STARVEST PLC 22 August 2018
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 1,066,667 new Ordinary shares of £0.01 in the Company ('Ordinary Shares') at a price of 2.25p per Ordinary Share as follows to two of its directors in lieu of fees for the three months ended 30 June 2018. 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 name | Number of ordinary shares issued | Interest in enlarged issued share capital | % of enlarged share capital |
Callum N Baxter | 844,444 | 4,552,014 | 8.4 |
Gemma Cryan | 222,222 | 867,977 | 1.6 |
Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on, or around, 30 August 2018.
Following admission, the Company's enlarged share capital will comprise 53,964,830 Ordinary Shares. No shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 53,964,830. 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
22 August 2018
Enquiries to:
Starvest PLC
Callum Baxter Chairman/CEO 07922 255 933 cbaxter@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson, Harrison Clarke or Seamus Fricker 020 7383 5100
SI Capital Ltd (Appointed 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 /Amendment | Initial Notification | ||||||||
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 financial instrument, type of instrument | Ordinary Shares of 1.0p each | ||||||||
Identification code | ISIN: GB0009619817 | |||||||||
b) | Nature of the transaction | Participation in Fundraise | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information | |||||||||
- Aggregated volume | ||||||||||
- Price | 2.25 pence | |||||||||
e) | Date of the transaction | 22 August 2018 | ||||||||
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 /Amendment | Initial Notification | ||||||||
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 financial instrument, type of instrument | Ordinary Shares of 1.0p each | ||||||||
Identification code | ISIN: GB0009619817 | |||||||||
b) | Nature of the transaction | Participation in Fundraise | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information | |||||||||
- Aggregated volume | ||||||||||
- Price | 2.25 pence | |||||||||
e) | Date of the transaction | 22 August 2018 | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
Attachments
- Original document
- Permalink
Disclaimer
Starvest plc published this content on 22 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 August 2018 11:36:03 UTC
