20 Dec 2013 14:22
20 December 2013
PORTA COMMUNICATIONS PLC
(the "Group" or "Porta")
Exercise of Options
Porta Communications plc, the AIM quoted international marketing and communications business announces that, on 19 December 2014, it approved the issue and allotment of 33,333 new ordinary shares of 10p each in the Company ("Ordinary Shares") following an exercise of share options by a former Porta employee.
These shares will rank pari passu with all existing Ordinary Shares. Application will be made for admission of these new Ordinary Shares to trading on AIM and dealings are expected to commence on or around 30 December 2013 ("Admission").
Following Admission, the Company's issued share capital will consist of 162,121,000 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of voting rights in the Company will be 162,121,000.
The above figure of may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
-ENDS-
Enquiries
Porta Communications plcwww.portacomms.com David Wright, Chief ExecutiveGene Golembiewski, Finance Director | +44 (0) 20 7680 6500 |
N+1 Singer Jonny Franklin-AdamsAlex Wright | +44 (0) 20 7496 3000 |
Newgate ThreadneedleGraham Herring
| +44 (0) 20 7653 9850
|