12 Oct 2010 14:49
12 October 2010
NORTHBRIDGE INDUSTRIAL SERVICES PLC
("Northbridge" or "the Company")
Director's interest
Northbridge Industrial Services plc, the industrial services and rental company, announces that on 11 October 2010, 33,750 ordinary shares of 10p each ("Ordinary Shares") were issued to Eric Hook, Chief Executive Officer of the Company, following the exercise of options under the Company's unapproved option agreement dated 22 June 2006, at an exercise price of 100.64p per share. Following this transaction, Eric Hook has an interest in the Company of 300,000 Ordinary Shares, representing approximately 1.96% of the enlarged issued share capital of the Company.
Application will be made for the 33,750 Ordinary Shares to be admitted to AIM, with trading expected to commence on 18 October 2010 ("Admission"). Upon Admission, the new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.
After Admission, the Company will have 15,470,055 Ordinary Shares in issue, including 152,150 Ordinary Shares held in treasury.
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About Northbridge: Northbridge Industrial Services Plc was incorporated for the purpose of acquiring companies that hire and sell specialist industrial equipment supplying a non-cyclical customer base including utility companies, the public sector and the oil and gas industries. In particular it will seek to acquire specialist businesses that have the potential for expansion into complete outsourcing providers. |
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