21 Jun 2012 16:24
For immediate release: 21 June 2012
Top Level Domain Holdings Limited
("TLDH", the "Company" or the "Group")
Directors Dealing
Following the release by ICANN of the full list of applications for new generic top level domains and by the Company of the unaudited results for the 6 months ended 30 April 2012, the Board of TLDH was informed on 20 June 2012 by certain of the directors that they intend to exercise in aggregate 34,165,680 warrants at an exercise price of 4p per ordinary share and which would otherwise expire on 31 July 2012. In addition, Mike Mendelson has informed the Board that he intends to exercise 300,000 options at an exercise price of 4p per ordinary share. In aggregate the total proceeds to the Company will amount to £1,378,680. The directors have also confirmed to the Company that they have no current intention to dispose of any of the ordinary shares issued to them on exercise of the relevant warrants or options. The proposed warrant and exercise notices by the directors are set out below:
Director | Number of warrants or options to be exercised | Exercise price (p) | TLDH ordinary shares following exercise | Interest in TLDH ordinary shares following exercise |
Fred Krueger | 25,054,280 | 4p | 106,957,840 | 21.1% |
David Weill (note 1) | 4,000,000 | 4p | 12,500,000 | 2.5% |
Guy Elliott (note 2) | 4,500,000 | 4p | 30,500,000 | 6.0% |
Mike Mendelson | 300,000 | 4p | 1,300,000 | 0.3% |
Clark Landry | 611,400 | 4p | 12,569,200 | 2.5% |
Notes:
1. David Weill's current and enlarged shareholding is held through Bellone Investment Service inc
2. Of Guy Elliott's new shares, 500,000 will be issued to the Elliott Family Irrevocable Trust
The new TLDH ordinary shares will rank pari passu with the existing TLDH ordinary shares. Following completion of exercise and allotment by the Board, application will be made for the new TLDH ordinary shares to be admitted to trading on AIM, which is expected to occur on or about 6 July 2012.
For further information, please contact:
Top Level Domain Holdings Limited
North America
Antony Van Couvering Tel: +1 917 406 7126
Beaumont Cornish Limited (Nomad) Tel +44 (0) 20 7628 3396
Roland Cornish
Michael Cornish
XCAP Securities plc (Joint Broker) Tel: +44 (0) 20 3216 2661/2667
Karen Kelly
Halimah Hussain
Daniel Stewart & Company plc (Joint Broker) Tel: +44 (0) 20 7776 6550
Martin Lampshire
gth media relations
Toby Hall /Suzanne Johnson Walsh Tel: +44 (0) 20 3103 3903/2
Or visit the group's website at www.tldh.org
About Top Level Domain Holdings Limited
Top Level Domain Holding is a publicly traded holding company listed on the London AIM market. The company is only publicly traded company exclusively focused on the new top-level domain space. Top-level domains, such as .com, run by VeriSign (NASDAQ: VRSN), and .biz, run by Neustar (NYSE: NSR), are regulated by ICANN. ICANN has announced plans to expand the number of top-level domains. TLDH is making targeted investments in this space, focusing on both infrastructure technologies and specific top-level domains.
About Minds + Machines, http://mindsandmachines.com
Minds + Machines is a registry services provider that works internationally with commercial organisations, cities, not-for-profits and entrepreneurs to secure and operate new web domains, known as top-level domains (TLDs). Minds and Machines LLC is a wholly owned subsidiary of Top Level Domains Holdings Limited.
ENDS