20th Jan 2006 10:06
FOR IMMEDIATE RELEASE 20 JANUARY 2006 SCOTT TOD PLC ("Scott Tod" or "the Company") ISSUE OF EQUITY Scott Tod plc announces that it has successfully completed a placing of2,555,151 Ordinary Shares of 1p each ("Shares") at a placing price of 11.5pence per Share, which compared with a middle market price of 10 pence perShare at the close of business on 19 January 2005, represents a premium of 15per cent. Application is being made for the new Shares to be admitted totrading on AIM on 26 January 2006.Certain of the Directors have taken up an aggregate of 1,351,304 Shares. DavidMassie, Chairman and Managing Director, who previously held 4,025,000 Shares(12.9% of the existing share capital) has taken up 951,304 Shares (3.05% of theexisting share capital), and following the Placing he holds 4,976,304 Shares(14.7% of the enlarged issued share capital). Mr L Watts, Chief Executive, whopreviously held 1,500,000 Shares (4.8% of the existing share capital) has takenup 173,913 Shares (0.56% of the existing share capital) and now holds 1,673,913Shares (5.0%). Mr Ashley, who previously held 100,000 Shares ( 0.32% of theexisting share capital) has taken up 217,391 Shares (0.7% of the existing sharecapital) and now holds 317,391 (0.94%). Mr W Dixon has taken up 8,696 Shares(0.03% of the existing share capital) and now holds 8,696 Shares (0.03%).The Placing has raised ‚£293,842 before expenses which will provide additionalworking capital for the Company.For further information:Scott Tod PlcDavid Massie (Chairman) 020 7389 1770Cubitt ConsultingBrian Coleman Smith / Nia Thomas / Allison Reid 020 7367 5100Mobile 07802 724 400ENDSCOTT TOD PLCRelated Shares:
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