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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Block Shield | LSE:BLS | London | Ordinary Share | GB00B00SHH97 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Immediate Release: Thursday 7th August 2008 Block Shield Corporation plc (`Block Shield' or the `Group') Directors' Dealings Block Shield Corporation plc, the innovative provider of electronic components and processes utilized in electromagnetic compatibility (`EMC') and Radio Frequency Identification ('RFID') applications, announces that a number of its executives have elected to receive New Ordinary Shares ('shares') in the Group in lieu of their annual bonus for the periods up through 29th February 2008. Furthermore, each of the executives in question has agreed to subscribe to the shares at a price of 58 pence per share. This price represents a premium of 115 per cent. over the mid-market closing price of 27 pence per share on 6 August 2008. Following this agreement, each of Pier Antoniucci, former CEO, Gary Koos, Russ Lakeman and John Zarganis, current executives of the Group, will be issued shares in the Group in the proportions outlined below. Pier Antoniucci will receive shares that represent executive bonus for 2 years of service, while Gary Koos, Russ Lakeman and John Zarganis will receive shares that represent bonus for 1 year of service through 29 February 2008. Details of the shares issued are outlined below. The shares, which will rank pari passu with all existing ordinary shares in the Group were allotted today. Application will be made for their admission to trading on AIM and dealings are expected to commence on Wednesday 13 August 2008. Following this transaction:- Director Previous New Ordinary Resultant Percentage of Holding Shares Holding enlarged issued following share capital Admission Pier Antoniucci 50,000 100,000 150,000 0.198 Gary Koos Nil 10,000 10,000 0.013 Russ Lakeman Nil 7,500 7,500 0.010 John Zarganis Nil 7,500 7,500 0.010 -Ends- For Further Information: Block Shield Corporation plc Ed Oh (CEO) +1 408 702 1800 Ambrian Partners Ltd. Tim Goodman +44 (0) 20 7634 4700 Hansard Group Vikki Krause +44 (0) 20 7245 1100 END
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