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Issue of Equity

30th Nov 2015 13:56

RNS Number : 4033H
MySale Group PLC
30 November 2015
 

Issue of Equity

 

MySale Group plc (AIM:MYSL) (the Company) the leading online retailer, with established international flash sales websites, announces the issue of equity in relation to the settlement of share right awards under the Company's Executive Incentive Plan (EIP).

As announced on the 29 September 2015, with the Company's preliminary results for the year to 30 June 2015, rights over 684,042 ordinary shares vested under the terms of the EIP and included in these are 201,115 ordinary shares due to Andrew Dingle, Chief Financial Officer.

The Company announces that 684,042 new ordinary shares have today been issued to the recipients under the EIP and accordingly details of Andrew Dingle's holding, after this issue of equity, are shown below:

 

Name

Ordinary shares

Percentage

holding

Andrew Dingle

201,115

0.1%

 

Application will be made to the London Stock Exchange to admit the 684,042 new ordinary shares to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 4 December 2015.

The new ordinary shares will rank pari passu with the existing ordinary shares and following admission the total shares in issue will be 151,331,652. The total number of exercisable voting rights in the Company will be 151,331,652 which 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.

 

Enquiries:

 

MySale Group plc

Carl Jackson, Chief Executive

 

+61 (0) 414 817 843

+ 44 (0) 7895 161 153

 

Graeme Burns, Corporate Development Director

 

+44 (0) 777 585 4516

Zeus Capital Limited

Nick How, Corporate Finance

 

tel: +44 (0) 20 3829 5000

Maitland

Neil Bennett/Dan Yea

tel: +44 (0)20 7379 5151

 

 

About MySale Group

 

MySale is a leading international online retailer with established flash sales websites in Australia and New Zealand (ANZ), South-East Asia (SEA) and the United Kingdom, with over 800,000 active members. Founded in 2007, the Group provides members with access to outstanding products at exceptional value whilst providing a unique route for brand partners to manage excess inventory from the Southern Hemisphere. The websites host time limited flash sales in each of its three territories across ladieswear, menswear, childrenswear, health, beauty and homewares.

The Group's online sales are supported by an international network of supply chain infrastructure and technology that enables MySale to source products from around the world for sale and delivery to members.

As a result of this exceptional inventory management solution, MySale has built a unique international brand portfolio and sourcing capability and is able to source product from over 3,000 brand partners.

 

 

 

 

 

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