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26 Jan 2011 11:25
NetDimensions (Holdings) Limited ("NetDimensions" or "the Company")
Director Shareholding and Total Voting Rights
The Company announces that on 26 January 2011 the Board has issued and allotted 465,500 new ordinary shares to employees and Directors of the Company. The following Non-Executive Directors and Executive Director of the Company were allotted, subject to admission, ordinary shares in the Company:
No. of shares allotted | Following Admission total holding of ordinary sharesin the Company | Following Admission total holding as % oftotal issued share capital | |
Roger Durn (Non-Executive Chairman) | 15,000 | 80,000 | 0.32% |
Graham Higgins (Non-Executive Director) | 11,250 | 60,000 | 0.24% |
Sanjay Vaze (Non-Executive Director) | 11,250 | 160,000 | 0.64% |
Jay Shaw (Executive Director)* | 50,000 | 4,805,000 | 19.06% |
These shares will rank equally with the existing ordinary shares of the Company. Application has been made for these ordinary shares to be admitted to trading on AIM ("Admission"), which is anticipated to commence on 3 February 2011.
NetDimensions is also issuing share options to Jay Shaw CEO, Ray Ruff Chief Information Officer and Clarence Wu CFO.
The options are split into five tranches vesting between one and four years. The first tranche vests after one year, the second after two years, the third after three years and fourth after four years. The options are all exercisable at a price of 19.25 pence, and will convert into Ordinary Shares on exercise.
1 year vesting | 2 year vesting | 3 year vesting | 4 year vesting | Total Options | Number of Ordinary Shares | |
Jay Shaw | 150,000 | - | - | - | 150,000 | 4,805,000* |
Ray Ruff | - | 50,000 | 50,000 | 50,000 | 150,000 | 3,521,388** |
Clarence Wu | - | 170,000 | 170,000 | 160,000 | 500,000 | - |
*Jay Shaw's holding of Ordinary shares includes 505,000 held by his spouse
**Ray Ruff's holding of Ordinary shares includes 1,000,000 held by his spouse
Following Admission the total number of ordinary shares in issue will be 25,581,576 with a nominal value of US$ 0.001 each ("Ordinary Shares"), with voting rights. The Company does not hold any Ordinary Shares in Treasury.
Therefore, the total number of Ordinary Shares with voting rights will be 25,581,576. There are no shares held in treasury.
The above figure of Ordinary Shares 25,581,576 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
Enquiries:
NetDimensions (Holdings) Limited | Jay Shaw | Tel: +852 2122 4500 |
Clarence Wu | info@netdimensions.com | |
Arden Partners plc | Tel: +44 20 7614 5900 | |
Nomad & Broker | Fred Walsh | fred.walsh@arden-partners.com |
Jamie Cameron | jamie.cameron@arden-partners.com | |
Walbrook PR Ltd | Tel: +44 20 7933 8780 | |
Financial Public Relations | Paul McManus | paul.mcmanus@walbrookpr.com |
Bob Huxford | bob.huxford@walbrookpr.com |
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