CMG Croma Grp

 

TIDMCMG 
 
RNS Number : 5997C 
Croma Group PLC 
16 November 2009 
 

Croma Group PLC 
 
 
Issue of equity and directors' dealings 
 
 
The Board of Croma Group PLC ("Croma" or the "Company") announces that, on 16 
November 2009, it issued and allotted 6,500,000 new ordinary shares of 0.1 pence 
each ("New Ordinary Shares") (representing approximately 3.66 per cent. of the 
current issued share capital of the Company) at a price of 2.0 pence per share 
(the "Subscription Price"), to directors raising GBP130,000 (before expenses) 
pursuant to a subscription. The net subscription proceeds will be used for the 
repayment of debt. 
 
 
The New Ordinary Shares are being subscribed for under existing authorities to 
issue and allot shares. 
 
 
Application has been made to the London Stock Exchange for the 6,500,000 New 
Ordinary Shares to be admitted to trading on AIM and it is expected that 
dealings will commence on or around 20 November 2009. 
 
 
Directors' dealings 
 
 
Pursuant to the subscription, Sebastian Morley, a director of the Company, has 
subscribed for 2,500,000 New Ordinary Shares at the Subscription Price. 
Following this transaction, Sebastian Morley's beneficial interest in the 
Company is 21,028,634 ordinary shares, representing approximately 11.44 per 
cent. of the enlarged issued share capital of the Company. 
 
 
Gerald McGill, a director of the Company, has subscribed for 500,000 New 
Ordinary Shares at the Subscription Price pursuant to the subscription. 
Following this transaction, Gerald McGill's beneficial interest in the Company 
is 1,250,000 ordinary shares, representing approximately 0.68 per cent. of the 
enlarged issued share capital of the Company. 
 
 
James Sullivan, a director of the Company, has subscribed for 1,000,000 New 
Ordinary Shares at the Subscription Price pursuant to the subscription. 
Following this transaction, James Sullivan's beneficial interest in the Company 
is 1,000,000 ordinary shares, representing approximately 0.54 per cent. of the 
enlarged issued share capital of the Company. 
 
 
Furthermore, Nicholas Hewson, a director of the Company, has subscribed for 
2,500,000 New Ordinary Shares at the Subscription Price pursuant to the 
subscription. Following this transaction, Nicholas Hewson's beneficial interest 
in the Company is 6,354,342 ordinary shares, representing approximately 3.46 per 
cent. of the enlarged issued share capital of the Company. 
 
 
Total Voting Rights 
 
 
In accordance with FSA's Disclosure and Transparency Rules, the Company advises 
that its increased issued share capital comprises 183,883,964 ordinary shares of 
0.1 pence each. The voting rights of all of these shares are identical with each 
share carrying the right to one vote. The Company holds no ordinary shares in 
Treasury. The above figure 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, Croma Group Plc under the 
Disclosure and Transparency Rules. 
 
 
For further information contact: 
 
 
+------------------------------------+------------------------------------+ 
| Croma Group PLC:                   |                                    | 
+------------------------------------+------------------------------------+ 
| Sebastian Morley, CEO              | Tel: 07768 006909                  | 
+------------------------------------+------------------------------------+ 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| Brewin Dolphin:                    |                                    | 
+------------------------------------+------------------------------------+ 
| Sandy Fraser, Managing Director -  | Tel: 0845 213 2072                 | 
| Corporate Finance (NOMAD)          |                                    | 
+------------------------------------+------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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