28th Mar 2008 15:11
Savile Holdings Plc (the "Company" or "Savile") Issue of equity / directors dealing
Issue of equity
The Board announces that today the Company has raised ‚£115,000 through the placing of 958,333 new ordinary shares of 3 pence each in the Company at a price of 12 pence per share. Certain of the directors of the Company have participated in the placing, further details of their participation are set out below.
The proceeds of the placing will be used to provide the Company with additional working capital.
Application has been made for the 958,333 new ordinary shares to be admitted to AIM and dealings are expected to commence on or around 3 April 2008.
Following the placing, the issued share capital of the Company will comprise 12,131,234 ordinary shares of 3 pence each.
Directors dealing
The directors set out below have participated in the placing:-
Director Number of Number of shares Percentage of shares held subsequent issued share subscribed for to placing capital in placing Jonathan Cohen 125,000 1,212,776* 10.0%Peter Evans 125,000 1,462,776 12.1%Peter Conroy 125,000 1,762,776* 14.5%Mrs Marian Linda Jackson 333,333 563,333 4.6%Mrs Helen Pitcher 208,333 208,333 1.7%Mark Sidlin 41,667 41,667 0.3%
*Peter Conroy's shares were acquired through Bee Securities, an entity in which Mr Conroy has a 100 per cent interest. Included in both Jonathan Cohen's and Peter Conroy's holdings are 1,087,776 shares are held jointly between Jonathan Cohen and Bee Securities Ltd.
Enquiries:Savile Holdings plcJonathan CohenChairmanTel: 020 7816 0707Nominated Adviser to FairplaceCity Financial Associates LimitedTony RawlinsonTel: 020 7492 4777
SAVILE HOLDINGS PLCRelated Shares:
Ls -3x Avgo