31st Jan 2008 16:33
Lo-Q PLC31 January 2008 Directors' shareholdings Lo-Q plc (the "Company") The Company received notification that John Lillywhite and Tony Bone, directorsof the Company, have today exercised options over 209,000 ordinary shares of 1peach in the Company ("Shares") and 182,875 Shares respectively, all at anexercise price of 3.5p per Share. The Company also received notification that today Mr Lillywhite and Mr Bone havesold 104,500 Shares and 91,437 Shares respectively at 18p per Share in order torealise sufficient funds to settle the resultant tax and national insuranceliability arising as a result of the exercise of their options. As a result of the above transactions, Mr Lillywhite's interest comprises145,500 Shares, representing 0.9 per cent. of the enlarged issued share capitalof the Company, and Mr Bone's interest comprises 331,517 Shares, representing2.12 per cent. of the enlarged issued share capital of the Company. The Company also received notification today that Jeff McManus, Chairman of theCompany, purchased 50,000 Shares at a price of 18p per Share, and that SteveDrake, director of the Company, purchased 20,000 Shares at a price of 18.5p perShare. As a result of these purchases, Mr McManus is now interested in 953,414Shares representing 6.2 per cent. of the enlarged issued share capital of theCompany, and Mr Drake is now interested in 234,384 Shares representing 1.53 percent. of the enlarged issued share capital of the Company. Application has been made for the 391,875 new Shares to be admitted to tradingon AIM. The new Shares will rank pari passu with the Company's existing issuedShares. Admission is expected to take place on 6 February 2008 ("Admission"). Total Voting Rights In accordance with the FSA's Disclosure and Transparency Rules, the Companynotifies that upon Admission the Company's total issued share capital withvoting rights will consist of 15,321,101 ordinary shares of 1p each, with onevoting right per share. The Company holds no shares in Treasury. The above figure may be used from Admission by shareholders in the Company asthe denominator for the calculations by which they will determine if they arerequired to notify their interest in, or a change in their interest in, theshare capital of the Company. Contact: Jeffrey McManus +44 (0) 1491 577 210Non-Executive Chairman John Prior +44 (0) 20 7012 2000Arbuthnot Securities Limited This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Accesso Technology Group