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16 Apr 2014 07:00
Nasstar plc ("Nasstar" or the "Company")
Directors Shareholding
Nasstar, the cloud service provider, has been notified that Nigel Redwood, the Chief Executive Officer of the Company and David Redwood, the Deputy Chairman of the Company have both each acquired 309,735 Ordinary Shares at a price of 6.75p per share on 15 April 2014. Subsequent to these purchases Nigel Redwood's holding now stands at 10,475,430 Ordinary Shares representing 2.96 per cent. of the Company's issued ordinary share capital and David Redwood's holding now stands at 10,112,193 Ordinary Shares representing 2.86 per cent. of the Company's issued ordinary share capital. Nigel Redwood's shareholding includes 571,459 Ordinary Shares held in trust for the benefit of his minor daughter.
Enquiries:
Nasstar Plc +44 (0) 1952 225 000
Nigel Redwood - Chief Executive Officer
Niki Redwood - Finance Director
finnCap Limited (Nominated Adviser & Broker) +44 (0) 20 7220 0500
Julian Blunt - Corporate finance
Victoria Bates - Corporate broking
Oakley Capital (Financial Adviser) +44 (0) 20 7766 6900
Christian Maher
Victoria Boxall
About Nasstar plc
Nasstar (www.nasstar.com) and its wholly owned subsidiary e-know.net (www.e-know.net) 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 and acquired e-know.net in a reverse takeover in January 2014.
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