10th Sep 2013 07:00
10 September 2013
Quintain Estates and Development plc ("the Company" or "Quintain")
Quintain confirms that the former partners of Grafton Advisors (2006) LLP ("Grafton") have exercised their right to subscribe for 454,545 Ordinary shares of 25 pence each in the Company under subscription agreements entered into between the former partners of Grafton and Quintain, on Quintain's acquisition of Grafton in 2012, which gives them the right to subscribe for a maximum of 9,090,909 shares at a pre-determined price of 55 pence per share over a 5 year performance period. As previously announced, Nigel Kempner, Executive Director, will receive 242,455 shares under the subscription agreement.
Applications have been made to The London Stock Exchange and the UK Listing Authority for these shares to be admitted to The Official List and to trading on The London Stock Exchange. The new shares shall rank equally with the existing issued shares of the Company and it is expected that admission of these new shares will become effective on 11 September 2013.
Contact
Sandra Odell
Company Secretary
Telephone: 020 7478 9418
Related Shares:
Quadrise