13th Apr 2011 14:43
ILA GROUP LIMITED
(the "Company")
Issue of Shares and Holdings in Company
Further to the announcement of 16 March 2011, the Company is pleased to announce the final allotment of the contingent shares resulting from the reverse acquisition of Baylon Holdings Ltd. The company will issue 154,400,846 ordinary shares, representing approximately half of the contingent consideration shares agreed for the acquisition which took place on 5 March 2010. The shares will be admitted to trading on AIM on 19 April 2011.
Total voting rights in the Company will be 839,012,790.
The following directors have received shares in the Company as a result of this transaction:
Director | Shares Received | Total Shares | Percentage Holding |
Simon McGivern | 21,130,661 | 74,312,883 | 8.86 |
James Phillips | 21,130,647 | 74,312,830 | 8.86 |
Enquiries:
Ila Group Limited 020 3 384 7134
Simon McGivern, Chief Executive Officer
Paul Gazzard, Chief Operating Officer
finnCap 020 7600 1658
Charles Cunningham/Ben Thompson - corporate finance
Joanna Weaving - corporate broking
Lothbury Financial Services 020 7868 2010
Gary Middleton
Simon Astley
Related Shares:
LBB.L