Exercise of options
August 02 2007 - 1:43PM
UK Regulatory
RNS Number:4679B
International Nuclear Solutions PLC
02 August 2007
International Nuclear Solutions plc (the "Company" or "INS")
Exercise of options, directors dealings and Rule 2.10 announcement
Pursuant to the exercise of SAYE options on 2 August 2007, the Company confirms
that 166,018 new ordinary shares of 1p each ("New Shares") in INS were exercised
and allotted at a price of 38 pence per share.
The Company has today made application to the London Stock Exchange for the New
Shares to be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective on 8 August 2007.
As part of this option exercise, the following directors have exercised options
and have today subsequently accepted the Final Cash Offer of 63 pence per
ordinary share from Babcock International Group plc, announced on 19 June 2007,
in relation to these New Shares, as summarised below:
Director Number of options Resultant New Resultant holding Percentage of
exercised Shares sold of ordinary shares enlarged issued
share capital
Anthony Moore 7958 7958 0 0
Geoffrey Mellor 3183 3183 0 0
Stephen McGowan 7958 7958 0 0
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the
Company confirms that it has 63,206,392 ordinary shares of 1 pence each in
issue. The ISIN reference for these securities is GB00B12QZ964.
For further information, please contact:
International Nuclear Solutions plc
Geoff Mellor, Finance Director +44 (0) 161 777 2050
Collins Stewart Europe Limited
Chris Wells/Mark Connelly +44 (0) 207 523 8350
2 August 2007
This information is provided by RNS
The company news service from the London Stock Exchange
END
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