26th Feb 2010 12:48
26 February 2010
Daniel Stewart Securities PLC
("Daniel Stewart" or "the Company")
NOTIFIABLE INTERESTS
Further to its announcement of 18 February 2010, regarding the conversion of £250,000 of the £1 million two-year unsecured credit facility, which is provided primarily by FCI A.G., into 12,500,000 new ordinary shares of 0.25p each ("New Ordinary Shares"), the Board of Daniel Stewart is pleased to announce that the New Ordinary Shares have been issued to FCI FZE ("FCI").
Following the issue of the New Ordinary Shares, the enlarged issued share capital of Daniel Stewart ("Enlarged Share Capital") is 350,311,066 ordinary shares. The New Ordinary Shares represent approximately 3.57% of the Enlarged Share Capital. The Enlarged Share Capital does not include the 50,000,000 ordinary shares to be issued as consideration for the acquisition of MENA-RL, as announced on 18 February 2010.
Prior to the issue of the New Ordinary Shares, FCI held 2,991,000 ordinary shares in the Company, which represents approximately 0.85% of the Enlarged Share Capital. In addition to the New Ordinary Shares, on 25 February 2010, FCI acquired 250,000 ordinary shares at a price of 2.7p, representing approximately 0.07% of the Enlarged Share Capital.
Therefore FCI holds a total interest in Daniel Stewart of 15,741,000 ordinary shares, representing approximately 4.49% of the Enlarged Share Capital.
Further information:
Peter Shea, Chief Executive Officer Daniel Stewart Securities PLC |
Tel: 020 7776 6550 |
Nick Tulloch Arbuthnot Securities Limited |
Tel: 020 7012 2158 |
Nick Rome/Siobhra Murphy Bishopsgate Communications |
Tel: 020 7562 3366 |
Notes to Editors:
About Daniel Stewart
Daniel Stewart Securities is an AIM-listed company providing a range of investment banking services to Small Cap publicly traded and non-publicly traded companies. The Group has two subsidiaries, Daniel Stewart and Company, the Group's principal operating subsidiary, which is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange, and Daniel Stewart Capital, the Group's leasing and debt financing division.
Daniel Stewart is regulated by the FSA, is an AIM Nominated Adviser and PLUS Market corporate adviser, as well as being a regulated broker to both the Official List and AIM. It currently acts for approximately 50 AIM companies and is actively seeking to increase its client base with companies who will benefit from its specialised corporate advisory and institutional stock broking services.
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Daniel Stewart Securities Plc