2 Mar 2010 16:28
02 March 2010
Nasstar plc
("Nasstar" or the "Company")
Director Shareholding
On 10 February 2010 Nasstar plc (AIM: NASA), the hosted desktop cloud computing provider, announced a placing to raise £337,500 through the issue of new ordinary shares to investors. The new ordinary shares were admitted to trading on AIM on 25 February 2010 ("Admission"). As a result of Admission the following directors of Nasstar, by virtue of dilution, have a change in their notifiable interest in the Company:
| Director/shareholder | Total no. of ordinary shares in Nasstar that director has a beneficial or non beneficial interest in following Admission | Percentage of issued share capital held before Admission | Percentage of issued share capital held after Admission |
| Lord Daresbury (Non Executive Chairman) | 5,701,062* | 17.86% | 15.95% |
| Charles Black (Chief Executive) | 8,865,833 | 27.78% | 24.81% |
| Damion Greef (Operations Director) | 2,657,881 | 8.33% | 7.44% |
| Tony Eve (Finance Director) | 95,000 | 0.30% | 0.27% |
\* This includes 4,937,857 ordinary shares, equivalent to 13.82% of the total issued share capital of Nasstar after Admission, held on behalf of Lord Daresbury by Jupiter Asset Management Limited, registered in the name of Nortrust Nominees Limited.
For further information, please contact:
| Nasstar plc |
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| Charles Black, Chief Executive Officer | 020 7148 5000 |
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| Allenby Capital Limited |
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| Nick Naylor James Reeve | 020 3328 5656 |
About Nasstar plc
Nasstar (www.nasstar.com) provides computing over the internet, enabling subscribers to do all of their computing in the internet cloud, with access to their desktop, files, applications and email over the internet rather than on-premise. Cloud computing is a highly scalable service that provides benefits including anywhere access to computing and provides an alternative to traditional locally installed on-premise computing.
Nasstar was founded in 1998 by Charles Black. Nasstar plc was admitted to trading on the London Stock Exchange Alternative Investment Market in December 2005 (AIM: NASA).