30th Jun 2006 07:01
ukbetting PLC30 June 2006 30 June 2006 ukbetting plc Completion of Exercise of Founder Shareholder Warrants Founder shareholders significantly increase their holding in the company through £5.5 million investment Further to the announcement made on 30 May 2006, ukbetting plc (UKB.L), ("theCompany") the online sports content and gaming company, today announces thatPeter Dubens, Chairman of the Company, has exercised 9,280,000 foundershareholder warrants over ordinary shares of 1p each in the Company ("OrdinaryShares") at an exercise price of 25p per Ordinary Share, granted for co-foundingthe Company in 2001. Mr Dubens has also taken up the Further SubscriptionRights to Ordinary Shares attached to these founder shareholder warrantsamounting to 1,160,000 Ordinary Shares at an exercise price of 25p. Mr Dubens'further investment in the Company as a result of these transactions amounts to£2.61 million. Following these transactions, Mr Dubens has increased his interest in theCompany from 644,571 Ordinary Shares (representing 0.6% of the Company's issuedshare capital) to 11,084,571 Ordinary Shares (representing 8.1% of the Company'sissued share capital). He also holds options over 770,270 Ordinary Shares(representing 0.6% of the Company's issued share capital). The Company also announces that Eric Semel, Chief Executive of the Company, hasexercised 10,400,000 founder shareholder warrants at an exercise price of 25pper Ordinary Share. Mr Semel has also taken up the Further Subscription Rightsto Ordinary Shares attached to these founder shareholder warrants amounting to1,300,000 Ordinary Shares at an exercise price of 25p, granted for co-foundingthe Company in 2001. Mr Semel's further investment in the Company as a resultof these transactions amounts to £2.925 million. Following these transactions, Mr Semel has increased his interest in the Companyfrom 496,100 Ordinary Shares (representing 0.4% of the Company's issued sharecapital) to 12,196,100 Ordinary Shares (representing 8.9% of the Company'sissued share capital). He also holds options over 1,520,270 Ordinary Shares(representing 1.1% of the Company's issued share capital). Following this transaction the total number of shares in issue amounts to137,389,292 and the cash position of the Company is £12.5m. -ends- For further information contact: ukbetting plcPeter Dubens, Chairman 020 7766 6909 Financial DynamicsEdward Bridges / Juliet Clarke / Hannah Sloane 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
365.L