20th Dec 2010 07:00
Noventa Limited
("Noventa" or the "Company")
Issue of Equity
20 December 2010
The Company received notice on 17 December 2010 of exercise of warrants, subscribing for 160,000 new ordinary shares of 0.04p each ("Ordinary Shares") at a price of 4p per share ("Warrant Exercise") and a total subscription value of £6,400.
Application will be made to the London Stock Exchange for the new Ordinary Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence on 24 December 2010.
The following table sets out details of Significant Shareholders (as defined in the AIM Rules) of the Company following the Warrant Exercise.
Ordinary Shares held
| Percentage of Ordinary Shares held | |
Highland African Ventures Limited # | 79,373,079 | 16.05% |
Richmond Capital LLP | 42,156,000 | 8.53% |
Panta Holdings BV | 21,367,911 | 4.32% |
Kaizan Capital LLC | 26,648,900 | 5.39% |
JMM Trading LP | 16,769,507 | 3.39% |
Fidelity Investments Limited | 15,090,100 | 3.05% |
# Highland African Ventures Limited is owned by a trust whose trustee is Fleming Family & Partners Liechtenstein and Mr. R J Fleming is one of the potential beneficiaries. Fleming Family & Partners Liechtenstein has a total interest, including through Highland African Ventures Limited, in a total of 89,203,154 shares (18.04 per cent. of the issued shares). Mr. R J Fleming has an interest, including through Highland African Ventures Limited, in a total of 85,208,892 shares (17.23 per cent. of the issued shares).
The following table sets out details of Director's Shareholdings (as defined in the AIM Rules) of the Company following the Warrant Exercise.
Ordinary Shares
| Percentage of Ordinary Shares held
| ||||
Eric Kohn TD * | 6,321,528 | 1.28% | |||
Kean Chung *** | 5,810,441 | 1.18% | |||
John Allan ** | 3,093,282 | 0.63% | |||
Pat Lawless | 680,950 | 0.14% | |||
Dr Joachim Martin | 396,484 | 0.08% | |||
Tim Griffiths | 303,986 | 0.06% | |||
Guy Coltman | 122,234 | 0.02% | |||
Leslie Heymann | 0 | 0.00% | |||
* These shares are held by Barons Financial Services Limited, a company in which Mr. Kohn has a beneficial interest.
** These shares are held by Ekasure Limited, a company in which Mr. Allan has a beneficial interest
*** 5,500,000 of these shares are held by a family trust of which Mr. Chung is a potential beneficiary
Following the Warrant Exercise, the Company will have 494,459,865 Ordinary Shares in issue and following the issue of all of the 29,859,511 Additional Subscription Shares (as defined in the Company's 'Issue of Equity' announcement of 3 September 2010) the Company will have 514,366,206 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury.
For further information please contact:
Eric F. Kohn TD
Chairman
Noventa Limited
+41 22 8500560
+41 79 5030150
www.noventa.net
Nick Harriss/Emily Staples
Religare Capital Markets (Nomad)
+44 20 7444 0800
Andrew Chubb/Kit Stephenson
Canaccord Genuity Limited (Joint Broker):+44 20 7050 6500
Daniel BriggsReligare Capital Markets (Broker)+44 20 7444 0500
Related Shares:
PAR.L