25th Jan 2010 10:24
Noventa Limited
("Noventa" or the "Company")
Correction: Issue of Shares and Options
25 January 2010
Due to a clerical error by Noventa's company secretary, the announcement made by the Company on 20 January 2010 overstated the number of new ordinary shares of 0.04p each ("Ordinary Shares") issued to John Allan on 20 January 2010 and understated the number of new Ordinary Shares issued to Peter Cox on that same day. Mr. Allan's and Mr. Cox's resultant interests in the issued ordinary share capital of the Company were also misstated.
Mr. Allan was issued 122,166 Ordinary Shares on 20 January 2010, and not 366,499 Ordinary Shares - as was announced yesterday. Mr. Allan is now interested in 2,062,513 Ordinary Shares. These shares are held by Ekasure Limited, a company in which Mr. Allan has a beneficial interest.
Mr. Cox was issued 33,596 Ordinary Shares on 20 January 2010, and not 27,487 Ordinary Shares. Following the issue of these new Ordinary Shares, Mr. Cox is now interested in 299,363 Ordinary shares in the Company.
The summary table of directors' interests included in the announcement of 20 January 2010 should have been stated as follows:
|
Percentage of |
||
|
Ordinary Shares Held |
Issued Shares Held |
|
|
Eric Kohn TD * |
3,665,388 |
1.56% |
|
John Allan ** |
2,062,513 |
0.88% |
|
Tim Griffiths |
126,710 |
0.05% |
|
Peter Cox |
299,363 |
0.13% |
|
Dr Joachim Martin |
283,596 |
0.12% |
|
Guy Coltman |
33,596 |
0.01% |
* These shares are held by Barons Financial Services Limited, a company in which Mr. Kohn has a beneficial interest.
** These shares are held by Ekasure Limited, a company in which Mr. Allan has a beneficial interest
As a result of the misstated number of new Ordinary Shares issued on 20 January 2010, the previously announced total number of Noventa Ordinary Shares in issue was also incorrect. The Company now has 234,428,922 Ordinary Shares in issue.
The following table sets out details of Significant Shareholders (as defined in the AIM Rules) of the Company, as amended to reflect the corrections detailed above:
|
Ordinary |
Percentage of |
|
|
Shares Held |
Issued Shares Held |
|
|
Highland African Ventures Limited |
79,373,079 |
33.86% |
|
Fidelity Investments Limited |
18,000,000 |
7.68% |
|
BlackRock World Mining Trust plc |
12,239,902 |
5.22% |
|
JMM Trading LP |
7,500,000 |
3.20% |
Highland African Ventures Limited is owned by a trust whose trustee is Fleming Family & Partners Liechtenstein and Mr. R J Fleming is one of the potential beneficiaries. Fleming Family & Partners Liechtenstein has a total interest, including through Highland African Ventures Limited, in a total of 86,708,892 shares (36.99% of the issued shares). Mr. R J Fleming has an interest, including through Highland African Ventures Limited, in a total of 85,208,892 shares (36.35% of the issued shares).
For further information please contact:
Eric F. Kohn TD
Chairman
Noventa Limited
+41 22 8500560
+41 79 5030150
www.noventa.net
Nick Harriss/Emily Staples
Blomfield Corporate Finance Limited (Nomad)
+44 20 7444 0800
Daniel Briggs Religare Hichens, Harrison plc (Broker) +44 20 7444 0500
Related Shares:
PAR.L