Produce Investments PLC Blocklisting Update (2459S)

TIDMPIL

RNS Number : 2459S

Produce Investments PLC

22 June 2018

PRODUCE INVESTMENTS PLC

("Produce," "Company" or the "Group")

Blocklisting Update

Produce Investments plc, (AIM:PIL) ("Produce," "Company" or the "Group"), a leading operator in the fresh potato and daffodil sectors, sets out below a final interim review of its blocklisting of 1,500,000 ordinary shares of 1 pence each ("Ordinary Shares") which was announced on 15 March 2011 (the "Blocklisting"). The Company also confirms that no further Ordinary Shares will now be allotted pursuant to this Blocklisting and this Blocklisting is hereby cancelled.

 
 Name of applicant:                                              Produce Investments plc 
--------------------------------------------------------------  ------------------------------------------------------ 
 Name of scheme:                                                 Produce Investments plc Company Share Option Plan 
--------------------------------------------------------------  ------------------------------------------------------ 
 Period of return:                       From:                   30 June 2017            To:      21 June 2018 
--------------------------------------  ----------------------  ----------------------  -------  --------------------- 
 Balance under scheme from previous return:                      268,283 Ordinary Shares 
--------------------------------------------------------------  ------------------------------------------------------ 
 The amount by which the block scheme has been increased, if     N/A 
 the scheme has been increased 
 since the date of the last return: 
--------------------------------------------------------------  ------------------------------------------------------ 
 Number of securities issued/allotted under scheme during        221,286 Ordinary Shares 
 period: 
--------------------------------------------------------------  ------------------------------------------------------ 
 Balance under scheme not yet issued/allotted at end of period   46,997 Ordinary Shares 
--------------------------------------------------------------  ------------------------------------------------------ 
 Number and class of securities originally listed and the date   1,500,000 Ordinary Shares on 18 March 2011 
 of admission 
--------------------------------------------------------------  ------------------------------------------------------ 
 Total number of securities in issue at the end of the period    27,333,914 Ordinary Shares 
--------------------------------------------------------------  ------------------------------------------------------ 
 IMPORTANT NOTE: This is the final return for this Blocklisting. No further shares will be 
  allotted pursuant to this Blocklisting. 
---------------------------------------------------------------------------------------------------------------------- 
 
 

In addition, the Company announces that it has made an application to the London Stock Exchange for a new blocklisting of 2,000,000 Ordinary Shares ("New Ordinary Shares").

The New Ordinary Shares will be issued from time to time pursuant to the exercise of employee share options under the Company Share Option Plan, Senior Executive Incentive Plan, the Long-Term Incentive Plan and the Save As You Earn Scheme.

On exercise these shares will be issued credited as fully paid and will rank pari passu with the existing Ordinary Shares in issue. It is expected that the blocklisting will become effective on 27 June 2018.

For further information contact:

 
 Produce Investments plc 
 Angus Armstrong                   [phone] 
  Jonathan Lamont                               515 
 
 Shore Capital (Nomad) 
 Stephane Auton / Patrick           [phone] 
  Castle                                       4090 
 
 Powerscourt 
 Nick Dibden 
  Jana Tsiligiannis                 [phone] 
  [e-mail]                1446 
 

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END

BLREANKAAEXPEEF

(END) Dow Jones Newswires

June 22, 2018 05:09 ET (09:09 GMT)