17 Aug 2009 07:00
Hansteen Holdings plc
("Hansteen" or "the Company")
Issue of Equity for a stake in Warner Estates
Hansteen announces that it has applied for the admission of 3,296,347 new ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") to trading on AIM. The new Ordinary Shares have been issued in consideration for the acquisition of 10,377,389 ordinary shares, representing a strategic stake of approximately 18.5 per cent., in the capital of Warner Estate Holdings plc ("Warner") which were acquired (subject only to admission of the Ordinary Shares on AIM) from Trefick Limited on 14 August 2009. Admission of the new Ordinary Shares to trading on AIM is expected to occur on 20 August 2009.
Following admission of the new Ordinary Shares to trading on AIM, the issued share capital of the Company and the total number of voting rights in the Company will be 449,499,915.
For further information:
| Ian Watson/Morgan Jones Hansteen Holdings plc Tel: 020 7016 8820 | David Davies/Matt Goode KBC Peel Hunt Tel: 020 7418 8900 | Jeremy Carey/Gemma Bradley Tavistock Communications Tel: 020 7920 315 |