20 Feb 2015 16:30
AIM: KLN
20 February 2015
The Kellan Group PLC
("Kellan", the "Company" or "Group")
Issue of equity
Kellan announces that a total of 1,750,532 ordinary shares of 0.1 pence each in the Company ('Ordinary Shares') have been issued to certain existing shareholders of the Company in satisfaction of interest due on the Company's 2015 convertible loan notes.
Changes in discloseable interests are as follows:
Shareholder |
Ordinary Shares issued | Price paid (p) |
Shareholding immediately following Admission | Percentage of enlarged issued share capital |
James McHugh | 325,478 | 2 | 12,392,029 | 3.65 |
Adam & Company Nominees | 962,876 | 2 | 13,548,545 | 3.99 |
Application has been made to the London Stock Exchange for 1,750,532 Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 26 February 2015. These shares will rank pari passu in all respects with the existing issued Ordinary Shares in the Company. The total issued share capital of Kellan following admission will be 339,645,061 Ordinary Shares.
ENQUIRIES:
The Kellan Group PLC | |
Tony Reeves, Executive Chairman Rakesh Kirpalani, Group Finance Director | Tel: 020 7268 6200 |
Sanlam Securities UK Limited | |
David Worlidge / James Thomas | Tel: 020 7628 2200 |
Kellan Group (KLN)