Issue of Shares

26 Jun 2007 16:21

Omega Insurance Holdings Limited26 June 2007 OMEGA INSURANCE HOLDINGS LIMITED Issue of shares to Non-Executive Directors The Company will apply for 99,040 new common shares of US$0.10 each in theCompany to be admitted to AIM and admission of the new shares is expected tooccur shortly. The new shares have been issued pursuant to the decision of theBoard of Directors to pay a proportion of the remuneration of the non-executiveDirectors in equity and the decision to issue 25,000 new common shares to anon-executive director of a subsidiary of the Company. The issue of new shareswas approved by the Board of Directors on 25 June 2007. New shares were issued to the non-executive Directors of the Company on 25 June2007 at a price of £1.57 per share, fully paid up, as follows: Name of non-executive Director Number of shares issued Total number of shares held and allotted following this notification Walter Fiederowicz 30,253 206,660 Christopher Clarke 12,738 37,738 Clifford Palmer 18,311 18,311 Nicholas Warren 12,738 12,738 As previously notified to the Company, Walter Fiederowicz is the registeredholder of 176,407 common shares of US$0.10 each in the capital of the Company.Following the allotment of 30,253 common shares of US$0.10 each referred toabove, Walter Fiederowicz is interested in aggregate in 206,660 common shares ofUS$0.10 each in the capital of the Company, representing 0.14% of the Company'sissued share capital as at 25 June 2007. As previously notified to the Company, Christopher Clarke is the registeredholder of 25,000 common shares of US$0.10 each in the capital of the Company.Following the allotment of 12,738 common shares of US$0.10 each referred toabove, Christopher Clarke is interested in aggregate in 37,738 common shares ofUS$0.10 each in the capital of the Company, representing 0.03% of the Company'sissued share capital as at 25 June 2007. Following the allotment of 18,311 common shares of US$0.10 each referred toabove, Clifford Palmer is interested in aggregate in 18,311 common shares ofUS$0.10 each in the capital of the Company, representing 0.01% of the Company'sissued share capital as at 25 June 2007. Following the allotment of 12,738 common shares of US$0.10 each referred toabove, Nicholas Warren is interested in aggregate in 12,738 common shares ofUS$0.10 each in the capital of the Company, representing 0.01% of the Company'sissued share capital as at 25 June 2007. Following the issue of the new shares, the Company's issued share capitalconsists of 147,581,010 common shares. Enquiries: Malcolm Mitchell, Company Secretary +1 441 299 4984Jeremy Gorman, Assistant Company Secretary +44 (0)20 7935 0027John Coles, Threadneedle Communications +44 (0)20 7936 9604 - Ends - This information is provided by RNS The company news service from the London Stock Exchange