16th May 2008 16:20
Regulatory Announcement
Weatherly International plc
(the "Company")
Issue of Equity
The Company announces that it has today issued 650,000 new Ordinary Shares of 0.5p each ("Ordinary Shares") to Weatherly International Trust Company Limited in connection with the vesting of awards under the Company's Long Term Incentive Plan.
Application has been made for the 650,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 20 May 2008.
As a result of the issue of the new Ordinary Shares, the issued share capital now comprises 405,327,066 Ordinary Shares.
The total number of voting rights as at 16 May 2008 is 405,327,066. There are no shares in treasury and there is no other class of share in issue which has voting rights. This figure may be used by shareholders 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 FSA's Disclosure and Transparency Rules.
As a result of the vesting of one third of the awards under the Long Term Incentive Plan made in 2006, Directors and employees will become unconditionally entitled to a total of 648,195 Ordinary Shares on 20 May 2008 and Directors' interests in shares of the Company will increase on 20 May 2008 as follows:
|
Director |
No. of shares vested |
Total share interest following notification |
% share capital |
|
Rod Webster |
273,333 |
27,617,133 |
6.81 |
|
Wolf Martinick |
136,666 |
19,399,956 |
4.78 |
Enquiries:
Weatherly International plc Tel: +44 (0)20 7868 2232
Max Herbert/Paul Craven
Libertas Capital Tel: +44 (0)20 7569 9650
Jakob Kinde/Sandy Jamieson
Cardew Group Tel: +44 (0)20 7930 0777
Anthony Cardew/Jamie Milton
Related Shares:
Weatherly International Plc