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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Syndicate | LSE:SAM | London | Ordinary Share | GB00B0GR9291 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.42 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSAM For immediate release: Syndicate Asset Management Plc ("Syndicate", the "Company" or the "Group") Issue of Equity The Directors of Syndicate Asset Management Plc (the "Company") (AIM: SAM), the fund management group, announce that the Company will be issuing 6,733,331 ordinary shares of 0.2 pence each in the Group ("Ordinary Shares") to certain staff and senior managers which have vested under the Company's Long Term Investment Plan ("LTIP"). Details of the LTIP were set out in the Company's Prospectus of 12 October 2009 and adopted by the Board of Directors on 1 December 2009. 101 staff and senior managers now participate in the Syndicate LTIP. Application will be made for the New Ordinary Shares, which will when issued rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM; trading is expected to commence on 8 February 2011. Following the issue of the new Ordinary Shares as set out above, the total number of shares in issue will be 1,810,748,627. Therefore the total number of Ordinary Shares in the Company with voting rights is 1,810,748,627. The above figure of 1,810,748,627 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules. -Ends- Further information: Syndicate Asset Management plc Peter Dew (Chairman) Tel: 020 7659 8060 Cenkos Securities plc Stephen Keys/Julian Morse Tel: 020 7397 8900 GTH Communications Toby Hall/Christian Pickel Tel: 020 3103 3903 END
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