JLH.L Regulatory News (JLH)

10 Mar 2008 12:07

John Lewis Of Hungerford PLC10 March 2008 10 March 2008 John Lewis of Hungerford plc ("the Company") Placing to raise £400,000, Directors' Dealings and Confirmation of Total Voting Rights John Lewis of Hungerford plc is pleased to announce that it has completed aplacing of 20,000,000 new ordinary shares of 0.1p each in the Company ("NewOrdinary Shares") at a price of 2p per share, raising £383,250 net of theexpenses of issue ("the Placing"). The proceeds of the Placing will be used,predominantly, to fund the planned opening of two new showrooms in Oxford andCambridge and to roll out the new Cool and Steamer Bay kitchen ranges to most ofthe Company's showrooms. Three of the Company's directors have participated in the Placing at the Placingprice, as follows: Director Number of New Ordinary Shares Acquired in the Placing Jon Rosby 1,250,000 Malcolm Hepworth 750,000 Keith Bentley 500,000 Application has been made for the New Ordinary Shares, which will rank paripassu with all existing Ordinary Shares, to be admitted to trading on AIM and itis expected that such admission will be effective from 8am on 14 March 2008. Following the issue of the New Ordinary Shares the Company's issued sharecapital will consist of 186,745,519 ordinary shares with a nominal value of 0.1pper share with voting rights (one vote per ordinary share). The Company does nothold any ordinary shares in treasury. The figure of 186,745,519 ordinary sharesmay be used by shareholders as the denominator for the calculations by whichthey will determine if they are required to notify their interest in, or achange to their interest in, the Company under the Financial ServicesAuthority's Disclosure and Transparency Rules. The directors' beneficial interests in the issued ordinary share capital of theCompany following the issue of the New Ordinary Shares pursuant to the Placingare as follows: Director Number of Shares Percentage of Enlarged Share Capital John Lewis 91,576,678 49.04% Jon Rosby 5,023,547 2.69% Charlotte Hill-Baldwin 3,773,547 2.02% Richard Worthington 3,212,186 1.72% Keith Bentley 870,000 0.47% Malcolm Hepworth 750,000 0.40% For further information please contact: Richard Worthington, Finance & Commercial DirectorJohn Lewis of Hungerford plcTel: 07973 442331 Nicola Horton/David AbbottSmith & Williamson Corporate Finance LimitedNominated Adviser to the CompanyTel: 020 7131 4000 This information is provided by RNS The company news service from the London Stock Exchange