5th Jun 2015 11:16
5 June 2015
Northbridge Industrial Services Plc
("Northbridge" or the "Company")
Exercise of options, issue of equity and Director dealing
Northbridge Industrial Services plc, the industrial services and rental company, announces that Ash Mehta, Non-executive Director of the Company, today exercised options over 50,822 new ordinary shares of 10p each ("Ordinary Shares").
As a result, application has been made for admission to trading on AIM ("Admission") of 50,822 new Ordinary Shares. It is expected that admission will occur on 11 June 2015.
18,494 of the options were exercised at a price of 146.96 pence per Ordinary Share, 6,164 at 150.86 pence per Ordinary Share, 6,164 at 149.88 pence per Ordinary Share and 20,000 at 186.00 pence per Ordinary Share.
Following the transaction, Ash Mehta's holding will increase to 64,969 Ordinary Shares representing 0.35% of the issued share capital.
Total voting rights
Following Admission, the Company's issued share capital will comprise 18,640,708 Ordinary Shares, including 215,150 Ordinary Shares held in treasury.
Therefore the figure of 18,425,558 ordinary shares should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information
Northbridge Industrial Services plc 01283 531645
Eric Hook, Chief Executive Officer
Craig Robinson, Finance Director
Westhouse Securities Limited (Nominated Adviser and Broker) 020 7601 6100
Robert Finlay/Antonio Bossi /Henry Willcocks
Buchanan Communications 020 7466 5000
Charles Ryland / Stephanie Watson
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends based on providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Azerbaijan, Australia, Belgium, Singapore and New Zealand and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.
Related Shares:
NBI.L