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Issue of Equity and Director Dealing

17th Sep 2013 07:00

RNS Number : 1369O
Sweett Group PLC
17 September 2013
 



17 September 2013

 

Sweett Group plc (the "Company")

 

Issue of Equity and Director Dealing

 

The Company announces that on 11 September 2013, it issued and allotted 20,000 new ordinary shares of 10p each in the Company ("Ordinary Shares") following the exercise of options by an employee of a subsidiary undertaking of the Company. In addition, the Company intends to issue and allot 216,346 new Ordinary Shares later today, following the exercise of options by Derek Pitcher, an executive director of the Company, at an exercise price of 20.8p per new Ordinary Share. Following Admission (as defined below), Mr Derek Pitcher will hold 1,994,251 Ordinary Shares in the Company (2.94% of the Company's issued share capital).

 

Application has been made to the London Stock Exchange for 236,346 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 18 September 2013.

 

Following Admission, the Company's enlarged issued share capital will comprise 67,930,401 ordinary shares, with voting rights. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares in the Company with voting rights will be 67,930,401. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

 

 

For further information, please contact:

 

 

Sweett Group plc 020 7061 9053

Patrick Sinclair, Company Secretary

 

 

Westhouse Securities Limited 020 7601 6100

Tom Griffiths

Paul Gillam

 

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