Last checked at 16 Dec 2015 07:00
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Lok'nStore Group Plc ("Company")
Proposed Placing of Ordinary Shares
To facilitate an institutional placing to be conducted today, Lok'nStore announces that Andrew Jacobs and Simon Thomas, both directors of the Company, intend today to sell, together, up to 400,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") representing approximately 1.39 per cent. of the issued share capital of the Company at a price of 340p per share.
Mr Jacobs' participation (amounting to 200,000 Ordinary Shares) in the placing is intended to be satisfied by the exercise today of the same number of options held by him under the terms of the Company's Unapproved Share Option Scheme.
The completion of the Placing and the resulting directors' shareholdings will be announced as soon as practicable today.
Enquiries:
Lok'nStore Philippa Myers, Assistant Company Secretary
| 01252 521 010 |
finnCap Ltd Julian Blunt/Giles Rolls, Corporate Finance Alice Lane, Corporate Broking
| 020 7220 0500 |
Camarco Billy Clegg Tom Huddart
| 0203 757 4980 |