5 Feb 2015 14:02
For immediate release
5 February 2015
Nasstar plc ("Nasstar" or the "Company")
Director Shareholding
Nasstar, the cloud service provider, has today been notified that Lord Daresbury, Chairman of the Company, has today sold 312,500 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") from a trust (Daresbury SWE9501 Limited), the sole beneficiary of which is Lord Daresbury, for 8p per Ordinary Share.
As a result of the above Lord Daresbury's overall beneficial interest in the Company is now 4,788,562 Ordinary Shares, equivalent to 1.3 per cent. of Nasstar's issued ordinary share capital.
Enquiries:
Nasstar Plc 01952 225 000
Nigel Redwood - Chief Executive Officer
Niki Redwood - Finance Director
finnCap Limited (Nominated Adviser & Broker) 020 7220 0500
Julian Blunt - Corporate finance
Victoria Bates - Corporate broking
Gresham PR Limited 07866 805108
Neil Boom
About Nasstar plc
Nasstar (www.nasstar.com) and its wholly owned subsidiaries e-know.net (www.e-know.net) and Kamanchi (www.kamanchi.co.uk) provide hosted desktop and hosted exchange cloud computing services that enable subscribers to access their corporate desktop, files, applications and email in the Cloud rather than using local hard drives. Hosted desktop is a highly scalable service that provides benefits including anywhere access to computing, a standardised corporate desktop solution that can be accessed globally and in multiple languages and cost savings when compared to the traditional IT ownership model, replacing capital expenditure with a simple usage based payment model.
Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in December 2005, acquired e-know.net Limited in a reverse takeover in January 2014 and acquired Kamanchi Limited in July 2014.
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