23 Apr 2014 09:00
LENTA LTD
SHARE ISSUANCE UNDER MANAGEMENT INCENTIVE PLAN
Lenta Ltd confirms that 399 new ordinary shares (in the form of 1,995 GDRs) have been issued to certain managers of the Lenta group pursuant to the Lenta Ltd management incentive plan (the "MIP"), as anticipated and disclosed in the prospectus relating to Lenta Ltd's GDRs (the "Prospectus"). Accordingly, on 23 April 2014 86,053,394 ordinary shares with voting rights in Lenta Ltd are issued and outstanding.
The above figure (86,053,394) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Lenta Ltd under the FCA's Disclosure and Transparency Rules or the articles of association of Lenta Ltd.
As hereby voluntarily disclosed, note that two directors/officers and one officer of Lenta Ltd received GDRs in the MIP issuance, as summarized below:
Name of director/officer | Number of GDRs received | Total holding after issuance (interests in ordinary shares) | Approximate percentage holding (by ordinary shares) |
Jan Dunning, director and CEO (through Golden Healer Investments Limited) | 660 | 549,5381 | 0.64% |
Jago Lemmens, director and CFO (through Ergo United Limited) | 330 | 104,6972 | 0.12% |
Sergey Prokofiev, compliance officer | 60 | 12 | Less than 0.0001% |
Further, 20% of the shares in Lenta Ltd held by Messrs. Dunning and Lemmens3 subject to secured arrangements reflecting the MIP, and 22.99% of the shares in Lenta Ltd held by Mr. Dunning under separate contractual arrangements4, have been released from such arrangements in accordance with their terms (see p.159 of the Prospectus).
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1 Including through his vehicle Golden Healer Investments Limited
2 Including through his vehicle Ergo United Limited
3 The shares in Lenta Ltd released from such arrangements are: 35,732 for Mr. Dunning and 17,866 for Mr. Lemmens
4 So that 82,817 shares in Lenta Ltd are released from such arrangements