Further re: Director shareholding

    RNS Number : 2340K
  Cosentino Signature Wines plc
  16 December 2008
   

    16 December 2008


    Cosentino Signature Wines plc

    Further re: Director shareholding

    Cosentino Signature Wines plc ("Cosentino" or the "Company"), the AIM listed, ultra-premium brand Napa Valley based wine company,
announces that in proposing to issue 3,666,665 new ordinary shares to the directors in lieu of their salaries/directors fees as announced on
11 December 2008, the Company had inadvertently proposed to exceed its authority to issue shares after disapplying statutory pre-emption
rights.

    As a result, as set out in the table below, 2,247,000 new ordinary shares will be issued immediately and the balance of 1,419,665 will
only be issued conditional upon approval of new authorities at the Company's AGM in 2009.  

 Director                   No of shares          No. of shares         Resulting no. of      Percentage of issued
                            allotted immediately  allotted              shares after both
                                                  conditionally         issues                share capital

 Larry Soldinger                       1,427,000  906,333               8,044,799             30.78%
    
 Greg Deman                              205,000  128,333               1,003,333             3.84%
    
 Hal Wolken                              205,000  128,333               1,004,810             3.84%

 Christopher Crosthwaite                 205,000  128,333               333,333               1.28%

 Ben Soldinger                           205,000  128,333               422,064               1.61%
    

    Application has been made for 2,247,000 new ordinary shares to be admitted to trading on AIM. Dealings are expected to commence on 17
December 2008.

    Following the issue of 2,247,000 new ordinary shares, the total voting rights in issue will be 24,717,864 ordinary shares, each having
one voting right.


    - Ends - 

    For further information please contact:

    Cosentino Signature Wines plc
    Larry Soldinger, Chairman - c/o Financial Dynamics 020 7831 3113 

    Seymour Pierce
    Jonathan Wright - 020 7107 8000

    Financial Dynamics
    Jonathon Brill / Billy Clegg / Ed Westropp - 020 7831 3113


This information is provided by RNS
The company news service from the London Stock Exchange
 
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