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21 Aug 2013 11:52
AIM: KLN
21 August 2013
The Kellan Group PLC
("Kellan", the "Company" or "Group")
Issue of equity
Kellan announces today that a total of 1,600,238 ordinary shares of 0.01 pence each in the Company ('Ordinary Shares') have been issued to certain existing shareholders of the Company in satisfaction of interest due on the Company's 2015 convertible loan notes.
Changes in discloseable interests are as follows:
Shareholder |
Ordinary Shares issued | Price paid (p) |
Shareholding immediately following Admission | Percentage of enlarged issued share capital |
John Bowmer | 371,918 | 2 | 14,863,054 | 4.44 |
James McHugh | 297,534 | 2 | 11,466,553 | 3.43 |
Don Hanson | 880,205 | 2 | 10,810,671 | 3.23 |
Application has been made to the London Stock Exchange for 1,600,238 Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 27 August 2013. These shares will rank pari passu in all respects with the existing issued Ordinary Shares in the Company. The total issued share capital of Kellan following this allotment will be 334,667,538 Ordinary Shares. No Ordinary Shares are held in treasury.
ENQUIRIES:
The Kellan Group PLC | |
Tony Reeves, Executive Chairman Rakesh Kirpalani, Group Finance Director | Tel: 020 7268 6200 |
Sanlam Securities UK Limited | |
David Worlidge / Virginia Bull | Tel: 020 7628 2200 |
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