Hampden Underwriting Plc Acquisition & Total Voting Rights (6600N)
October 02 2012 - 2:00AM
UK Regulatory
TIDMHUW
RNS Number : 6600N
Hampden Underwriting Plc
02 October 2012
2 October 2012
Hampden Underwriting PLC
("Hampden Underwriting" or the "Company")
Acquisition of corporate member
Hampden Underwriting, which provides investors with a limited
liability direct investment into the Lloyd's insurance market,
announces that further to the announcement on 28 September 2012 of
its agreement to acquire Nameco (No. 917) Limited, it has received
the necessary regulatory approval and the acquisition has
completed.
Application has been made for the 1,113,572 new ordinary shares
issued as consideration for the acquisition to be admitted to
trading on AIM and this is expected to become effective on 5
October 2012. Following the issue of the new shares: (i) Nigel
Hanbury (a director of the Company) will be interested in 1,261,257
ordinary shares (representing 14.79% of the Company's enlarged
issued share capital); and (ii) the Company will have 8,526,948
ordinary shares in issue with each share carrying the right to one
vote. There are no shares held in treasury. The total number of
voting rights in the Company is therefore 8,526,948 and this figure
may be used by shareholders as the denominator for the calculations
by which they determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the Disclosure and Transparency Rules.
For further information please contact:
Hampden Underwriting Jeremy Evans 020 7863 6567
Smith & Williamson
Corporate Finance David Jones 020 7131 4000
This information is provided by RNS
The company news service from the London Stock Exchange
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