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9 Feb 2011 14:30
Noventa Limited
("Noventa" or the "Company")
Issue of Equity
9 February 2011
The Company has today issued 245,260 ordinary 0.04p shares ("Ordinary Shares") as performance bonuses to three members of the Board of Directors (the "Bonus Issue"), all of whom have elected to receive 100% of their bonus in shares. Pat Lawless has received 191,610 Ordinary Shares, Tim Griffiths has received 26,825 Ordinary Shares and Guy Coltman has received 26,825 Ordinary Shares.
The following table sets out details of Director's Shareholdings (as defined in the AIM Rules) of the Company following the Bonus Issue.
Ordinary Shares Held | Percentage of Issued Ordinary Shares Held
| |
Kean Chung *** | 5,862,404 | 1.15% |
Eric Kohn TD * | 5,441,629 | 1.07% |
John Allan ** | 3,093,282 | 0.61% |
Pat Lawless | 872,560 | 0.17% |
Dr Joachim Martin | 414,610 | 0.08% |
Tim Griffiths | 226,127 | 0.04% |
Guy Coltman | 171,717 | 0.03% |
Leslie Heymann | 27,190 | 0.01% |
* These shares are held by Barons Financial Services Limited, a company in which Mr. Kohn has a beneficial interest.
** These shares are held by Ekasure Limited, a company in which Mr. Allan has a beneficial interest
*** 5,500,000 of these shares are held by a family trust of which Mr. Chung is a potential beneficiary
The following table sets out details of Significant Shareholders (as defined in the AIM Rules) of the Company, to the extent that the Company is aware, following the Bonus Issue.
Ordinary Shares Held
| Percentage of Issued Ordinary Shares Held | |
Highland African Ventures Limited # | 79,373,079 | 15.59% |
Richmond Capital LLP | 39,556,000 | 7.77% |
Kaizan Capital LLC | 26,648,900 | 5.23% |
Panta Holdings BV | 21,367,911 | 4.20% |
Compagnie Internationale de Participations Bancaires et Financieres SA | 19,906,340 | 3.91% |
JMM Trading LP | 16,769,507 | 3.29% |
# Highland African Ventures Limited is owned by a trust whose trustee is Fleming Family & Partners Liechtenstein and Mr. R J Fleming is one of the potential beneficiaries. Fleming Family & Partners Liechtenstein has a total interest, including through Highland African Ventures Limited, in a total of 89,203,154 shares (17.52% of the issued shares). Mr. R J Fleming has an interest, including through Highland African Ventures Limited, in a total of 85,208,892 shares (16.73 % of the issued shares).
An application has been made to admit the new Ordinary Shares issued under the Bonus Issue to trading on AIM, with trading expected to commence on 14 February 2011.
Following the Bonus Issue, the Company will have 509,205,732 Ordinary Shares in issue and following the issue of all of the 9,953,171 Additional Subscription Shares (as defined in the Company's 'Issue of Equity' announcement of 3 September 2010) the Company will have 519,158,903 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury.
For further information please contact:
Eric F. Kohn TD
Chairman
Noventa Limited
+41 22 8500560
+41 79 5030150
www.noventa.net
Nick Harriss/Emily Staples
Religare Capital Markets (Nomad)
+44 20 7444 0800
Andrew Chubb/Kit Stephenson
Canaccord Genuity Limited (Joint Broker):+44 20 7050 6500
Daniel BriggsReligare Capital Markets (Joint Broker)+44 20 7444 0500
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