Last checked at 25 Jun 2009 15:20
25th June 2009
Empresaria Group plc ("Empresaria" or the "Group")
Acquisition of minority stake and issue of equity
The Company announces that application has been made to the London Stock Exchange plc for the admission to trading on AIM of 251,516 new Ordinary Shares of 5p each fully paid, ranking pari passu with the existing ordinary shares ("Ordinary Shares") and dealings are expected to commence on or around 01 July 2009.
These new Ordinary Shares have been allotted as consideration relating to the acquisition of the remaining 25% of Lumley Employment Company Limited ("Lumley") which the Company did not already own. The acquisition of the original 75% stake in Lumley previously was announced on 8 April 2008.
The consideration payments are made pursuant to original share purchase agreements between Empresaria and the minority shareholders of Lumley.
After the acquisition of the minority shareholding, Empresaria will own 100 per cent. of Lumley.
For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, following the admission of the shares described above, the total number of ordinary shares of 5p each in the Company will be 44,528,237.
There are no shares held in treasury and therefore the total number of voting rights in the Company will be 44,528,237.
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 information contact:
Miles Hunt
Chief Executive, Empresaria Group plc 01293 649 900
Stuart Kilpatrick
Finance Director, Empresaria Group plc 01293 649 900
Nicholas How
Singer Capital Markets Limited 020 3205 7620