Starvest PLC Issue of Equity and Directors' Holdings (9212I)
April 06 2020 - 7:13AM
UK Regulatory
TIDMSVE
RNS Number : 9212I
Starvest PLC
06 April 2020
06 April 2020
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 1,107,057 new Ordinary shares of GBP0.01 in the Company
("Ordinary Shares") at a price of 4.25p per Ordinary Share as
follows to two of its directors in lieu of fees for Q2, Q3 and Q4
2019 and Q1 2020. The issue of new Ordinary Shares to directors is
in accordance with the Company's 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 ordinary Interest in % of enlarged
name shares issued enlarged issued share capital
share capital
Callum N Baxter 894,117 7,178,519 12.59
Gemma Cryan 212,940 1,162,884 2.04
Application will be made for the new shares to be admitted to
trading on AIM with admission expected to take place on, or around,
14 April 2020.
Following admission, the Company's enlarged share capital will
comprise 57,034,889 Ordinary Shares. No shares are held in
Treasury. Therefore, the total number of Ordinary Shares with
voting rights is 57,034,889. 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
06 April 2020
Enquiries to:
Starvest PLC
Callum Baxter or Gemma Cryan 02077 696 876
info@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson, Harrison Clarke or Seamus Fricker 02073 835
100
SI Capital Ltd (Broker)
Nick Emerson or Alan Gunn 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 the Ordinary Shares of 1.0p each
financial instrument,
type of instrument
Identification code ISIN: GB0009619817
b) Nature of the transaction Participation in Fundraise
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Name Price(s) Volume(s)
Callum Baxter 4.25 894,117
--------- ----------
----------------------------------------
d) Aggregated information
- Aggregated volume
- Price 4.25 pence
e) Date of the transaction 06 April 2020
-------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gemma Cryan
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status 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 the Ordinary Shares of 1.0p each
financial instrument,
type of instrument
Identification code ISIN: GB0009619817
b) Nature of the transaction Participation in Fundraise
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Name Price(s) Volume(s)
Gemma Cryan 4.25p 212,940
--------- ----------
--------------------------------------
d) Aggregated information
- Aggregated volume
- Price 4.25 pence
e) Date of the transaction 06 April 2020
--------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCUNAARRAUSRAR
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