software as a Service and managed services to digital marketing professionals, announces that Charles Stanley Securities has at 29 June 2011, undertaken a placing of shares on behalf of a number of dotDigital shareholders in response to significant investment demand from a number of institutional and other investors, including the Company's Chairman. The vendors are long standing founder shareholders and include certain of the Company's Directors.
The Company also announces that Peter Simmonds, Chief Executive has at 29 June 2011, exercised all of his share options in the Company.
Institutional Share Placing
dotDigital joined AIM on 29 March 2011 and following a recent round of investor presentations by the Company, Charles Stanley has identified significant investor demand. As a result the new investors have acquired a total of 66,880,107 shares, representing approximately 25.1 per cent of the of the total voting rights of the Company, at 7.0 pence per share.
In order to satisfy this demand, certain institutional and other shareholders, including four of the Company's directors, who have held their shares for a number of years, have placed their shares with the new investors.
Director | Share holding prior to Placing | Sharessold | Shares acquired | Shareholding following Placing | Percentage Holding |
Frank Beechinor-Collins | - | - | 674,194 | 674,194 | 0.26% |
Peter Simmonds | 13,060,000 | 1,450,000 | 8,333,333* | 19,943,333 | 7.25% |
Ian Taylor | 60,860,000 | 7,000,000 | - | 53,860,000 | 19.59% |
Simon Bird | 52,860,000 | 7,000,000 | - | 45,860,000 | 16.68% |
Nicholas Nelson | 5,525,000 | 1,450,000 | - | 4,075,000 | 1.49% |
*Following exercise of options, details of which are set out below
Exercise of share options
Peter Simmonds has exercised options over 8,333,333 dotDigital ordinary share (the "New Shares"), being the entire number of share options granted to him, at an exercise price of 1.2 pence per share. Accordingly the Board has now issued and allotted 8,333,333 new ordinary shares and application has been made for these shares to be admitted to trading on AIM. It is expected that admission will be on 5 July 2011.
The New Shares will rank parri passu with the existing ordinary shares of the Company. Following the allotment, the total number of ordinary shares in issue will be 274,972,065.
Frank Beechinor, Chairman, Commented:
"We welcome the recent investment interest and support demonstrated by a number of highly regarded AIM institutional investors. We believe that our new shareholders have recognised that our strategy to grow the business will generate significant returns for all of our shareholders."
Enquiries:
dotDigital Group Plc Peter Simmonds, Chief Executive | 020 7654 8686 |
NOMAD and Broker Zeus Capital Ross Andrews Nick Cowles | 0161 831 1512 |
Broker Charles Stanley Securities Luke Webster Russell Cook | 020 7149 6000 |
Financial PR Hansard Communications Guy McDougall | 020 7245 1100 |