25th Oct 2010 07:00
Noventa Limited
("Noventa" or the "Company")
Issue of Equity
25 October 2010
The Company has received notice of exercise of warrants, subscribing for 210,000 new ordinary shares of 0.04 pence each ("Ordinary Shares") at 4p per share ("Warrant Exercise") at a total subscription value of £8,400. An application will be made to admit these new shares for trading with effect from 29 October 2010.
In addition, the Company was informed on 22 October 2010 that Fidelity Investments Limited now holds 16,331,100 Ordinary Shares (the "Declaration").
The following table sets out details of Significant Shareholders (as defined in the AIM Rules) of the Company following the Warrant Exercise and the Declaration.
|
|
Shares Held
|
Percentage |
|
|
|
|
|
Highland African Ventures Limited # |
79,373,079 |
24.04% |
|
Fidelity Investments Limited |
16,331,100 |
4.95% |
|
JMM Trading LP |
15,103,557 |
4.57% |
|
BlackRock Investment Management |
14,732,208 |
4.46% |
|
Marlborough UK Micro-Cap Growth Fund |
11,983,988 |
3.63% |
|
Compagnie Internationale de Participations Bancaires et Financieres SA |
9,953,170 |
3.01% |
|
|
|
|
|
|
|
|
# Highland African Ventures Limited is owned by a trust whose trustee is Fleming Family & Partners Liechtenstein and Mr. R J Fleming is one of the potential beneficiaries. Fleming Family & Partners Liechtenstein has a total interest, including through Highland African Ventures Limited, in a total of 89,203,154 shares (27.04% of the issued shares). Mr. R J Fleming has an interest, including through Highland African Ventures Limited, in a total of 85,208,892 shares (25.83% of the issued shares).
The following table sets out details of Director's Shareholdings (as defined in the AIM Rules) of the Company following the the Warrant Exercise.
|
|
Ordinary Shares Held |
Percentage of Issued Shares Held
|
|
Kean Chung *** |
5,810,441 |
1.76% |
|
Eric Kohn TD * |
4,321,528 |
1.31% |
|
John Allan ** |
2,093,282 |
0.63% |
|
Pat Lawless |
680,950 |
0.21% |
|
Dr Joachim Martin |
396,484 |
0.12% |
|
Tim Griffiths |
303,986 |
0.09% |
|
Guy Coltman |
122,234 |
0.04% |
|
Leslie Heymann |
0 |
0.00% |
* These shares are held by Barons Financial Services Limited, a company in which Mr. Kohn has a beneficial interest.
** These shares are held by Ekasure Limited, a company in which Mr. Allan has a beneficial interest
*** 5,500,000 of these shares are held by a family trust of which Mr. Chung is a potential beneficiary
Following the Warrant Exercise, the Company will have 330,146,018Ordinary Shares in issue and following the issue of all of the 29,859,511 Additional Subscription Shares (as defined in the Company's 'Issue of Equity' announcement of 3 September 2010) the Company will have 350,052,359 Ordinary Shares in issue. The Company does not hold any shares in treasury.
For further information please contact:
Eric F. Kohn TD
Chairman
Noventa Limited
+41 22 8500560
+41 79 5030150
www.noventa.net
Nick Harriss/Emily Staples
Religare Capital Markets (Nomad)
+44 20 7444 0800
Daniel Briggs Religare Capital Markets (Broker) +44 20 7444 0500
Andrew Chubb/Kit Stephenson
Canaccord Genuity Limited (Joint Broker): +44 20 7050 6500
Related Shares:
PAR.L