LUD Ludorum

 

TIDMLUD 
 
RNS Number : 7727O 
Ludorum PLC 
02 July 2010 
 

 
 LUDORUM PLC 
 2 July 2010 
LUDORUM PLC (the 'Company') 
Fundraising and Directors' Shareholdings 
The Company is pleased to announce that it has successfully raised GBP1.41 
million by way of a placing (the "Placing") of 470,000 new ordinary shares of 1p 
each ("Ordinary Shares") in the capital of the Company at 300p per Ordinary 
Share. The new Ordinary Shares were allotted on 2 July 2010. 
The funds raised will be used to finance the restructuring of a production cost 
recoupment arrangement with a trade partner, which the Board believes will be 
beneficial for the Company, and also for general working capital purposes.  This 
opportunity arose after the issue of the AGM circular and following the AGM the 
Board concluded that a placing of shares was the best way to finance this 
transaction. 
The new Ordinary Shares will rank pari passu in all respects with the existing 
issued ordinary share capital of the Company and application has been made for 
the admission to AIM of the new Ordinary Shares and trading is expected to 
commence on 8 July 2010. 
Following the Placing, the issued share capital of the Company will increase by 
5% to 9,830,001 Ordinary Shares. In accordance with the Disclosure and 
Transparency Rules, the Company confirms that its quoted issued share capital as 
at the date of this announcement comprises 9,830,001 Ordinary Shares. This 
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, the share capital of the Company under the 
Disclosure and Transparency Rules. 
Following the Placing, three of the directors of the Company increased their 
holdings of Ordinary Shares, as set out in the table below: 
+-------------------------------+-------------------------------+ 
| Director                      | Ordinary Shares acquired      | 
+-------------------------------+-------------------------------+ 
| Richard Rothkopf              | 38,334                        | 
+-------------------------------+-------------------------------+ 
| Robert Lawes                  | 60,000                        | 
+-------------------------------+-------------------------------+ 
| David Maloney                 | 5,000                         | 
+-------------------------------+-------------------------------+ 
The directors acquired their Ordinary Shares at a price of 300p per Ordinary 
Share. 
Following the Placing those directors will have the following interests in the 
issued share capital of the Company: 
+-----------+------------+-----------+----------------+--------------+ 
| Director  | Beneficial | % of      | Non-Beneficial | % of issued  | 
|           | Holding    | issued    | Holding        | share        | 
|           |            | share     |                | capital      | 
|           |            | capital   |                |              | 
+-----------+------------+-----------+----------------+--------------+ 
| Richard   | 723,180    | 7.36      | -              | -            | 
| Rothkopf  |            |           |                |              | 
+-----------+------------+-----------+----------------+--------------+ 
| Robert    | 1,075,511  | 10.94     | -              | -            | 
| Lawes     |            |           |                |              | 
+-----------+------------+-----------+----------------+--------------+ 
| David     | 55,847     | 0.57      | -              | -            | 
| Maloney   |            |           |                |              | 
+-----------+------------+-----------+----------------+--------------+ 
 
Related Party Transaction 
In addition, as part of the Placing, DC Thomson & Co Limited subscribed for 
133,333 Ordinary Shares at 300p per share.  This transaction is a related party 
transaction under the AIM rules.  Following the subscription, DC Thomson will 
have an interest in 1,807,809 Ordinary Shares (18.39% of the undiluted share 
capital). 
 
The Directors of Ludorum have approved the subscription of Ordinary Shares by DC 
Thomson and having consulted with the Company's nominated adviser, Investec Bank 
Plc, consider that the related party transaction is fair and reasonable so far 
as the shareholders of Ludorum are concerned. 
 
For further information please contact: 
Ludorum plc 
 Rob Lawes 
 Chief Executive 
 
 Tel: 020 8246 4010 
Investec Investment Banking 
 Nominated Adviser to the Company 
 Charles 
Batten/Erik Anderson 
Tel: 020 7597 4000 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ROIUUSVRRAABRAR 
 

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