27th May 2011 17:04
27 May 2011
H&T GROUP PLC
ISSUE OF SHARES
H&T Group plc (the "Company") announces that it has issued today 233,452 ordinary shares of 5p each (the "New Ordinary Shares") in relation to the request by Kleinwort Benson (Jersey) Trustees Limited in its capacity as trustee of the H & T Group plc Employee Benefit Trust (the "Trust") to subscribe in the capital of the Company. This follows the grant of 153,928 nil cost ordinary share awards as announced on 8 April 2011 to John Nichols, Alex Maby and Steve Fenerty under the H&T Long-Term Incentive Plan and an award of 79,524 shares to other senior managers.
Application has been made for the New Ordinary Shares, ranking pari passu in all respects with the existing ordinary shares in issue, to be admitted to trading on the AIM Market of the London Stock Exchange ("Admission").
It is expected that dealings in the New Ordinary Shares will commence on 3 June 2011. Following Admission of the New Ordinary Shares, the Company will have 35,883,204 ordinary shares of 5p each in issue, with each share having one voting right.
For further information, please contact:
H&T Group plc | Tel: 0870 9022 600 |
John Nichols, Chief Executive | |
Alex Maby, Finance Director | |
Hawkpoint Partners Limited (Nominated adviser) | Tel: 020 7665 4500 |
Lawrence Guthrie / Sunil Duggal | |
Numis Securities (Broker) | Tel: 020 7260 1000 |
Mark Lander | |
Pelham Bell Pottinger (Public relations) | Tel: 020 7861 3139 |
Damian Beeley |
Related Shares:
H&t Group Plc