7 Jun 2017 07:00
Mortice Limited
('Mortice' or the 'Company')
Subscription for Ordinary Shares/Director/PDMR Holding,
Total Voting Rights
The Company is pleased to announce that Dr Keith Hellawell, Non-Executive Director of the Company, has today subscribed for 20,000 new ordinary shares of no par value in the Company (the "Ordinary Shares") at a price of 110 pence per Ordinary Share. Dr Hellawell had intended to subscribe as part of the placing announced on 23 December 2016, but the Company has been in a close period since that time and the issue price of the new Ordinary Shares reflects the continued progress made by the Company since that time.
Application has been made for the 20,000 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on 9 June 2017.
Following the issue of the Ordinary Shares, Dr Hellawell's total holding will comprise of 20,000 Ordinary Shares in the Company, representing 0.04 per cent. of the Company's issued share capital.
The enlarged issued share capital of the Company will consist of 55,250,540 Ordinary Shares. No Ordinary Shares were held in treasury at the date of this announcement. The total voting rights in the Company will therefore be 55,250,540.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
Mortice Limited | www.morticegroup.com | |
Manjit Rajain, Executive Chairman | Tel: +91 981 800 0011 | |
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finnCap Ltd | Tel: 020 7220 0500 | |
Adrian Hargrave / Giles Rolls / Alex Price (Corporate Finance) |
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Tony Quirk (Corporate Broking) |
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Walbrook PR | Tel: 020 7933 8780 or mortice@walbrookpr.com | |
Paul McManus/ Sam Allen | Mob: 07980 541 893 / 07884 664 686 | |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Keith Hellawell | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-Executive Director | ||||
b) | Initial notification/Amendment | Initial | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Mortice Limited | ||||
b) | LEI | n/a | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of no par value | ||||
Identification code | SG9999005326 | |||||
b) | Nature of the transaction | Subscription for shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |
20,000 110p | ||||
e) | Date of the transaction | 6 June 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||