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Revised placing

15 Nov 2011 12:10

RNS Number : 1305S
CSS Stellar PLC
15 November 2011
 



For Immediate Release

15 November 2011

 

CSS Stellar plc

("the Company")

 

Revised placing

With reference to the placing announced on 4 November 2011, application has been made for 23.6 million new ordinary shares of 1p each ("the Placing Shares") to be admitted to trading on AIM ("the Revised Placing"). The Revised Placing will raise £295,000 and is in substitution for the previously announced amount of 25 million shares conditionally placed to raise £312,500.

 

Dealings in the Placing Shares are expected to commence on 16 November 2011 ("Admission"). Following Admission, there will be 52,576,581 ordinary shares in issue. The Company holds 232 ordinary shares as treasury shares. Therefore, the total number of voting rights in the Company is 52,576,349. This number 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.

 

Interests in shares

 

John Webber, a Director, has subscribed for 2.4 million shares in the Revised Placing.

 

Following the issue and allotment of the Placing Shares and Admission, the interests of the Directors and those shareholders who are interested, where known, in 3% or more of the issued share capital of the Company will be as follows:

 

Directors

%

Julian Jakobi

10.1

John Webber

10.3

David Lenigas

3.0

Donald Strang

3.0

Others

%

Nick Gold

10.1

Amberdays Limited

8.4

Green Hair Services Limited

5.3

Alphagen Fund Volantis Limited

3.2

Eastland Investments Limited

3.0

Narrowsburg Holdings Limited

3.0

 

 

For further information, contact:

 

CSS Stellar plc

Julian Jakobi

David Lenigas

Donald Strang

 

Tel: 020 7535 7225

Tel: 020 7440 0640

Tel: 020 7440 0640

 

Northland Capital Partners Limited (Nominated Adviser and Broker)

Luke Cairns / Edward Hutton

 

Tel: 020 7796 8800

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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