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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 |
TIDMBLV
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
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(END) Dow Jones Newswires
June 07, 2016 05:52 ET (09:52 GMT)
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