27 Dec 2013 07:00

27 December 2013
Eco City Vehicles PLC
("ECV" or "the Company")
Application for admission of securities
The Company announces that application has been made for the admission of 2,133,334 ordinary shares of 1p each in the Company ("New Ordinary Shares") to be admitted to trading on AIM.
The shares will be issued in satisfaction of non-executive directors' fees payable to John Swingewood, and will rank pari passu with the existing ordinary shares. Further to the announcement of 7 September 2012 shares will be issued at a price of 1.5p each in respect of fees to 31 August 2013, amounting to 1,508,943 New Ordinary Shares. For the period from 1 September 2013 until 11 November 2013 the shares will be issued at a price of 1.8p each, being the market price prevailing at 11 November 2013. This amounts to 624,391 New Ordinary Shares. The agreement to issue shares in satisfaction of John Swingewood's non-executive directors' fees has been extended to 31 March 2014, with a price of 1.8p per share applicable for the extended period.
It is expected that admission will occur at 8.00 a.m. on 2 January 2014.
Following the issue of these shares, John Swingewood's shareholding will increase to 12,436,667 ordinary shares of 1p each in the Company, representing 2.6% of the Company. The total number of voting rights in the Company's ordinary shares will be 471,336,521.
Enquiries:
Eco City Vehicles plc | +44 20 7377 2182Â |
Trevor Parker, Chief Executive Officer | |
Jonathan Moritz, Finance Director | |
 | |
Numis Securities Limited | +44 20 7260 1000 |
Stuart Skinner (Nominated Adviser) | |
David Poutney (Corporate Broker) | |
 | |
Luther Pendragon | +44 20 7618 9100 |
Neil Thapar, Alexis Gore |
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