6th Feb 2014 16:41
For immediate release
6 February 2014
Nasstar plc ("Nasstar" or the "Company")
Director Shareholding
Nasstar, the cloud service provider, has today been notified that Lord Daresbury, Chairman of the Company, has today transferred 2,586,542 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") from the Corporation of Lloyds, Nameco (no 76) to a trust (Daresbury SWE9501 Limited), the sole beneficiary of which is Lord Daresbury (the "Transfer"). The price at which the Transfer was carried out was 7.5p with no gain or loss being realised on the Transfer. Since Lord Daresbury is the sole beneficiary of both the transferee and transferor, his overall beneficial interest in the Company has not changed and remains at 5,101,062 Ordinary Shares, equivalent to 1.44 per cent. of Nasstar's issued ordinary share capital.
Enquiries:
Nasstar Plc 01952 225 000
Nigel Redwood - Chief Executive Officer
Niki Redwood - Finance Director
finnCap Limited (Nominated Adviser & Broker) 020 7220 0500
Julian Blunt - Corporate finance
Victoria Bates - Corporate broking
Gresham PR Limited 07866 805108
Neil Boom
About Nasstar plc
Nasstar (www.nasstar.com) and its wholly owned subsidiary e-know.net (www.e-know.net) provide hosted desktop and hosted exchange cloud computing services that enable subscribers to access their corporate desktop, files, applications and email in the Cloud rather than using local hard drives. Hosted desktop is a highly scalable service that provides benefits including anywhere access to computing, a standardised corporate desktop solution that can be accessed globally and in multiple languages and cost savings when compared to the traditional IT ownership model, replacing capital expenditure with a simple usage based payment model.
Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in December 2005 and acquired e-know.net in a reverse takeover in January 2014.
Ends
Related Shares:
NASA.L