8th Feb 2011 07:00
8 February 2011
Norcon plc ("Norcon" or the "Company")
Directors' shareholdings and issue of shares
This announcement corrects and replaces RNS number 8073A.
Norcon ( LSE/AIM: NCON) announces that it has issued 758,333 Ordinary shares of 1p each in the Company ("Ordinary Shares") on 26 August 2010 to management following the vesting of shares under the Norcon plc Long Term Incentive Plan related to the 2009 results. The consideration paid for these shares was 1p per share, equal to the par value of the shares pursuant to the Norcon plc Long Term Incentive Plan.
Following the issue of these Ordinary Shares, the interests of the directors concerned in the Ordinary Share capital of the Company are as set out below:
Director | Ordinary Shares awarded under LTIP | Total holding following issue | % of the Company's issued share capital |
Trond Tostrup |
36,111 |
72,222 |
0.15% |
Arnold Rørholt | 216,667 | 2,740,001 | 5.62% |
Marne Martin | 144,445 | 288,890 | 0.59% |
Gaute Vik | 216,666 | 6,604,908 | 13.53% |
Jørn Longem | 36,111 | 23,028,911* | 47.19% |
Kenneth West | 36,111 | 72,222 | 0.15% |
* These shares are held by Norconsult Telematics Holdings Limited, which is controlled by Jørn Longem and of which he is a director.
Application has been made for 758,333 Ordinary Shares to be admitted to trading on AIM. The Ordinary Shares will rank pari passu with existing ordinary shares and admission is expected to occur on 11 February 2011. The total number of shares in issue following the admission of these new Ordinary Shares will be 48,800,808.
48,800,808 is the figure which may be used by shareholders as the denominator for the calculations by which they will determined if they are required to notify their interest in, or a change to their interest in, Norcon plc under the FSA's Disclosure and Transparency Rules.
For further information, please contact:
Norcon plc | |
Arnold Rørholt, Chief Executive Officer | +47 90 11 66 90 |
Marne Martin, Chief Financial Officer | +44 (0) 78 13 92 09 74 |
Financial Dynamics | |
James Melville-Ross or Matt Dixon | +44 (0) 20 7831 3113 |
Finncap | |
Clive Carver, Charlotte Stranner, Rose Herbert or Tom Jenkins | +44 (0) 20 7600 1658 |
ABOUT NORCON:
Established in 1957, Norcon (LSE/AIM: NCON).has been a trusted consultant and project manager for more than half a century to government and some of the world's largest global firms. These organisations rely on Norcon to select, implement and maintain a communication infrastructure that not only matches, but also supports the critical needs of their operations. Norcon's strength lies in its understanding of complex communication networks and their design. www.norconplc.com
Related Shares:
NCON.L