Revised placing (1305S)

TIDMCSS

RNS Number : 1305S

CSS Stellar PLC

15 November 2011

 
 For Immediate Release   15 November 2011

CSS Stellar plc

("the Company")

Revised placing

With reference to the placing announced on 4 November 2011, application has been made for 23.6 million new ordinary shares of 1p each ("the Placing Shares") to be admitted to trading on AIM ("the Revised Placing"). The Revised Placing will raise GBP295,000 and is in substitution for the previously announced amount of 25 million shares conditionally placed to raise GBP312,500.

Dealings in the Placing Shares are expected to commence on 16 November 2011 ("Admission"). Following Admission, there will be 52,576,581 ordinary shares in issue. The Company holds 232 ordinary shares as treasury shares. Therefore, the total number of voting rights in the Company is 52,576,349. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

Interests in shares

John Webber, a Director, has subscribed for 2.4 million shares in the Revised Placing.

Following the issue and allotment of the Placing Shares and Admission, the interests of the Directors and those shareholders who are interested, where known, in 3% or more of the issued share capital of the Company will be as follows:

 
 Directors                                                       % 
--------------------------------  -------------------------------- 
 Julian Jakobi                                   10.1 
 John Webber                                     10.3 
 David Lenigas                                   3.0 
 Donald Strang                                   3.0 
--------------------------------  -------------------------------- 
 Others                                                          % 
--------------------------------  -------------------------------- 
 Nick Gold                                       10.1 
 Amberdays Limited                               8.4 
 Green Hair Services Limited                     5.3 
 Alphagen Fund Volantis Limited                  3.2 
 Eastland Investments Limited                    3.0 
 Narrowsburg Holdings Limited                    3.0 
--------------------------------  --------------------------------

For further information, contact:

 
 CSS Stellar plc 
-----------------------------------  -------------------- 
 Julian Jakobi                        Tel: 020 7535 7225 
  David Lenigas                        Tel: 020 7440 0640 
  Donald Strang                        Tel: 020 7440 0640 
-----------------------------------  -------------------- 
 Northland Capital Partners Limited 
  (Nominated Adviser and Broker) 
-----------------------------------  -------------------- 
 Luke Cairns / Edward Hutton          Tel: 020 7796 8800 
-----------------------------------  --------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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