1st Jul 2015 07:00
Velox3 Plc
(the "Company" or "Velox3")
Directors dealing and issue of shares
Following the announcement of 16 February 2015, the Company announces that it has issued to Non-Executive directors, the Executive director and other members of the management team 4,555,083 new ordinary shares of no par value ("Ordinary Shares") in lieu of all fees outstanding to them at a price of 3.5p per share.
Application has been made for admission to trading on AIM ("Admission") of the 4,555,083 new Ordinary Shares. The new Ordinary Shares will rank pari passu with all existing Ordinary Shares and it is expected that Admission will occur on or around 6 July 2015.
As a result of the issue of the new Ordinary Shares, the following directors' holding in the share capital of the Company will be as follows:
|
| Resulting total holding in the Company's share capital | |
Director | Number of new Ordinary Shares subscribed for | Ordinary Shares (directly and indirectly held) | As a percentage of the issued share capital |
David Mathewson | 1,247,618 | 1,905,788 | 1.0% |
Rogier Smit | 1,579,808 | 16,579,809 | 8.6% |
Mark Rosman | 740,788 | 8,327,038 | 4.3% |
Total voting rights
Following Admission the Company's issued share capital will comprise 193,031,360 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure may 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 to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
For further information please contact:
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Related Shares:
B90 Holdings