Hacas Group PLC - Additional Listing, etc.
September 16 1998 - 12:54PM
UK Regulatory
RNS No 0841f
HACAS GROUP PLC
16th September 1998
EXERCISE OF OPTIONS AND
ADMISSION OF NEW SHARES TO LISTING
In accordance with the General Industries prospectus dated 17 July 1998, the
directors and ex-directors of HACAS Group Plc intend to exercise all their
3,268,014 options which were granted pursuant to the Company's original
employee share scheme established in December 1997. In addition Peel, Hunt &
Company Limited will exercise its option to acquire 80,000 shares. It is
intended that exercise of all options will occur on 21 September 1998.
2,048,014 of these options will be converted into ordinary fully paid shares
which have been provisionally placed and which will rank pari passu in all
respects with the existing ordinary shares on Admission. The balance of
1,300,000 options will be converted into nil paid ordinary shares which, until
they become fully paid, will not rank pari passu with the existing ordinary
shares and will have no entitlement to dividends.
Admission of the fully paid ordinary shares is expected to take place on 21
September 1998.
END
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