Starvest PLC Issue of Equity and Directors' Holdings

Data : 19/06/2019 @ 11:21
Fonte : UK Regulatory (RNS & others)
Titolo : Starvest Plc (SVE)
Quotazione : 1.85  0.0 (0.00%) @ 09:00
Quotazione Starvest Grafico

Starvest PLC Issue of Equity and Directors' Holdings

Grafico Azioni Starvest (LSE:SVE)
Storico

6 Mesi : Da Giu 2019 a Dic 2019

Clicca qui per i Grafici di Starvest

TIDMSVE

RNS Number : 7612C

Starvest PLC

19 June 2019

19 June 2019

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 635,134 new Ordinary shares of GBP0.01 in the Company ("Ordinary Shares") at a price of 1.85p per Ordinary Share as follows to two of its directors in lieu of fees for Q1 2019. 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                    486,486          6,284,402            11.24 
 Mark Badros                        148,648            148,648             0.27 
 

Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on, or around, 25 June 2019.

Following admission, the Company's enlarged share capital will comprise 55,927,832 Ordinary Shares. No shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 55,927,832. 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

19 June 2019

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        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    1.85       486,486 
                                                      ---------  ---------- 
                                   ---------------------------------------- 
 
 d)   Aggregated information 
 
      - Aggregated volume 
 
      - Price                     1.85 pence 
 
 e)   Date of the transaction     19 June 2019 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Mark Badros 
     ---------------------------  ------------------------------------------ 
 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) 
                                       Mark Badros    1.85p      148,648 
                                                     ---------  ---------- 
                                    -------------------------------------- 
 
 d)   Aggregated information 
 
      - Aggregated volume 
 
      - Price                      1.85 pence 
 
 e)   Date of the transaction      19 June 2019 
     ---------------------------  ------------------------------------------ 
 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

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June 19, 2019 05:21 ET (09:21 GMT)

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