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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Newfound | LSE:NFND | London | Ordinary Share | NL0000686764 | ORD EUR0.01 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.85 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 2816D Newfound N.V. 12 September 2008 Newfound N.V. ("Newfound" or the "Company") Additional listing Exchange of Exchangeable Securities by Brian Dobbin Newfound N.V. (AIM: NFND) today announces the following transaction involving Brian Dobbin, a significant shareholder, further details of which are set out below. At the time of the Company's IPO, Special Voting Shares and Exchangeable Securities were issued to certain shareholders as part of the consideration for the acquisition of the Newfound group by the Company pursuant to an acquisition agreement dated 31 August 2006. The Exchangeable Shares are exchangeable for Ordinary Shares on a one-for-one basis at the request of the holder of an Exchangeable Security. On this basis, Dolphin Holdings Limited (a company controlled by Brian Dobbin) ("Dolphin") has issued a request to the Company for the exchange of 10,000,000 Exchangeable Securities into Ordinary Shares in the Company. Further details of the arrangements relating to Exchangeable Securities are set out in the Admission Document dated 31 August 2006. Accordingly, the Company has issued 10,000,000 new Ordinary Shares of EUR0.01 each to Dolphin in exchange for an equal number of Exchangeable Securities (the "Exchange"). In addition, the Company has repurchased an equal number of Special Voting Shares from Dolphin for nil consideration. Application to the London Stock Exchange has been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 17 September 2008. Following Admission, the Company will have in issue 189,709,687 Ordinary Shares admitted to trading on AIM (the "Ordinary Share Capital"). Following completion of the Exchange, subsidiaries controlled by the Company will have in issue 44,174,928 Exchangeable Securities and the Company will have in issue 44,174,928 Special Voting Shares. Following the Exchange and Admission, Brian Dobbin's deemed beneficial holding in the Company will be 10,000,000 Ordinary Shares, representing approximately 5.3% of the Ordinary Share Capital, and 40,011,082 Exchangeable Securities, together representing approximately 21.4% of the Issued Share Capital (as described below). Although the AIM Rules for Companies only apply to Ordinary Shares admitted to trading on AIM, the Directors of the Company regard the aggregate of the Ordinary Shares in issue from time to time and the number of Ordinary Shares that would be issued if all Exchangeable Securities were exchanged as being the number of shares to be used for the calculation of earnings per share and the market capitalisation of the Company (the "Issued Share Capital"). Accordingly, the Directors regard the Issued Share Capital to remain unchanged as 233,884,615. Enquiries: Newfound N.V. Stephen Bentley, Group Finance Director 020 7470 2492 Collins Stewart Europe Limited Adrian Hadden 020 7523 8350 Citigate Dewe Rogerson Media: George Cazenove / Nicola Smith 020 7638 9571 Notes to Editors: For more information, please visit www.newfoundnv.com. This information is provided by RNS The company news service from the London Stock Exchange END MSCSFMFMFSASEEU
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