14th Jan 2009 10:24
Daniel Stewart Securities plc
("Daniel Stewart" or "the Company")
Result of General Meeting
Director/PDMR Shareholding
The Board of Daniel Stewart Securities plc (AIM: DAN), stockbroker and corporate finance adviser to smaller and medium-sized companies, is pleased to announce that the resolution necessary to effect the placing of 25,000,000 new ordinary shares at 2p per share ("Placing Shares"), which was announced on 22 December 2008, was approved by shareholders at a General Meeting of the Company held today.
Peter Shea, Chief Executive Officer of Daniel Stewart, subscribed for 1,250,000 Placing Shares and is now beneficially interested in 45,665,933 Ordinary Shares, representing approximately 17.5 per cent. of the Company's enlarged issued share capital. Martin Lampshire, recently appointed as Head of Corporate Broking, subscribed for 2,500,000 Placing Shares and is now beneficially interested in 5,200,000 Ordinary Shares, representing approximately 2.0 per cent. of the Company's enlarged issued share capital.
Application has been made for admission of the Placing Shares to AIM, and dealings are expected to commence on 15 January 2009.
Following admission of the Placing Shares, Daniel Stewart's total issued share capital will comprise 260,311,066 Ordinary Shares of 0.25 pence each, of which 25,937,049 Ordinary Shares are held in Treasury.
Further enquiries:
Peter Shea, Chief Executive Officer
Daniel Stewart Securities plc Tel: 020 7776 6550
William Vandyk
Blue Oar Securities plc Tel: 020 7448 4400
Related Shares:
Daniel Stewart Securities Plc