Starvest PLC Issue of Equity, TVR and Directors' Holdings (4092F)
May 17 2017 - 4:46AM
UK Regulatory
TIDMSVE
RNS Number : 4092F
Starvest PLC
17 May 2017
17 May 2017
Starvest Plc ("Starvest" or "the Company")
Issue of Equity, Total Voting Rights and Directors' Holdings
The Company is pleased to announce that it has resolved to issue
a total of 754,717 new Ordinary shares of GBP0.01 in the Company
("Ordinary Shares") at a price of 2.12p per Ordinary Share as
follows to its directors in lieu of a proportion of fees for the
three months ended 31 March 2017. The issue of new Ordinary Shares
to directors is in accordance with the Company's enhanced focus on
limiting the outflow of cash from the business, thereby preserving
cash for investment opportunities as they present themselves.
The following table shows the number of new Ordinary Shares
issued and their resultant total holdings:
Shareholder/Director Number of Interest % of enlarged
name ordinary in enlarged share capital
shares issued issued share
capital
Callum N Baxter 471,698 3,707,570 7.01%
Gemma Cryan 70,755 645,755 1.22%
John Watkins
* 212,264 2,575,143 4.87%
* Includes 1,200,000 ordinary shares held by his wife, Mrs Diane
Mary Watkins.
Application will be made for the new shares to be admitted to
trading on AIM with admission expected to take place on, or around,
24 May 2017.
Following admission, the Company's enlarged share capital will
comprise 52,898,163 Ordinary Shares. Therefore the total number of
Ordinary Shares with voting rights is 52,898,163. 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 Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Callum N Baxter
Chairman & Chief Executive
17 May 2017
Enquiries to:
Starvest PLC
Callum Baxter Chairman/CEO 07922 255 933
cbaxter@starvest.co.uk
John Watkins Finance Director 07768 512 404
jwatkins@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson or Harrison Clarke 02073 835 100
SI Capital Ltd (Appointed Broker)
Nick Emerson or Andy Thacker 01483 413 500
The following disclosure is made in accordance with Article 19
of the EU Market Abuse Regulation 596/2014.
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------------
a) Name Callum Baxter
---- ------------------------- ------------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------
a) Position/status Chairman and CEO
---- ------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- ------------------------- ------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ---------------------------------------------------------------------
a) Name Starvest Plc
---- ------------------------- ------------------------------------------
b) LEI 2138002RU77NWA794295
---- ------------------------- ------------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ---------------------------------------------------------------------
a) Description of Ordinary Shares of 1.0p each
the financial
instrument, type
of instrument
----
Identification ISIN: GB0009619817
code
b) Nature of the Participation in Fundraise
transaction
---- ------------------------- ------------------------------------------
c) Price(s) and Name Price(s) Volume(s)
volume(s) --------------- --------- ----------
Callum Baxter 2.12p 471,698
--------------- --------- ----------
---- ----------------------------------------
d) Aggregated information
----
- Aggregated
volume 471,698
- Price 2.12 pence
e) Date of the transaction 17 May 2017
---- ------------------------- ------------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------- ------------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- --------------------------------------------------------------------
a) Name John Watkins
---- ------------------------- -----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Finance Director
---- ------------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
---- ------------------------- -----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- --------------------------------------------------------------------
a) Name Starvest Plc
---- ------------------------- -----------------------------------------
b) LEI 2138002RU77NWA794295
---- ------------------------- -----------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- --------------------------------------------------------------------
a) Description of Ordinary Shares of 1.0p each
the financial
instrument, type
of instrument
----
Identification ISIN: GB0009619817
code
b) Nature of the Participation in Fundraise
transaction
---- ------------------------- -----------------------------------------
c) Price(s) and Name Price(s) Volume(s)
volume(s) -------------- --------- ----------
John Watkins 2.12p 212,264
-------------- --------- ----------
---- ---------------------------------------
d) Aggregated information
----
- Aggregated
volume 212,264
- Price 2.12 pence
e) Date of the transaction 17 May 2017
---- ------------------------- -----------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------- -----------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -------------------------------------------------------------------
a) Name Gemma Cryan
---- ------------------------- ----------------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------
a) Position/status Non-Executive Director
---- ------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
---- ------------------------- ----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -------------------------------------------------------------------
a) Name Starvest Plc
---- ------------------------- ----------------------------------------
b) LEI 2138002RU77NWA794295
---- ------------------------- ----------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- -------------------------------------------------------------------
a) Description of Ordinary Shares of 1.0p each
the financial
instrument, type
of instrument
----
Identification ISIN: GB0009619817
code
b) Nature of the Participation in Fundraise
transaction
---- ------------------------- ----------------------------------------
c) Price(s) and Name Price(s) Volume(s)
volume(s) ------------- --------- ----------
Gemma Cryan 2.12p 70,755
------------- --------- ----------
---- --------------------------------------
d) Aggregated information
----
- Aggregated
volume 70,755
- Price 2.12 pence
e) Date of the transaction 17 May 2017
---- ------------------------- ----------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEGIGDUSXBBGRR
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