Additional Listing
March 26 2010 - 2:02PM
UK Regulatory
TIDMGLI
RNS Number : 3017J
Glisten PLC
26 March 2010
Glisten plc (the "Company" or "Glisten")
Additional Listing
The Board has been notified today that under The Glisten Plc 2002 Executive
Share Option Scheme (the "Executive Scheme") 181,000 new ordinary shares have
been acquired in the Company by Paul Simmonds, CEO of Glisten plc at a price of
12.5 pence per share as a result of the exercise of options granted to him under
the Executive Scheme on 12 June 2002.
This exercise was contemplated in the scheme of arrangement circular
("Circular") dated 17 February 2010 and the resulting shares will be acquired by
Raisio UK Ltd at a price of 140 pence each pursuant to an exchange deed dated 9
February 2010 between, inter alia, Paul Simmonds and Raisio UK Ltd, conditional
on the scheme of arrangement detailed in the Circular becoming effective.
In addition a number of employees exercised options under The Glisten Plc 2002
Share Option Scheme (the "Scheme") over 1,600 new ordinary shares at a price of
80 pence per share as a result of the exercise of options granted to them under
the Scheme on 8 July 2002.
Accordingly, application has been made for 182,600 new ordinary shares to be
admitted to trading on AIM on 1 April 2010.
Following this purchase Mr Simmonds has a holding of 1,184,717 ordinary shares
amounting to 8.3% of the Company's current issued share capital and remaining
options over 244,508 ordinary shares.
Following this, the number of Glisten shares in issue is 14,335,216. The ISIN
code of the shares is GB0031734717.
26 March 2010
This information is provided by RNS
The company news service from the London Stock Exchange
END
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