5th Nov 2012 07:00
5 November 2012
Ultrasis plc
("Ultrasis" or the "Company")
Issue of Shares under Share Incentive
Plan Block Listing Six Monthly Update
Ultrasis, the provider of interactive health care services, today announces the issue of 1,136,250 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") under its Share Incentive Plan ("SIP"), which was previously announced on 18 October 2011.
As participants in the SIP and Directors of the Company, Nigel Brabbins (Chief Executive) and John Smith (Sales Director) have, as required by the AIM Rules, notified the Company that they acquired the following Ordinary Shares ("Partnership Shares") and have been conditionally awarded the following Ordinary Shares ("Matching Shares"), under the terms of the SIP and at a price of 0.4p each (being the lower of the price at the start of the accumulation period and the price on the acquisition date as set out in the HMRC approved SIP rules):
No. of Partnership Shares | Purchase price | No. of Matching Shares | Purchase price
| |
Nigel Brabbins
| 93,750 | 0.4p | 187,500 | 0. 4p |
John Smith | 93,750 | 0.4p | 187,500 | 0. 4p |
The SIP is open to all employees on the same terms where, for every Ordinary Share purchased by an employee, the Company will match it with two Matching Shares. The Matching Shares are released at the end of a three year holding period (subject to the SIP rules) and the maximum amount that may be invested in Partnership Shares in any tax year is £1,500 per employee. Nigel Brabbins and John Smith have each committed to invest the maximum of £125 per month.
Following this transaction, Nigel Brabbins and John Smith now hold the following Ordinary Shares, together with options over the same (including Matching Shares) and exercisable at various prices up to 1.35 pence, as follows:
No. of Ordinary Shares | % of Issued Share Capital | No. of options
| |
Nigel Brabbins
| 2,885,323 | 0.19 | 58,666,667 |
John Smith | 2,001,063 | 0.13 | 17,666,667 |
Application has been made for the 1,136,250 new Ordinary Shares to be admitted to trading on AIM ("Admission"), which is anticipated to occur on 8 November 2012.
For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue following Admission will be 1,522,569,811 each carrying the right to one vote.
The above figure of 1,522,569,811 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Ultrasis under the FSA's Disclosure and Transparency Rules.
Block Listing Six Monthly Update
The Company provides the following update in accordance with Schedule Six of the AIM Rules for Companies regarding its existing block listing arrangements:
a | Name of company
| Ultrasis PLC |
b | Name of scheme
| Unapproved and EMI Share Option Schemes |
c | Period of return (from/ to)
| 03 May 2012 to 02 November 2012 |
d | Number and Class of Securities not issued at the start of the period under the scheme
| 151,100,000 (ordinary shares of 0.1 pence each) |
e | Number of securities issued under the scheme during the period
| Nil (ordinary shares of 0.1 pence each)
|
f | Balance under the scheme of securities not yet issued at the end of the period
| 151,100,000 (ordinary shares of 0.1 pence each) |
g | Number and class of securities originally admitted and the date of admission | 39,600,000 (ordinary shares of 0.1 pence each) Date of Grant of Listing - 09 November 2010
111,500,000 (ordinary shares of 0.1 pence each) Date of Grant of Listing - 31 July 2009 |
For further information contact:
Ultrasis plc Nigel Brabbins, CEO
| Tel: +44(0) 20 7535 2050
|
Strand Hanson Limited Stuart Faulkner / James Spinney
| Tel: +44(0) 20 7409 3494 |
JBP Public Relations | Tel: +44 (0) 11 7907 3400 |
Chris Lawrance
Related Shares:
Ultrasis Plc