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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bilby Plc | LSE:BILB | London | Ordinary Share | GB00BV9GHQ09 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 39.00 | 38.00 | 40.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBILB
RNS Number : 0507L
Bilby PLC
14 July 2017
14 July 2017
Bilby Plc
("Bilby" or the "Company")
Settlement of convertible loan note, grant of share options and DCB consideration
Bilby Plc (AIM: BILB.L), the holding company for P&R Installation Company Limited, Purdy Contracts Limited ("Purdy"), Spokemead Maintenance Limited, and DCB (Kent) Limited ("DCB"), a leading gas heating and building services provider, announces it has now settled in an aggregate sum of GBP515,000 from existing cash reserves pursuant to the GBP500,000 convertible loan note that was issued to the vendor of Purdy Holdings Limited ("Purdy") at the time Purdy was acquired by Bilby in July 2015.
Bilby also announces that, upon the recommendation of the Company's Remuneration Committee, it has granted 325,000 options over the Company's ordinary shares of 10p ("Ordinary Shares") to certain members of the Company's senior management team, including options over 200,000 Ordinary Shares to a Director of Bilby (the "Options"), as per the table below:
Position Number of Options granted --------------- --------------------------- ----------------- Chief Operating Leigh Copolo Officer 200,000 --------------- --------------------------- ----------------- Managing Director Matt Hobbs - P&R 50,000 --------------- --------------------------- ----------------- Managing Director Lee Venables - Purdy 50,000 --------------- --------------------------- ----------------- Group Treasury Katherine Guy Manager 25,000 --------------- --------------------------- -----------------
The Options were granted under the Company's Share Option Plan and are exercisable for a period of up to 10 years at an exercise price of 72.5p per Ordinary Share.
Finally, further to the announcement of 13 July 2017 regarding the further considerations terms of the acquisition of DCB (Kent) Limited ("DCB"), the Company will issue 167,113 Ordinary Shares to the vendors of DSC at an issue price of 74.8p per Ordinary Share (the "DCB Consideration Shares").
Application has been made for the DCB Consideration Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place on or around 19 July 2017 ("Admission").
Following the Admission of the DCB Consideration Shares, Bilby will have 39,896,844 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. The above figure should 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 FCA's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
Enquiries
Bilby Plc 020 8269 3777
Phil Copolo, Deputy Executive Chairman
Sangita Shah, Non-Executive Chairman
David Ellingham, Finance Director
Northland Capital Partners 020 3861 6625
(Nominated Adviser and Broker)
Corporate Finance:
David Hignell
Matthew Johnson
Patrick Claridge
Sales and Broking:
Bob Pountney
John Howes
Hudson Sandler 020 7796 4133
(Financial PR)
Charlie Jack
Emily Dillon
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBRGDRLBBBGRX
(END) Dow Jones Newswires
July 14, 2017 02:00 ET (06:00 GMT)
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