Last checked at 2 Aug 2013 07:00
CERES MEDIA INTERNATIONAL PLC - Issue of Equity - Conversion of Debt, Directors DealingCERES MEDIA INTERNATIONAL PLC - Issue of Equity - Conversion of Debt, Directors Dealing
PR Newswire
London, August 1
CERES MEDIA INTERNATIONAL PLC ("Ceres" or the "Company" or the "Group") Issue of equity - conversion of debt, Directors dealing The Company announces that directors have converted £51,000 of liabilities owedto them into 10,200,000 ordinary shares in the Company at a price of £0.005pence per share (the "Conversion") as set out below:- Name Shares acquired by Shares held Total number % of issued way of the prior to of shares share capital Conversion Conversion held subsequent to subsequent to the the Conversion Conversion Alex Dowdeswell 5,400,000 9,144,346 14,544,346 11.5% Leslie Barber 3,000,000 5,203,089 8,203,089 6.1% Clive Garston 1,800,000 1,562,938 3,362,938 2.5% The new ordinary shares will rank pari passu with the existing ordinary shares. Application for the new ordinary shares has been made to the London StockExchange, trading in the new ordinary shares is expected to commence on oraround 8 August 2013. Following the above issue of equity the Company has 135,587,295 ordinary sharesof 0.1 pence in issue. End For further information, please contact: Ceres Media International PLC Tel: 020 3178 5622Alex Dowdeswell/Leslie Barber Nominated Adviser, Cairn Financial Advisers Tel: 020 7148 7900Liam Murray/Jo Turner Broker, XCAP Securities PLC Tel: 202 7101 7070Jon Belliss / Adrian Kirk