5 Apr 2011 18:00
05 April 2011
Volvere plc ("Volvere" or the "Company")
Directors' Dealings
Volvere announces that, further to notice received from Jonathan Lander, CEO, and Nick Lander, COO and CFO, on 5 April 2011, it has allotted 320,630 new ordinary shares of GBP0.0000001 each ("Shares") arising upon the conversion of 32,729 A shares of GBP0.49999995 each and 32,729 B shares of GBP0.49999995 each (the "Conversion"), as follows:
Director | A Shares | B Shares | Resultant holding in Volvere | |
Jonathan Lander | 18,235 | 18,235 | 753,677 Shares | 13.0% |
Nick Lander | 14,494 | 14,494 | 458,277 Shares | 7.9% |
This Conversion represents the entire holding of A shares and B shares of Jonathan Lander and Nick Lander.
Application will be made for admission of the new ordinary shares to trading on AIM ("Admission"). Admission is expected to take place on 12 April 2011.
Following the above Conversion, the number of Shares in issue (excluding treasury shares), and the figure to be used as the denominator for calculations of interests in the Company's total voting rights, is 5,796,930 Shares. The Company also has in issue 8,438 A shares of GBP0.49999995 each, 8,438 B shares of GBP0.49999995 each and 4,156,195,517,138 Deferred shares, none of which are admitted to trading on AIM.
For further information contact:
Volvere plc 020 7634 9707
Jonathan Lander, CEO
Nick Lander, COO
Arbuthnot Securities 020 7012 2000
Nick Tulloch
Ben Wells
ENDS
Volvere (VLE)