1st Sep 2009 13:10
NOVENTA LIMITED
("Noventa" or the "Company")
[AIM: NVTA]
Allotment of Shares to Directors
1 September 2009
Further to the announcement made on 4 August 2009, 3,000,000 ordinary 0.04p shares ("Shares") have been allotted in relation to the share based incentive programme for as a result of the Company's share price reaching and then remaining above 6p on a 30 day moving average.
2,000,000 shares have been allotted to Barons Financial Services Limited, ("Barons") a company in which the Chairman, Eric Kohn TD has a beneficial ownership. As a result of this allotment, Barons, in which Mr Kohn has a beneficial interest, now owns 4.71% of the issued share capital of the Company.
1,000,000 shares have been allotted to Ekasure Limited, ("Ekasure") the company through which the services of the Chief Executive, John Allan, are provided. As a result of this allotment, Ekasure, in which Mr Allan has a beneficial interest, now owns 2.36%% of the issued share capital of the Company. Neither director previously held any beneficial interest in the issued share capital of the Company. Both allottees have agreed not to sell the shares, other than in limited circumstances, for a period of one year from issue.
As a result of this allotment of new shares, the Company now has a total of 42,447,104 Ordinary 0.04p Shares in issue. An application has been made for the new shares will be admitted to trading on AIM from 7 September 2009.
For further information please contact:
Eric F. Kohn TD
Chairman
Noventa Limited
+41 22 8500560
+41 79 5030150
www.noventa.net
Nick Harriss/Emily Morgan
Blomfield Corporate Finance Limited
+44 20 7489 4500
Daniel BriggsReligare Hichens, Harrison plc+44 20 7382 7776
Related Shares:
PAR.L