TVC Holdings PLC Issue of Equity (9203K)
June 30 2014 - 8:53AM
UK Regulatory
TIDMTVCH
RNS Number : 9203K
TVC Holdings PLC
30 June 2014
30 June 2014
TVC HOLDINGS PLC
EXERCISE OF OPTIONS
TVC Holdings plc ("TVC" or the "Company") announces today that
following the passing of the Resolutions at the Extraordinary
General Meeting of the Company held on 27 June 2014 ("EGM"), Shane
Reihill, Executive Chairman, John Tracey, Chief Executive Officer
and John Fagan, Company Secretary, have exercised options over an
aggregate of 3,972,919 Ordinary Shares of EUR0.01 cent each in the
capital of the Company ("New Ordinary Shares") under the Company's
Share Option Scheme.
Shane Reihill exercised options over a total of 2,128,751
Ordinary Shares. As a result, the beneficial interests of Shane
Reihill, and those persons who are presumed to be acting in concert
with Shane Reihill under Rule 3.3(b)(vii) of Part A of the Takeover
Rules (the "Concert Party") (as described in further detail in
section 7 of Part 1 of the circular dated 3 June 2014 (the
"Circular")), have increased to 29,317,129 Ordinary Shares
representing 30.7 per cent. of the Enlarged Issued Share Capital.
Following the approval of the Independent Shareholders on a poll of
the Rule 9 Waiver Resolution at the EGM, the obligations of the
Concert Party to make a general offer for the balance of the
Enlarged Issued Share Capital have been waived by the Irish
Takeover Panel.
John Tracey exercised options over a total of 1,065,773 Ordinary
Shares. As a result, the beneficial interests of John Tracey have
increased to 2,318,605 Ordinary Shares representing 2.4 per cent.
of the Enlarged Issued Share Capital.
John Fagan exercised options over a total of 778,395 Ordinary
Shares. As a result, the beneficial interests of John Fagan have
increased to 1,043,419 Ordinary Shares representing 1.1 per cent.
of the Enlarged Issued Share Capital.
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM and ESM and it is expected that
admission will take place on 1 July 2014. The New Ordinary Shares
issued pursuant to the exercise of options will rank pari passu
with the existing Ordinary Shares. Following Admission, the total
number of Ordinary Shares in the Company with voting rights will be
95,501,846.
Capitalised terms used but not defined herein shall have the
meaning given to such term in the Circular.
Contact Information:
TVC Holdings plc
Shane Reihill, Executive Chairman
John Tracey, Chief Executive Officer
Tel: +353-1-2057700
Davy
John Frain
Tel: +353-1-6796363
Murray Consultants
Pauline McAlester
Tel: +353-1-4980300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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