5th Feb 2007 07:01
Crescent Hydropolis Resorts PLC05 February 2007 CRESCENT HYDROPOLIS RESORTS PLC ANNOUNCEMENT (for immediate release) Issue of Equity for Bonus Payments The Directors of Crescent Hydropolis Resorts Plc announce that the Company hasissued and allotted 180,000 Ordinary Shares to six individuals, three of whomare employees of the Company and three of whom are non-professional advisers ofthe Company, at €0.54 (37p) per Ordinary Share to reduce outstanding liabilitiesowed by the Company by €99,000. Shares received by employees of the Company are considered bonus payments,declared and authorized by the Directors, and amount to 90,000 of the 180,000shares issued. Three non-professional advisers received the balance of 90,000shares in lieu of services rendered to the Company. Application will be made for these Ordinary Shares to be admitted to trading onAIM. Save as disclosed, there is no other relevant information required underAIM Rules. For further information, please contact: Alfred Wuttke Mansoor IjazChief Executive Deputy [email protected] [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Citius Resources