7th Jun 2006 17:16
Commoditrade Inc.07 June 2006 7 June 2006 Commoditrade Inc("Commoditrade" or the "Company") Directors Dealings Commoditrade announces that 4,800,000 ordinary shares in the Company ("OrdinaryShares") have been placed today on behalf of Mr Chris Adams, Non-executiveDirector at 16.75p per share, the net proceeds of which will be applied in fullto meet a tax liability which was crystallised on 24 April 2006 following theacquisition by the Company of Tambelan's interest in its contract with Sucden(UK) Limited (the "Acquisition"). Mr Adams was issued 12,000,000 ordinary shares on 24 April 2006 in conjunctionwith the Acquisition, details of which were set out in the circular toshareholders dated 6 April 2006, and the funds from today's placing will beused to settle the tax liability on the issue of these shares. The lock-inarrangements entered into by Mr Adams at the time of the Acquisition permittedthe sale of such number of shares as was necessary to meet the anticipated taxliability. The balance of the shares held by Mr Adams are subject to the lock-inarrangements. Mr Adams now holds 7,200,000 ordinary shares amounting to 1.94per cent of the Company's issued share capital. Enquiries: John Bick tel: 020 7451 9800 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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