22 Mar 2012 16:23
22 March 2012
Director's interest following issuance of consideration shares in relation to the Related Party Acquisition of WADI Properties Limited
Subsequent to the admission to trading of 5,399,742 Ordinary Shares of 10p issued to W.A. Developments International Limited, a company ultimately owned by William Andrew Tinkler and William Stobart, in relation to the Related Party Acquisition of WADI Properties Limited by Stobart Group Limited ("Stobart" or the "Group") on 28 February 2012, it is confirmed that William Andrew Tinkler and William Stobart's interest in Stobart has changed as follows:
Position before admission to trading of 5,399,742 consideration shares of 10p
NAME | NUMBER OF SHARES | % OF ISSUED SHARE CAPITAL |
William Andrew Tinkler | 28,479,759 | 8.17 |
William Stobart | 9,971,482 | 2.86 |
TOTAL | 38,451,241 | 11.03 |
Position after admission to trading of 5,399,742 consideration shares of 10p
NAME | NUMBER OF SHARES | % OF ISSUED SHARE CAPITAL |
William Andrew Tinkler | 28,479,759 | 8.05 |
William Stobart | 9,971,482 | 2.82 |
W.A. Developments International | 5,399,742 | 1.53 |
TOTAL | 43,850,983 | 12.39 |
Following the issue of consideration shares and recent share buybacks the total issued share capital of Stobart is 349,000,357. William Stobart is interested in 11,429,412 Ordinary Shares representing 3.27% of the issued share capital of Stobart and William Andrew Tinkler is interested in 32,421,571 Ordinary Shares representing 9.29% of the issued share capital of Stobart.
For further information contact:
Stobart Group
Rodney Baker-Bates, Non-Executive Chairman +44 1925 605 400
Investec
Patrick Robb/Rowena Murray +44 20 7597 4000
i-nfluence
Stuart Dyble/James Andrew +44 20 7287 9610
Square 1 Consulting
David Bick/Mark Longson +44 20 7929 5599
Terms defined in the Circular have the same meaning in this announcement, unless the context requires otherwise.