Issue of Equity and Directors Dealings (5402X)
16 Febbraio 2012 - 10:46AM
UK Regulatory
TIDMOCH
RNS Number : 5402X
Orchid Developments Group Ltd
16 February 2012
AIM: OCH
16 February 2012
Orchid Developments Group Ltd (the "Company")
Issue of Equity and Directors Dealings
Bellport Corporation, a company in which the Company's joint
Chief Executives, Ofer Miretzky and Guy Meyohas are interested, has
been allotted (conditional only on admission of such shares to
trading on the AIM Market of the London Stock Exchange ("AIM"))
5,500,000 ordinary shares of EUR0.01 each in the capital of the
Company ("Ordinary Shares") in relation to the amendments to the
Management Services Agreement with Bellport Corporation approved by
the Company's shareholders at the EGM held on 15 February 2012 (the
"Capitalisation Shares"). As a result, Ofer Miretzky and Guy
Meyohas, are now each directly or beneficially interested in
28,162,688 Ordinary Shares, representing approximately 29.97 per
cent of the total shares in issue upon the issue of the
Capitalisation Shares.
The Capitalisation Shares will rank pari passu in all respects
with the Company's existing Ordinary Shares, including the right to
receive all dividends and other distributions hereafter declared,
made or paid.
Application has been made for the Capitalisation Shares to be
admitted to trading on AIM. It is expected that dealings in the
Capitalisation Shares will commence on AIM on 21 February 2012.
Following the admission of the Capitalisation Shares, the issued
share capital of the Company will increase by 6.22 per cent. to
93,966,260 Ordinary Shares. 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 share capital of the Company.
Contacts:
Orchid Developments
Guy Meyohas +35 92 981 9955
Shore Capital and Corporate
Limited
Bidhi Bhoma / Toby Gibbs +44 20 7408 4090
MHP Communications
Reg Hoare / Tim McCall
/ Vicky Watkins +44 20 3128 8100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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