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Issue of Equity

19th Nov 2010 14:23

RNS Number : 5235W
Specialist Energy Group PLC
19 November 2010
 



For immediate release: 19 November 2010

 

Specialist Energy Group plc

("SEG", the "Group" or the "Company")

 

Issue of Equity

 

The Company has today issued 64,577 new ordinary shares of 1p each to the remaining Southbank UK Ltd shareholder on the same terms as the original offer made by the Company (formerly Nviro Cleantech plc) for Southbank UK Limited.

 

The shares held by the remaining Southbank UK Ltd shareholder were excluded from the original offer and the subsequent squeeze out of minority shareholders of Southbank UK Ltd as the shares were, at the time of the original offer, held by shareholders based in the United States, who were unable to participate in the original offer.

 

Total Voting Rights

As a consequence of the issue of equity as detailed above, the Company's issued ordinary share capital will consist of 25,090,737 ordinary shares of 1p each with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 25,090,737 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules. 

 

The new ordinary shares will rank pari passu with existing ordinary shares and these new ordinary shares have been admitted to trading on AIM.

 

-Ends-

 

Contact details:

 

Specialist Energy Group plc

Ewan Lloyd-Baker, Chief Executive Officer

Nick Flanagan, Finance Director

 

Tel: 020 7747 8380

Tel: 020 7747 8384

 

Finncap

Nomad and Broker

Marc Young

 

 

Tel: 020 7600 1658

 

GTH Media Relations

Toby Hall

Christian Pickel

 

Tel: 020 3103 3903

Tel: 020 3103 3902

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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