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Issue of Equity

Date : 30/09/2011 @ 16:38
Source : UK Regulatory (RNS & others)
Stock : Redstone (RED)
Quote : 1.5  0.0 (0.00%) @ 07:55

Issue of Equity

TIDMRED

RNS Number : 3544P

Redstone PLC

30 September 2011

Redstone plc

("Redstone" or "the Company")

Issue of Equity

The Company announces that it has issued 8.85 million ordinary shares of 0.1 pence each ("Ordinary Shares") to employees in lieu of bonus entitlements at the election of the Company.

Application will be made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. on 3 October 2011.

Following Admission of the new Ordinary Shares the total number of Ordinary Shares with voting rights is 2,881,422,810.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests in, or a change to their interests in, Redstone under the FSA's Disclosure and Transparency Rules.

ENQUIRIES:

 
 Redstone plc             Tel. +44 (0)7887 987469 
 Peter Hallett, Chief 
  Financial Officer 
 
 FinnCap                  Tel. +44 (0)20 7600 
                           1658 
 Marc Young/ Charlotte 
  Stranner 
 
 Hansard Communications   Tel. +44 (0)20 7245 
  Nicholas Nelson/ Guy     1100 
  McDougall 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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