Digital Barriers plc Incentive Shares and Total Voting Rights (6161V)
December 16 2013 - 5:54AM
UK Regulatory
TIDMDGB
RNS Number : 6161V
Digital Barriers plc
16 December 2013
16 December 2013
Digital Barriers plc
("Digital Barriers" or the "Company")
Notification of conversion of Incentive Shares by Directors and
Total Voting Rights
Digital Barriers plc (AIM: DGB), the specialist provider of
advanced surveillance technologies to the security and defence
sectors, announces that Tom Black, Colin Evans and Zak Doffman (the
"Founding Executive Directors") requested, on Friday 13 December
2013, that their initial tranche of Incentive Shares be converted
into new ordinary shares of one penny each ("Ordinary Shares") in
accordance with the provisions relating to the Incentive Shares as
detailed in the articles of association (the "Articles") of the
Company.
Accordingly, 25% of the Incentive Shares held by each of the
Founding Executive Directors have been surrendered and converted
into new Ordinary Shares as detailed below (the "Conversion").
It is anticipated that the new Ordinary Shares will be admitted
to trading on AIM on 20 December 2013. Following admission of the
new Ordinary Shares issued pursuant to the Conversion, the
interests of the Founding Executive Directors, including the new
Ordinary Shares issued following the conversion, are as
follows:
PERCENTAGE
NUMBER OF INCENTIVE OF ISSUED
SHARES HELD NUMBER OF NUMBER OF ORDINARY ORDINARY
FOLLOWING CONVERSION ORDINARY SHARES HELD FOLLOWING SHARES
SHARES ACQUIRED CONVERSION HELD
------------- ----------------------- ----------------- ----------------------- -----------
Tom Black 81,562 141,356 4,244,428 6.57
------------- ----------------------- ----------------- ----------------------- -----------
Colin Evans 40,781 70,678 693,839 1.07
------------- ----------------------- ----------------- ----------------------- -----------
Zak Doffman 40,781 70,678 665,077 1.03
------------- ----------------------- ----------------- ----------------------- -----------
The total number of Ordinary Shares in issue with voting rights
following the Conversion is 64,624,616.
No Ordinary Shares are held in treasury.
The above figure of 64,624,616 Ordinary Shares in the Company
carrying voting rights 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 FCA's Disclosure and Transparency
Rules.
Full details of the provisions relating to the Incentive Shares
are contained in the Company's Articles which are available on the
Company's website.
For further information, please contact:
Digital Barriers plc Tel: 020 7940 4740
Tom Black, Executive Chairman
Colin Evans, Managing Director
Investec Investment Banking Tel: 020 7597 5970
Andrew Pinder/ Dominic Emery
FTI Consulting Tel: 020 7831 3113
Edward Bridges/ Matt Dixon/ Elodie Castagna
About Digital Barriers
Digital Barriers provides advanced surveillance technologies to
the international homeland security and defence markets,
specialising in 'edge-intelligent' solutions that are designed for
remote, hostile or complex operating environments. We work with
governments, multinational corporations and system integrators in
the defence, law enforcement, critical infrastructure,
transportation and natural resources sectors. Our surveillance
technologies have been successfully proven on some of the most
demanding operational and environmental deployments around the
world.
www.digitalbarriers.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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