St Mark Homes Plc Offer Update

 
TIDMSMAP 
 
ST MARK HOMES PLC 
 
St Mark Contracts Offer Update and Issue of Equity 
 
28 September 2016 
 
Offer Update 
 
On 17 June 2016 the Boards of St Mark Contracts Ltd (SMC)and St Mark Homes PLC 
(SMH) announced the terms of a recommended all share offer for the entire 
issued share capital of SMC. The terms and conditions of that offer were set 
out in an Offer Document dated 17 June 2016. 
 
Issue of Equity and Directors Interests 
 
As SMH had already acquired a relevant interest in more than 90% of the 
SMC shares it exercised its right to acquire any remaining shares at 11 August 
2016 under the compulsory acquisition provisions of the Companies Act on the 
same terms as under the Offer. 
 
The company is now therefore completing the acquisition of the entire share 
capital of SMC by issuing a further 47,500 new ordinary shares ranking pari 
passu with the existing ordinary shares. 
 
Following this issue there are now 3,731,795 ordinary shares in issue. 
The aggregate direct interests of the Directors of St Mark and their spouses is 
577,500 shares (15.5 % percent of the issued capital of the Company): 
 
Bernard Tansey: 382,500 shares 10.26% 
 
Barry Tansey: 82,750 shares 2.22% 
 
Sean Ryan: 101,250 shares 2.72% 
 
William Gair: 11,000 shares 0.30% 
 
In addition members of the family of the Chairman, Bernard Tansey, and Chief 
Executive Officer, Barry Tansey own an additional 167,285 shares (4.44% of the 
issued share capital). 
 
The Directors of St Mark Homes PLC accept responsibility for this announcement 
 
 
 
END 
 

(END) Dow Jones Newswires

September 29, 2016 10:06 ET (14:06 GMT)