Last checked at 5 May 2009 16:18
5 May 2009
Dillistone Group Plc
("Dillistone" or the "Company")
This announcement replaces RNS 7018R released today at 15:06.
Exercise of Options
Dillistone, the AIM quoted supplier of recruitment software, announces that application has been made for the admission of 259,518 new ordinary shares of 5 pence each in the share capital of Dillistone ("Ordinary Shares") to trading on AIM following the exercise, on 5 May 2009 by 23 employees, of share options granted on 3 May 2006 under the Company's share option schemes ("Share Options"). The exercise price of the Share Options was 16.154 pence per Ordinary Share.
These new Ordinary Shares will rank pari passu with all existing Ordinary Shares and it is expected that dealing in the new Ordinary Shares will commence on 11 May 2009.
37,143 of the Share Options exercised were exercised by Alexander James, Projects Director of Dillistone. Following this option exercise Alexander James is now beneficially interested in 40,498 Ordinary Shares which represents approximately 0.72 per cent. of the enlarged issued share capital of the Company following the exercise of the Share Options ("Enlarged Share Capital").
In addition, Dillistone was notified today that Mike Love, Non-Executive Director of Dillistone and Executive Directors Jason Starr, Jim McLaughlin and Rory Howard all purchased Ordinary Shares on 5 May 2009 at 130 pence per Ordinary Share as set out in the table below:-
| Director | Number of Ordinary Shares purchased | Ordinary Shares held prior to purchase | Ordinary Shares held following purchase | ||
| | | Number | % of existing issued share capital | Number | % of Enlarged Share Capital |
| Mike Love | 19,231 | nil | nil | 19,231 | 0.34 % |
| Jason Starr | 12,350 | 1,172,461 | 21.71% | 1,184,811 | 20.93 % |
| Jim McLaughlin | 12,350 | 1,000,000 | 18.52% | 1,012,350 | 17.89 % |
| Rory Howard | 12,350 | 1,162,461 | 21.53% | 1,174,811 | 20.76 % |
For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue at today's date is 5,659,518 with each Ordinary Share holding one voting right. There are no Ordinary Shares held in treasury.
The above 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 Disclosure and Transparency Rules.
For further enquiries:
| Jim McLaughlin, Finance Director and Executive Chairman Dillistone Group Plc | 01934 710 509 |
| Emily Morgan, Blomfield Corporate Finance Limited | 0207 489 4500 |
| Daniel Briggs, Religare Hichens, Harrison | 0207 3827 776 |
| Tom Cooper, Winningtons Financial PR | 0797 122 1972 |
Notes to Editors:
Dillistone Group Plc is a leader in the supply and support of recruitment software to the search and selection market. Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc in June 2006.
Dillistone develops, publishes and supports Filefinder, its executive recruitment software, for recruitment companies and in-house recruitment teams. Filefinder is unique in providing tailored workflow and 24 hour support for global users, to mirror the profile and demands of an executive search assignment. Filefinder has been adopted by around 1,000 companies in more than 55 countries.