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14 Aug 2014 07:00
AIM: KLN
14 August 2014
The Kellan Group PLC
("Kellan", the "Company" or "Group")
Issue of equity
Kellan announces that a total of 1,600,234 ordinary shares of 0.01 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 | 297,534 | 2 | 12,066,551 | 3.57 |
Don Hanson | 880,205 | 2 | 12,585,669 | 3.72 |
Application has been made to the London Stock Exchange for 1,600,234 Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 20 August 2014. 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 337,894,529 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)
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