GSH.L Regulatory News (GSH)

20 Jun 2007 09:58

GSH Group PLC20 June 2007 GSH GROUP PLC ("the Company" or "GSH") Completion of Placing and Notification of Dealings Further to the announcement by the Company on 15 June 2007 ("Announcement") ofthe conditional placing of 1,500,000 ordinary shares of 1p each in GSH("Shares") at a price of 440p per Share ("the Placing Price"), the Companyannounces that the Placing today became unconditional and admission of 700,000new Shares ("New Shares") pursuant to the Placing became effective and dealingin the New Shares commenced trading on AIM this morning. At the same time, afurther 300,000 Shares, allotted to the Company Senior ManagementIncentivisation Plan ("SMIP Shares"), as referred to in the Announcement, wereadmitted to trading. Following the issue of the New Shares and the SMIP Shares, the total issuedshare capital of the Company is 21,600,000 Shares ("Enlarged Share Capital").The Enlarged Share Capital includes 106,090 Shares held in treasury (through theGSH Employee Benefit Trust ("the Trust") referred to below), which carry novoting rights and therefore the number of Shares carrying voting rights in theshare capital of the Company is 21,493,910 Shares ("Total Voting Rights"). Pursuant to the Placing and effective from today, the Company announces thatRobert Painting, non-executive Director of the Company, was issued 5,000 NewShares at the Placing Price. As a consequence, Robert Painting holds a total of12,500 Shares representing 0.06 per cent. of the Enlarged Share Capital. In addition, pursuant to the Placing and effective from today, the Geo. S HallNo 2 Pension Scheme ("the Scheme") and the Trust disposed of respectively600,000 and 200,000 Shares at the Placing Price. The 600,000 Shares disposed ofby the Scheme were beneficially held for Ian Scarr-Hall, former Chairman of GSH.As a consequence of the disposals, Ian Scarr-Hall holds 18,103,800 Shares andthe Trust holds 106,090 Shares representing respectively 84.23 and 0.49 percent. of Total Voting Rights. For further information, please contact: GSH Group plc Colin Tennent, Chief Executive 01782 200455 David Simons, Chief Financial Officer KBC Peel Hunt Ltd Julian Blunt 020 7418 8900 Daniel Harris This information is provided by RNS The company news service from the London Stock Exchange