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BLV.GB Belvoir Group Plc

0.00
0.00 (0.00%)
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Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Belvoir Group Plc AQSE:BLV.GB Aquis Stock Exchange Ordinary Share GB00B4QY1P51
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Belvoir Lettings PLC Director Dealing (4372A)

07/06/2016 10:52am

UK Regulatory


Belvoir (AQSE:BLV.GB)
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RNS Number : 4372A

Belvoir Lettings PLC

07 June 2016

THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SINGAPORE, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

FURTHER, THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN BELVOIR LETTINGS PLC IN ANY JUSRISTICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

For Immediate Release 7 June 2016

BELVOIR LETTINGS PLC

(the "Company", "the Group" or "Belvoir")

Additional Subscription to raise GBP70,000

Directors' Dealing

Further to the announcements made earlier today regarding the Placing and Acquisition (together the "Prior Announcements"), Belvoir is pleased to announce that certain Directors and key management of the Company have agreed to subscribe for a total of 62,500 new Ordinary Shares of 1 pence each in the Company ("Ordinary Shares") on the same terms as the Placing, being 112 pence per share (the "Subscription" and the "Subscription Shares").

The Subscription has raised gross proceeds of approximately GBP70,000 and is in addition to the GBP2.5 million raised through the Placing as announced earlier today.

The Subscription will utilise the Company's existing authorities to allot Ordinary Shares and therefore does not require shareholder approval. Completion of the Subscription is conditional on admission of the Subscription Shares to trading on AIM. The Subscription Shares will rank pari passu in all respects with the existing Ordinary Shares.

In addition, the Company is pleased to announce that Mike Goddard, Executive Chairman and CEO of Belvoir, has sold GBP650,000 of Existing Ordinary Shares at the Placing Price.

The Directors' interests as at today and following completion of the Subscription and the Placing are as follows:

 
                       As at the date 
                     of this Announcement                              Upon Admission 
 Director              Number     Percentage   Subscription        Shareholding     Percentage 
                  of Existing    of Existing         Shares           following         of the 
                     Ordinary       Ordinary                   the Subscription       enlarged 
                       Shares         Shares                            and the          share 
                                                                    Fundraising    capital(**) 
--------------  -------------  -------------  -------------  ------------------  ------------- 
 Mike Goddard       7,773,922          24.8%            Nil           7,193,565         21.37% 
 Louise 
  George               17,250          0.05%         17,857              35,107          0.10% 
 Andrew 
  Borkowski            15,615          0.05%          8,929              24,544          0.07% 
 Nick Leeming          15,500          0.05%          8,929              24,427          0.07% 
--------------  -------------  -------------  -------------  ------------------  ------------- 
 

** Following completion of the Subscription and the Placing

Admission to AIM

Application for admission to trading on AIM of the Subscription Shares ("Admission") has been made and it is expected that Admission will become effective and dealings in the Subscription Shares will occur on 8 June 2016.

The number of Ordinary Shares in the capital of the Company in issue and number of voting rights following admission of all of the Placing Shares and Subscription Shares will be 33,660,160. The above figure may be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Other than where defined, capitalised terms used in this announcement have the meanings given to them in the Prior Announcements.

For further details:

 
 
  Belvoir Lettings PLC                  01476 584900 
  Mike Goddard, Chairman and CEO        investorrelations@belvoirlettings.com 
  Louise George, Chief Financial 
  Officer 
Cantor Fitzgerald Europe 
 Rick Thompson, Phil Davies, Will 
 Goode, Michael Reynolds 
 Corporate Finance                    0207 894 7000 
 
 
  Buchanan 
  Charles Ryland, Victoria Watkins, 
  Madeleine Seacombe                    0207 466 5000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGCGDLCSGBGLR

(END) Dow Jones Newswires

June 07, 2016 05:52 ET (09:52 GMT)

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