20th May 2011 17:24
AIM: KLN
20 May 2011
The Kellan Group PLC
("Kellan", the "Company" or "Group")
Issue of equity
Kellan announces today that a total of 724,728 ordinary shares of 2 pence each in the Company ('Ordinary Shares') have been issued to certain Directors and existing shareholders of the Company in satisfaction of interest due on the Company's 2015 convertible loan notes.
Changes in discloseable interests are as follows:
Director/Shareholder | Ordinary Shares issued | Shareholding immediately following Admission | Percentage of enlarged issued share capital |
John Bowmer | 144,560 | 13,321,386 | 12.62 |
Anthony Reeves | 115,648 | 13,266,559 | 12.57 |
James McHugh | 115,648 | 10,193,219 | 9.66 |
Gerald Bereika | 115,648 | 5,693,308 | 5.39 |
Application has been made to the London Stock Exchange for 724,728 Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 27 May 2011. These shares will rank pari passu in all respects with the existing issued Ordinary Shares in the Company. The total issued share capital of Kellan following this allotment will be 105,539,327 Ordinary Shares. No Ordinary Shares are held in treasury.
ENQUIRIES:
The Kellan Group PLC | |
Ross Eades, Chief Executive Officer Rakesh Kirpalani, Financial Director | Tel: 020 7268 6200 |
Merchant Securities Limited | |
David Worlidge / Virginia Bull | Tel: 020 7628 2200 |
NOTES:
Kellan is a market leading recruitment business operating across a wide range of functional disciplines and industry sectors.
Kellan operates through a portfolio of premium brands within the currently fragmented recruitment sector. Currently, through its three recruitment brands, Berkeley Scott, Quantica and RK, Kellan has the capability and resource to recruit professionals into finance & accounting, information technology, supply chain & procurement, legal, retail, manufacturing, catering, hospitality and leisure.
Kellan currently operates through 16 UK offices, seven businesses and three brands.
http://www.kellangroup.co.uk/
Related Shares:
Kellan Group