20th Sep 2005 16:31
Ideal Shopping Direct PLC20 September 2005 Ideal Shopping Direct Plc (the "Company") 20 September 2005 PLACING The Company today announces that Teather & Greenwood has placed 4.5 millionexisting Ordinary Shares of 3 pence each (the "Shares") in Ideal Shopping Directrepresenting 15.3 per cent. of the Company's issued share capital at a price of360 pence per share. The Shares have been placed on behalf of Mr Paul Wright, Deputy Chairman of theCompany, and Valerie Kaye, a Non-Executive Director of the Company. Mr Wright sold 3,000,000 ordinary shares in the Company at a price of 360 penceper share. Mr Wright's holding following this transaction is 3,900,000 ordinaryshares of 3 pence each representing 13.3 per cent. of the Company's ordinaryissued share capital. Valerie Kaye sold 1,500,000 ordinary shares in the Company at a price of 360pence per share. Miss Kaye's holding following this transaction is 2,200,000ordinary shares of 3 pence each representing 7.5 per cent. of the Company'sordinary issued share capital. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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