17th Oct 2008 07:00
17 October 2008
SPIRITEL PLC
("Spiritel" or "the Company")
Issue of Equity and Director/PDMR Shareholdings
The Board of SpiriTel (AIM: STP), the business communications service provider, is pleased to announce that the Company yesterday raised £370,000 through a subscription for 37,000,000 new Ordinary Shares of 1 pence each ("Ordinary Shares") at a subscription price of 1 pence per share. The purpose of the share placing is to support the Company's acquisition programme.
The following Directors/PDMRs subscribed for new Ordinary Shares and their resultant beneficial interests are as follows:
|
Name |
Number of Ordinary Shares subscribed |
Subscription price per Share |
Resultant Holding in Ordinary Shares |
Resultant Holding as a % of Issued Share Capital |
|
Lord St John of Bletso, Non-Executive Chairman |
1,000,000 |
1p |
1,823,333 |
0.31 |
|
David Anahory Managing Director, Spiritel Business |
5,000,000 |
1p |
5,625,000 |
0.95 |
|
Steven Maine Non-Executive Deputy Chairman |
500,000 |
1p |
500,000 |
0.08 |
|
Andrew Booth Company Secretary |
500,000 |
1p |
500,000 |
0.08 |
Application has been made to AIM and admission is expected to take place on 22 October 2008. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company. The total number of Ordinary Shares in issue following the placing will be 590,639,692. There are no Ordinary Shares held in treasury and therefore the total number of Ordinary Shares with voting rights in the Company is 590,639,692.
The above figure of 590,639,692 Ordinary Shares 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.
For further information please visit www.spiritelplc.com or contact:
|
SpiriTel plc |
Daniel Stewart & Company plc |
Tavistock Communications |
|
Alastair Mills |
Simon Leathers |
Simon Hudson |
|
Chief Executive |
Tessa Smith |
Clemmie Carr |
|
Tel: +44 20 7160 0100 |
Tel: +44 20 7776 6550 |
Tel: 020 7920 3150 |
Notes to Editors
SpiriTel is a fully integrated business communications group which enables its customers to take advantage of the opportunities created by rapidly changing telecoms markets as the migration to Internet Protocol (IP) based services accelerates. The Group is a consolidator of the highly fragmented UK telecoms reseller market and is building a substantial customer base and scale through selective acquisitions. We are organised into two divisions, SpiriTel Technologies - focused on IP networking and wholesale voice services - and SpiriTel Business, which provides a full range of voice and data services directly to our Business customers.
SpiriTel offers fixed and mobile voice and data communications solutions including Voice over IP (VoIP), data networking, telephone systems and ISP services to a rapidly expanding customer base. We are a leader in the provision of new, but proven, VoIP solutions that are firmly based on the old-fashioned service values which run throughout the Group.
Related Shares:
STP.L