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15 Aug 2008 10:49
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Issue of Equity
Β
The BoardΒ ofΒ Nasstar Plc ("Nasstar" or "theΒ Company", AIM: NASA)Β confirms today that they have approved the issue ofΒ new OrdinaryΒ Shares in the Company of 1p, following the exercise of options as follows (the 'Options'):
|
Number of Options Exercised |
ExerciseΒ Price |
|
|
Peter Daresbury |
105,000 |
12p |
|
Damion Greef |
95,000 |
12p |
|
Richard Malkin |
70,000 |
12p |
TheΒ new OrdinaryΒ Shares will onΒ theirΒ issue rank pari passu with the existing Ordinary Shares in issue and an application has been made for the admission of these shares to trading on AIMΒ ("Admission")Β with admission expected to occur onΒ 21Β August 2008.
FollowingΒ Admisson,Β Lord DaresburyΒ will haveΒ an interest in 3,201,062Β Ordinary Shares, representingΒ 19.9% of the Company's issued share capital. Of theseΒ 763,205Β Ordinary Shares are held personally,Β 1,276,190Β Ordinary Shares are held by Nortrust Nominees Limited,Β and 1,161,667 Ordinary Shares are held by Savernake Holdings (D) Limited.
Following Admisson, Damion Greef will have an interest inΒ 907,881Β Ordinary Shares, representingΒ 5.6% of the Company's issued share capital.
Following the issue of these Ordinary Shares,Β which will happen conditionally on Admission,Β the Company will haveΒ 16,096,556Β ordinary shares in issue.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required toΒ notify their interest in, or aΒ change to their interest in, the Company.
For further information, please contact:
|
Nasstar Plc Charles Black, Chief Executive |
0870 240 1634 |
|
Ambrian Partners Limited Tim Goodman |
0207 634 4700 |
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