Director/PDMR Shareholding

4 Nov 2005 07:00

4th November 2005 Totally plc ("Totally" or "the Company") Issue of warrants Totally Plc, the publishing and communications group which targets Jewishcommunities worldwide recently announced the launch of its new global datingportal, www.totallyjewishdating.com in a market estimated to be worth $25million per annum. To support and expedite the development of this newbusiness, the Company has extended its credit facility with Bank Hapoalim by afurther ‚£150,000. Dr Michael Sinclair and Grand Rabbi Y A Korff of Boston ("TheRebbe") and a third party shareholder, Leo Noƒ© (together "the guarantors") havegiven personal guarantees to the bank, in support of this extended facility,In addition, Steven Burns and another member of the senior management teamcontinue the deferral of certain 2003 salary payments totalling ‚£44,000 inaggregate.Daniel Assor, Shimon Cohen and Robin Morgan ("the Independent Directors") haveagreed, in recognition of the aforementioned personal guarantees provided bythe Guarantors and the salary deferrals, to grant 7,000,000 warrants, tosubscribe for ordinary shares of 1 pence each in the capital of the Company ata subscription price of 2p pence per share, exerciseable at any time up to 4thNovember, 2012 (the "Warrants"), to be granted to certain of the Directors inthe amounts set out in the table below:Proposed Warrant Holder Number of Warrants Dr Michael Sinclair 2,000,000 The Rebbe 2,000,000 Leo Noƒ© 2,000,000 Steven Burns 500,000The Independent Directors consider, having consulted with the Company'sNominated Adviser, John East & Partners Limited, that the terms of thetransaction are fair and reasonable insofar as the shareholders of Totally areconcerned.Enquiries: Totally plc Daniel Assor Tel: 020 7692 6929ENDTOTALLY PLC