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Exercise Of Options

15th Nov 2013 13:50

RNS Number : 1787T
Nasstar PLC
15 November 2013
 



Nasstar plc

("Nasstar" or the "Company")

Exercise of Options

 

Nasstar plc ("Nasstar" or the "Company"), which provides Hosted Desktop cloud computing, announces that 200,000 options at an exercise price of 6p were exercised on 6 November 2013. The gross proceeds of the exercise amounts to £12,000.

Accordingly, application has been made for 200,000 new ordinary shares in the Company ("Ordinary Shares") to be admitted to trading on AIM and it is expected that admission will take place on 21 November 2013 ("Admission").

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission its issued share capital will consist of 61,960,053 Ordinary Shares. The Company does not hold any shares in treasury. Shareholders may use this figure 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 Company under the FCA's Disclosure and Transparency Rules.

 

Contacts:

Nasstar plc

020 7148 5000

Charles Black, Chief Executive Officer

 

finnCap Limited

020 7220 0500

Nominated Adviser:

Julian Blunt/Charlotte Stranner/James Thompson

 

Corporate Broking:

Victoria Bates

 

Gresham PR Limited

07866 805108

Neil Boom

 

About Nasstar plc

Nasstar (www.nasstar.com) provides 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 was founded in 1998 by Charles Black. Nasstar plc was admitted to trading on the London Stock Exchange's Alternative Investment Market in December 2005 (AIM: NASA).

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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