Produce Investments PLC Blocklisting Update (2459S)
June 22 2018 - 5:09AM
UK Regulatory
TIDMPIL
RNS Number : 2459S
Produce Investments PLC
22 June 2018
PRODUCE INVESTMENTS PLC
("Produce," "Company" or the "Group")
Blocklisting Update
Produce Investments plc, (AIM:PIL) ("Produce," "Company" or the
"Group"), a leading operator in the fresh potato and daffodil
sectors, sets out below a final interim review of its blocklisting
of 1,500,000 ordinary shares of 1 pence each ("Ordinary Shares")
which was announced on 15 March 2011 (the "Blocklisting"). The
Company also confirms that no further Ordinary Shares will now be
allotted pursuant to this Blocklisting and this Blocklisting is
hereby cancelled.
Name of applicant: Produce Investments plc
-------------------------------------------------------------- ------------------------------------------------------
Name of scheme: Produce Investments plc Company Share Option Plan
-------------------------------------------------------------- ------------------------------------------------------
Period of return: From: 30 June 2017 To: 21 June 2018
-------------------------------------- ---------------------- ---------------------- ------- ---------------------
Balance under scheme from previous return: 268,283 Ordinary Shares
-------------------------------------------------------------- ------------------------------------------------------
The amount by which the block scheme has been increased, if N/A
the scheme has been increased
since the date of the last return:
-------------------------------------------------------------- ------------------------------------------------------
Number of securities issued/allotted under scheme during 221,286 Ordinary Shares
period:
-------------------------------------------------------------- ------------------------------------------------------
Balance under scheme not yet issued/allotted at end of period 46,997 Ordinary Shares
-------------------------------------------------------------- ------------------------------------------------------
Number and class of securities originally listed and the date 1,500,000 Ordinary Shares on 18 March 2011
of admission
-------------------------------------------------------------- ------------------------------------------------------
Total number of securities in issue at the end of the period 27,333,914 Ordinary Shares
-------------------------------------------------------------- ------------------------------------------------------
IMPORTANT NOTE: This is the final return for this Blocklisting. No further shares will be
allotted pursuant to this Blocklisting.
----------------------------------------------------------------------------------------------------------------------
In addition, the Company announces that it has made an
application to the London Stock Exchange for a new blocklisting of
2,000,000 Ordinary Shares ("New Ordinary Shares").
The New Ordinary Shares will be issued from time to time
pursuant to the exercise of employee share options under the
Company Share Option Plan, Senior Executive Incentive Plan, the
Long-Term Incentive Plan and the Save As You Earn Scheme.
On exercise these shares will be issued credited as fully paid
and will rank pari passu with the existing Ordinary Shares in
issue. It is expected that the blocklisting will become effective
on 27 June 2018.
For further information contact:
Produce Investments plc
Angus Armstrong +44 (0) 1733 372
Jonathan Lamont 515
Shore Capital (Nomad)
Stephane Auton / Patrick +44 (0) 20 7408
Castle 4090
Powerscourt
Nick Dibden
Jana Tsiligiannis +44 (0) 20 7250
produce@powerscourt-group.com 1446
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END
BLREANKAAEXPEEF
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June 22, 2018 05:09 ET (09:09 GMT)
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