Issue of Equity and Directors Shareholdings (6905P)

TIDMPKP

RNS Number : 6905P

Photon Kathaas Productions Ltd

06 October 2011

Photon Kathaas Productions Limited

Issue of Equity and Directors Shareholdings

Photon Kathaas Productions Limited (AIM:PKP.L, "Photon Kathaas", "the Company") announces that pursuant to the Company's listing arrangements and as stated in the Admission Document dated 3 November 2010 a further total of 34,182 new Ordinary Shares were issued to Michael Rosenberg, Non-executive Chairman, and Nathalie Schwarz, Non-executive Director. In accordance with the terms of their service contracts Michael Rosenberg and Nathalie Schwarz have agreed to take new Ordinary Shares in the Company in lieu of cash against Director's fees payable to them, as set out in the Admission Document. These Ordinary Shares have been allotted to them at an issue price of US$0.49 per share.

Following the above issue of shares, Michael Rosenberg is now interested in a total of 106,412 Ordinary Shares in the Company, representing approximately 0.50% of the enlarged issued share capital of the Company.

Following the above issue of shares, Nathalie Schwarz is now interested in a total of 27,193 Ordinary Shares in the Company, representing approximately 0.13% of the enlarged issued share capital of the Company.

Application is being made for the 34,182 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 13 October 2011.

Following the issue of these shares, the Company has a total of 21,445,309 Ordinary Shares in issue. The total number of voting rights in the Company is therefore 21,445,309.

Enquires

 
 Photon Kathaas 
 Venkat Somasundaram, Chief Executive     [phone] 
 Reshma Ghatala, Head of Marketing        [phone] 
 Michael Rosenberg, Non-executive 
  Chairman                                020 7938 4026 
 
 Seymour Pierce Limited                   020 7107 8000 
 Nandita Sahgal/Tom Sheldon (Corporate 
  Finance) 
  Leti McManus (Corporate Broking) 
  Rivington Street Corporate Finance 
  Jon Levinson                            020 7562 3357 
  Dru Edmonstone                           020 7562 3384 
 
 College Hill 
 Adrian Duffield/Jon Davies               020 7457 2020 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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