11 Jan 2016 16:27
11 January 2016
FastForward Innovations Limited
("FastForward" or the "Company")
Holdings in Company
The Company provides the following update in respect of the holdings in the Company. Following the issue of shares on 8 January 2016 (the "Share Issue"), the number of ordinary shares of 1p each (the "Ordinary Shares") in issue in the Company increased to 96,681,544.
As a result of the change in the number of shares in issue, the Company has been informed of the following changes.
Holding in Company
Investor (Beneficial owner in brackets) | Total number of Ordinary Shares | Percentage of the enlarged share capital |
Lorne Abony | 20,754,181 | 21.47% |
Regent Mercantile Holdings Ltd* | 12,870,067 | 13.31% |
Galloway Limited** | 9,256,401 | 9.57% |
Norbert Teufelburger | 4,106,439 | 4.25% |
Russell Geyser | 3,285,151 | 3.40% |
Wendy Polland | 3,285,149 | 3.40% |
*Regent Mercantile is owned by a trust under which Stephen Dattels is a discretionary beneficiary.
**Galloway Limited is owned by a trust of which Mr James Mellon is a life tenant.
In addition, the holdings of Angstrom Capital Ltd (Michael Beck), Analogue Capital Ltd (Jeanne Usonis), and First Island Trustees (Guernsey) Limited have now dropped below 3% and are therefore no longer required to be disclosed.
As a result of the Share Issue, the holding of the Concert Party as constituted on 17 October 2014, is now 35,954,400 Ordinary Shares representing 37.19% of the enlarged share capital. As a result, given the Concert Party's aggregate interest has now fallen below 50%, should the Concert Party acquire a further interest in shares carrying voting rights, a general offer for the Company will normally be required.
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For further information, please visit www.fstfwd.co or contact:
FastForward Innovations Limited Tel: +44 1481 810 100 Elysium Fund Management Limited |
Beaumont Cornish Limited (Nomad) Tel: +44 (0) 207 628 3396 James Biddle / Michael Cornish |
Peterhouse Corporate Finance Limited (Broker) Tel: +44 (0) 20 7469 0930 Guy Miller / Lucy Williams |