19th Nov 2010 14:23
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 |
Related Shares:
HAYT.L