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SVE Starvest Plc

11.70
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Starvest Plc LSE:SVE London Ordinary Share GB0009619817 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 11.70 9.00 20.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Starvest PLC Issue of Equity, TVR and Directors' Holdings (4092F)

17/05/2017 9:46am

UK Regulatory


Starvest (LSE:SVE)
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From Apr 2019 to Apr 2024

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TIDMSVE

RNS Number : 4092F

Starvest PLC

17 May 2017

17 May 2017

Starvest Plc ("Starvest" or "the Company")

Issue of Equity, Total Voting Rights and Directors' Holdings

The Company is pleased to announce that it has resolved to issue a total of 754,717 new Ordinary shares of GBP0.01 in the Company ("Ordinary Shares") at a price of 2.12p per Ordinary Share as follows to its directors in lieu of a proportion of fees for the three months ended 31 March 2017. The issue of new Ordinary Shares to directors is in accordance with the Company's enhanced focus on limiting the outflow of cash from the business, thereby preserving cash for investment opportunities as they present themselves.

The following table shows the number of new Ordinary Shares issued and their resultant total holdings:

 
 Shareholder/Director         Number of        Interest    % of enlarged 
  name                         ordinary     in enlarged    share capital 
                          shares issued    issued share 
                                                capital 
 Callum N Baxter                471,698       3,707,570            7.01% 
 Gemma Cryan                     70,755         645,755            1.22% 
 John Watkins 
  *                             212,264       2,575,143            4.87% 
 

* Includes 1,200,000 ordinary shares held by his wife, Mrs Diane Mary Watkins.

Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on, or around, 24 May 2017.

Following admission, the Company's enlarged share capital will comprise 52,898,163 Ordinary Shares. Therefore the total number of Ordinary Shares with voting rights is 52,898,163. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Callum N Baxter

Chairman & Chief Executive

17 May 2017

Enquiries to:

Starvest PLC

Callum Baxter Chairman/CEO 07922 255 933 cbaxter@starvest.co.uk

John Watkins Finance Director 07768 512 404 jwatkins@starvest.co.uk

Grant Thornton UK LLP (Nomad)

Colin Aaronson or Harrison Clarke 02073 835 100

SI Capital Ltd (Appointed Broker)

Nick Emerson or Andy Thacker 01483 413 500

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  --------------------------------------------------------------------- 
 a)    Name                       Callum Baxter 
----  -------------------------  ------------------------------------------ 
 2     Reason for the notification 
----  --------------------------------------------------------------------- 
 a)    Position/status            Chairman and CEO 
----  -------------------------  ------------------------------------------ 
 b)    Initial notification       Initial Notification 
        /Amendment 
----  -------------------------  ------------------------------------------ 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  --------------------------------------------------------------------- 
 a)    Name                       Starvest Plc 
----  -------------------------  ------------------------------------------ 
 b)    LEI                        2138002RU77NWA794295 
----  -------------------------  ------------------------------------------ 
 4     Details of the transaction(s): section to 
        be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  --------------------------------------------------------------------- 
 a)    Description of             Ordinary Shares of 1.0p each 
        the financial 
        instrument, type 
        of instrument 
---- 
 
       Identification             ISIN: GB0009619817 
        code 
 
 b)    Nature of the              Participation in Fundraise 
        transaction 
----  -------------------------  ------------------------------------------ 
 c)    Price(s) and                Name             Price(s)   Volume(s) 
        volume(s)                  ---------------  ---------  ---------- 
                                    Callum Baxter    2.12p      471,698 
                                   ---------------  ---------  ---------- 
----                             ---------------------------------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated 
   volume                         471,698 
 
  - Price                         2.12 pence 
 
 e)    Date of the transaction    17 May 2017 
----  -------------------------  ------------------------------------------ 
 f)    Place of the               Outside a trading venue 
        transaction 
----  -------------------------  ------------------------------------------ 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  -------------------------------------------------------------------- 
 a)    Name                       John Watkins 
----  -------------------------  ----------------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position/status            Finance Director 
----  -------------------------  ----------------------------------------- 
 b)    Initial notification       Initial Notification 
        /Amendment 
----  -------------------------  ----------------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  -------------------------------------------------------------------- 
 a)    Name                       Starvest Plc 
----  -------------------------  ----------------------------------------- 
 b)    LEI                        2138002RU77NWA794295 
----  -------------------------  ----------------------------------------- 
 4     Details of the transaction(s): section to 
        be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  -------------------------------------------------------------------- 
 a)    Description of             Ordinary Shares of 1.0p each 
        the financial 
        instrument, type 
        of instrument 
---- 
 
       Identification             ISIN: GB0009619817 
        code 
 
 b)    Nature of the              Participation in Fundraise 
        transaction 
----  -------------------------  ----------------------------------------- 
 c)    Price(s) and                Name            Price(s)   Volume(s) 
        volume(s)                  --------------  ---------  ---------- 
                                    John Watkins    2.12p      212,264 
                                   --------------  ---------  ---------- 
----                             --------------------------------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated 
   volume                         212,264 
 
  - Price                         2.12 pence 
 
 e)    Date of the transaction    17 May 2017 
----  -------------------------  ----------------------------------------- 
 f)    Place of the               Outside a trading venue 
        transaction 
----  -------------------------  ----------------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------- 
 a)    Name                       Gemma Cryan 
----  -------------------------  ---------------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------- 
 a)    Position/status            Non-Executive Director 
----  -------------------------  ---------------------------------------- 
 b)    Initial notification       Initial Notification 
        /Amendment 
----  -------------------------  ---------------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------- 
 a)    Name                       Starvest Plc 
----  -------------------------  ---------------------------------------- 
 b)    LEI                        2138002RU77NWA794295 
----  -------------------------  ---------------------------------------- 
 4     Details of the transaction(s): section to 
        be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  ------------------------------------------------------------------- 
 a)    Description of             Ordinary Shares of 1.0p each 
        the financial 
        instrument, type 
        of instrument 
---- 
 
       Identification             ISIN: GB0009619817 
        code 
 
 b)    Nature of the              Participation in Fundraise 
        transaction 
----  -------------------------  ---------------------------------------- 
 c)    Price(s) and                Name           Price(s)   Volume(s) 
        volume(s)                  -------------  ---------  ---------- 
                                    Gemma Cryan    2.12p      70,755 
                                   -------------  ---------  ---------- 
----                             -------------------------------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated 
   volume                         70,755 
 
  - Price                         2.12 pence 
 
 e)    Date of the transaction    17 May 2017 
----  -------------------------  ---------------------------------------- 
 f)    Place of the               Outside a trading venue 
        transaction 
----  -------------------------  ---------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEGIGDUSXBBGRR

(END) Dow Jones Newswires

May 17, 2017 04:46 ET (08:46 GMT)

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