11 Oct 2012 08:00
Richoux Group plc
("Richoux" or the "Company")
Completion of Subscription
On 21 September 2012, the Company announced that it had conditionally raised £2.0 million, before expenses, through a subscription of 25,000,000 new ordinary shares of 4 pence each (the "Ordinary Shares") in the capital of the Company (the "Subscription Shares") at a price of 8 pence per share (the "Subscription Price") (the "Subscription"). The Subscription was conditional on the passing of shareholder resolutions at the general meeting of the Company held on 10 October 2012 (the "General Meeting") which were required to effect the Subscription (the "Resolutions"). As announced by the Company on 10 October 2012, the Resolutions were passed at the General Meeting.
Further to these announcements, the Company is pleased to confirm the admission to trading of the Subscription Shares on the AIM market of the London Stock Exchange ("Admission") and the receipt of the cash proceeds due from the Subscription.
Director Shareholdings
Following Admission, the Company can confirm the following Director shareholdings:
Name | Role | Shareholding | % of issued share capital |
Salvatore Diliberto | Chief Executive Officer | 19,408,672 | 21.1% |
Edward Standring | Managing Director | 1,875,000 | 2.0% |
The Hon. Robert Rayne | Non-Executive Director | 15,259,449 | 16.6% |
Substantial Shareholdings
Following Admission, the Company can confirm the following substantial shareholders:
Name | Role | Shareholding | % of issued share capital |
Phillip Kaye | Substantial shareholder | 22,024,996 | 23.9% |
Michinoko Limited | Substantial shareholder | 15,708,296 | 17.1% |
11 October 2012
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