Issue of Equity / Directors Dealings
23/06/2008 8:15am
UK Regulatory
RNS Number : 2631X
FibreGen Plc
23 June 2008
Press Release 23 June 2008
FibreGen plc
("FibreGen" or "the Company")
Issue of Equity/Directors Dealings
Further to the announcement on 19 June 2008, FibreGen plc (AIM: FBG), the international biomass-to-energy company formerly known as
Libra Natural Resources plc, is pleased to announce that pursuant to the placing announced on 19 June 2008 it will issue 362,321 Ordinary
Shares of 3p each at 34.5p, the closing market price on the day of the announcement of the placing.
Following the admission of the shares to trading, which is expected to take place on 26 June 2008, the Directors will be interested in
the share capital of the Company as follows:
Number of shares Total holding % of resultant issued share capital
purchased
Glenn Smith 72,464 83,797 0.39
Rick Squires 50,725 50,725 0.24
John Stirling 72,464 72,464 0.34
Peter Greensmith 50,725 778,092 3.64
Mark Campanale 43,479 49,217 0.23
Following the placing announced yesterday and the issue referred to in this announcement, the total number of shares in issue in the
capital of the Company will be 21,347,132 ordinary shares of 3p each.
- Ends -
For further information:
FibreGen plc
Glenn Smith Tel: +1 206 366 5267
Rick Squires Tel: +44 7971 037116
Landsbanki Securities (UK) Ltd
Nominated Advisor
Gareth Price/Simon Brown, Corporate Finance Tel: +44 (0) 20 7426 9000
Liberum Capital - Broker
Ellen Francis / Simon Atkinson, Corporate Finance Tel: +44 (0) 20 3100 2000
Media enquiries:
Abchurch Tel: +44 (0) 20 7398 7700
Joanne Shears / Justin Heath Tel: +44 (0) 20 7398 7709
joanne.shears@abchurch-group.com www.abchurch-group.com
NOTES TO EDITORS
FibreGen plc
FibreGen is a focused biomass-to-energy business, producing wood pellets and wood chips for sale to retail consumers (for home heating
and animal bedding) as well as to commercial and industrial customers for heat and power generation. The Company announced its strategic
intention in December 2007 to increase significantly the size, scale, and range of its investments in its wood pellet business and to become
a leading international biomass to energy business.
The Company operates four biomass businesses in North America:
* at Princeton, British Columbia, Canada which produces wood pellets;
* at Westbank, British Columbia, Canada, which produces wood pellets and wood shavings;
* in Louisa County, Virginia, US which produces wood chips and which is planned to have a wood pellet production; and
* at Omak (WA), Hauser (ID), and (under construction) Shelton (WA) producing wood pellets and other products.
The Company also has an MOU for a joint venture vehicle with Chinese and Canadian partners, to develop a plant by the end of 2008 with
initial capacity of 100,000 tons of biomass fuels for sale to the Chinese power station market. The Company also owns the project site and
development rights for a wood pellet production facility in West Kootenay, British Columbia, Canada.
This information is provided by RNS
The company news service from the London Stock Exchange
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