Exercise of Options
May 03 2007 - 4:45AM
UK Regulatory
RNS Number:0267W
Absolute Capital Mgmt Holdings Ltd
03 May 2007
Absolute Capital Management Holdings Limited
Exercise of Options and Transfer of Shares
Absolute Capital Management Holdings Limited (the "Company") announces that
Doyne Investments Limited ("Doyne") has exercised on 17 April 2007 options over
1,062,500 ordinary shares at a price of Euro0.24 per share. Doyne is owned by
First Tower Trustees Limited as trustee of the trust, of which the potential
beneficiaries include Sean Ewing.
Application will be made for the new shares, which rank pari passu in all
respects with the existing shares, to be admitted to trading on AIM. The total
number of shares in issue following the exercise of options is 68,300,000.
The Company was further notified by Doyne on 17 April 2007 that immediately
following the issue to it of the 1,062,500 ordinary shares, Doyne has agreed to
transfer 48,780 shares to a third party at a price per share of 165.5p pursuant
to an agreement entered into prior to flotation of the Company.
Following the exercise of options and the subsequent transfer of shares, Doyne's
holding in the Company is 4,550,279 shares, representing 6.7 per cent. of the
issued share capital of the Company.
Enquiries
Absolute Capital Sean Ewing, Chairman and CEO T: 020 7659 6155
Panmure Gordon Dominic Morley T: 020 7459 3600
Cardew Group Tim Robertson T: 020 7930 0777
Shan Shan Willenbrock
David Roach
This information is provided by RNS
The company news service from the London Stock Exchange
END
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