5 Jan 2012 15:00
THE WEATHER LOTTERY PLC
("TWL" or the "Company")
Issue of Equity, Total Voting Rights, Update on Confiscation Order and Notice of Annual General Meeting
5 January 2012
Issue of equity
Further to the announcements made on 21 April 2011 and 20 September 2011, the Company has received a subscription for new ordinary 0.1p shares ("Ordinary Shares") from John Botros for £25,000 at 0.5625p per share, completing the equity fundraising announced on 21 April 2011 (the "Subscription"). Following the issue of 4,444,444 new Ordinary Shares under the subscription, Mr Botros will be interested in a total of 25,776,867 Ordinary Shares, equivalent to 6.40% of the share capital of the Company as enlarged by the Subscription. This includes 21,021,112 Ordinary Shares as trustee for the Second Trinity Trust, equivalent to 5.22% of the share capital of the Company as enlarged by the Subscription.
Following the Subscription, the Company will have a total of 402,627,159 Ordinary Shares in issue.
Total Voting Rights
In accordance with the Financial Services Authority's Disclosure and Transparency Rules, the Company hereby announces that it has 402,627,159 Ordinary Shares ordinary shares of 0.1p each ("Ordinary Shares"), with each Ordinary Share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury.
The above figure of 402,627,159 Ordinary Shares 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 to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.
Update on Confiscation Order Against Former Director
Further to the announcement made on 5 December 2011, the 4,333,333 Ordinary Shares in the Company (equivalent to 1.08% of the share capital of the Company as enlarged by the Subscription) that were held by former director Keith Millhench have been transferred under a court order into trust for the sole benefit of the Company, and are held for disposal at the discretion of the Board sometime before the end of April 2012. John Botros, the Company Secretary, is acting as trustee for these Ordinary Shares.
Notice of Annual General Meeting
The Company has today posted its Annual Report and Accounts and notice of its Annual General Meeting ("AGM") to shareholders; a copy of both will also be posted on the Company's website (www.weatherfunds.co.uk). The AGM will be held at the offices of Harrison Clark solicitors, 5 Deansway, Worcester on 30 January 2012 at 12.00 midday.
For further information please contact:
The Weather Lottery plc
John Botros (Company Secretary) 07714 209 346
Andrew Flitcroft (Finance Director) 07769 591 096
Allenby Capital Limited (Nomad and Broker)
Nick Harriss/James Reeve/Nick Athanas 020 3328 5656
SVS Securities plc (Broker)
Ian Callaway 020 7638 5600
Greycoat Communications (PR)
Andrew Marshall 07785 297 111