12 Aug 2008 10:51
Omega Diagnostics Group PLC
12 August 2008
Omega Diagnostics Group PLC ("the Company")
Issue of Equity / Directors' Dealings / Total Voting Rights
Omega Diagnostics Group PLC announces that it has allotted a total of 757,213 new ordinary shares of 4p each (the "Earn Out Shares"), being deferred consideration pursuant to an agreement entered into between the Company (then known as Quintessentially English Plc), Andrew Shepherd, Kieron Harbinson, Scottish Enterprise and Julie Anne Monks Shepherd on 23 August 2006 for the purchase of the entire issued share capital of Omega Diagnostics Limited (the "Acquisition Agreement").
The total earn out due to the vendors of Omega Diagnostics Limited under the Acquisition Agreement was determined to be £605,772. This has been satisfied by the allotment of the Earn Out Shares at a notional price of 80p per Earn Out Share. The Earn Out Shares have been allotted as follows:
| Shareholder | No. of Earn Out Shares Allotted |
| Andrew Shepherd | 401,133 |
| Scottish Enterprise | 226,540 |
| Julie Monks-Shepherd | 110,106 |
| Kieron Harbinson | 19,434 |
Andrew Shepherd and Kieron Harbinson are Directors of the Company and their resultant holdings of ordinary shares of 4p each in the Company ("Ordinary Shares") are as follows:
| Shareholder | Previous holding of Ordinary Shares | No. of Earn Out Shares allotted | New holding of Ordinary Shares | % Revised issued share capital |
| Andrew Shepherd | 918,697 | 401,133 | 1,319,830 | 8.44% |
| Kieron Harbinson | 38,883 | 19,434 | 58,317 | 0.37% |
The Earn Out Shares will rank equally with the existing Ordinary Shares of the Company. Application has been made for the Earn Out Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on 18 August 2008.
Following Admission the total number of Ordinary Shares in issue will be 15,632,907. There are no Ordinary Shares held in treasury, and therefore the total number of Ordinary Shares with voting rights in the Company will be 15,632,907.
The above figure of 15,632,907 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
Contacts:
Omega Diagnostics Group PLC
Tel: 01259 763030
Andrew Shepherd, Chief Executive
Kieron Harbinson, Finance Director
www.omegadiagnostics.com
Landsbanki Securities (UK) Limited
Nominated Adviser & Broker
Jeff Keating / Simon Brown
Tel: 020 7426 9000
Parkgreen Communications Limited
Ben Knowles
T. 020 7933 8788
Mob. 07900 346 978
Ben.knowles@parkgreenmedia.com
ODX.L (ODX)