18th Aug 2008 16:04
|
For immediate release |
18 August 2008 |
Triple Plate Junction plc
("TPJ" or the "Company")
Admission of New Ordinary Shares
And
Directors Interests
TPJ plc (AIM:TPJ), is pleased to announce that the proposed placing of 36,363,636 new ordinary shares at 5.5p per share (the "Placing Shares"), announced on 31 July 2008 has been completed and the Placing Shares have been admitted to trading on AIM ("Admission") on Friday 15th August 2008. Furthermore, due to a rounding calculation, the Company has allotted a further 2 new ordinary shares and has today applied for these 2 extra new ordinary shares to be admitted to trading on AIM, which will take place on 26th August 2008. Following Admission (of the 36,363,638 new ordinary shares), the Company's enlarged share capital will comprise 141,278,433 ordinary shares with voting rights.
Third party entities, which the certain Directors of the Company are deemed to be connected with, subscribed under the Placing as follows:
|
Name |
No. of shares to be subscribed for in the Placing |
% of Placing |
Number of shares held post Placing |
% of enlarged issued share capital post Placing |
|
Thornaby Limited |
6,309,091 |
17.3 |
27,831,986 |
19.7 |
|
Ocarina Investments Limited |
6,309,091 |
17.3 |
7,609,091 |
5.4 |
|
Indusprojet Establishment* |
2,145,455 |
5.9 |
3,101,959 |
2.2 |
* The Placing Shares taken up by Indusprojet are 363,636 Placing Shares less than originally anticipated, with the 363,636 Placing Shares not taken up by Indusprojet being purchased by other placees.
Thornaby Limited is a company the entire issued share capital of which is owned by the I.R. Gowrie-Smith Family Settlement, the beneficiaries of which include Ian Gowrie-Smith. Ocarina Investments Limited is a company the entire issued share capital of which is owned by the DJ Lees Family Settlement, the beneficiaries of which include David Lees. Indusprojet Establishment, is a legal entity formed under Liechtenstein law and of which Geoff Walsh is the sole beneficiary.
Therefore, following the Placing, the interests in ordinary shares of the three Directors, whom are deemed tobe connected with the above placees, are as follows:
- Ian Gowrie-Smith 27,831,986 shares (19.7% of enlarged issued share capital) - David Lees 7,734,091 shares (5.5% of enlarged issued share capital) - Geoff Walsh 3,101,959 shares (2.2% of enlarged issued share capital)
For further information please contact:
|
Triple Plate Junction plc |
0207 340 9970 |
|
Geoff Walsh, Chief Executive |
|
|
Peter Wright, Finance Director |
|
|
Arbuthnot Securities Limited |
020 7012 2000 |
|
John Prior/Chris Connors |
|
|
Buchanan Communications |
020 7466 5000 |
|
Tim Anderson / Isabel Podda |
This statement may contain certain "Forward looking Statements". All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding potential mineralisation and reserves, exploration results and future plans and objectives of Triple Plate Junction Plc, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Certain risk factors may also affect the actual results achieved by Triple Plate Junction Plc.
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