3rd Nov 2008 10:14
3 November 2008
WREN HOMES GROUP PLC
("Wren" or the "Company") (WHG/L)
Issue of equity and Director's shareholding
Wren Homes Group Plc, the AIM listed developer of Extra Care retirement living, together with a range of care and domiciliary services for the independent and active elderly, announces that following an offer from Wren's CEO Paul Treadaway, the Board has agreed to convert an amount of £55,000 owed to him by the Company, into 500,000 new Ordinary Shares of 10p each at a price of 11p per share. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.
Application has been made to the London Stock Exchange for these new Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange. Admission is expected to take place on 7 November 2008.
Following the issue of these shares, Wren has 52,422,387 fully paid Ordinary Shares in issue. In accordance with the Disclosure and Transparency Rules, Wren confirms that its issued share capital as at the date of this announcement comprises 52,422,387 Ordinary Shares of 10p each. 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 share capital of Wren under the Disclosure and Transparency Rules.
Following this transaction, Paul Treadaway has an interest in 10,490,013 Ordinary Shares, representing 20.01 per cent. of Wren's enlarged issued ordinary share capital.
Enquiries:
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Wren Homes Group plc
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Paul Treadaway
CEO
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Tel: 01372 742 244
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www.wrenhomesplc.co.uk
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Shore Capital
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Pascal Keane
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Tel: 020 7408 4090
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Adventis Financial PR
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Tarquin Edwards
Chris Steele
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Tel: 020 7034 4758/59 07879 458 364 / 07979 604 687
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Related Shares:
Wt Rene Etf