24th Jun 2008 07:00
Advent Capital (Holdings) PLC
("Advent" or the "Company")
Share Consolidation and Total Voting Rights
Advent Capital (Holdings) PLC announces that the 1 for 10 share consolidation approved by shareholders at the Annual General Meeting on 9 April 2008 with a record date of 23 June 2008 has been implemented and the new ordinary shares of 50 pence each will commence trading at 8.00a.m. today.
In accordance with DTR 5.6 of the Disclosure and Transparency Rules, the Company wishes to notify the market that the Company's capital, following the share consolidation referred to above, consists of 38,338,684ordinary shares with voting rights. No ordinary shares are held in treasury. This number may be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, the Company to comply with the Disclosure and Transparency Rules.
The grants of share options made under the two share option plans established by the Company (the Advent Capital (Holdings) PLC Approved Share Option Plan ("AS2005") and the Advent Capital (Holdings) PLC Unapproved Share Option Plan ("UAS2005" and "UAS2006"), together with the option granted to Numis Securities Limited ("Numis") in June 2005, pursuant to the Company's placing agreement and admission on AIM, have also been amended to reflect the 1 for 10 share consolidation. Where the number of shares granted under an option cannot be divided by 10 any fractional entitlements have been deemed to have lapsed. There have been no changes to the dates the options are exercisable.
The aggregate number of options pre and post consolidation are set out below:
|
Grant |
Numis |
AS2005 |
UAS2005 |
UAS2006 |
Total |
|
Pre consolidation: |
|||||
|
Options to subscribe for Ordinary Shares of 5p |
2,196,087 |
1,871,854 |
1,762,146 |
5,100,000 |
10,930,087 |
|
Exercise Price |
35p |
35p |
35p |
20p |
|
|
Post Consolidation: |
|||||
|
Options to subscribe for Ordinary Shares of 50p |
219,608 |
187,181 |
176,208 |
510,000 |
1,092,997 |
|
Exercise Price |
£3.50 |
£3.50 |
£3.50 |
£2.00 |
|
|
Dates options exercisable |
At any time up to 03/06/10 |
03/06/08 -03/06/15 |
03/06/06 -03/06/15 |
02/05/09 -02/05/16 |
The Share options for Executive Directors, included in the aggregate number of options in the table above, are set out in further detail below:
|
Pre Consolidation |
Post Consolidation |
|||||
|
Director & Scheme |
Options to subscribe for Ordinary Shares of 5p |
Exercise Price |
Options to subscribe for Ordinary Shares of 50p |
Exercise Price |
Dates options exercisable |
|
|
T J Ambridge |
- |
- |
- |
- |
- |
|
|
B F Caudle |
||||||
|
AS2005 |
85,714 |
35p |
8,571 |
£3.50 |
03/06/08 - 03/06/15 |
|
|
UAS2005 |
439,286 |
35p |
43,928 |
£3.50 |
03/06/06 -03/06/15 |
|
|
UAS2006 |
1,500,000 |
20p |
150,000 |
£2.00 |
02/05/09 -02/05/16 |
|
|
K D Thompson |
||||||
|
AS2005 |
85,714 |
35p |
8,571 |
£3.50 |
03/06/08 - 03/06/15 |
|
|
UAS2005 |
589,286 |
35p |
58,928 |
£3.50 |
03/06/06 -03/06/15 |
|
|
UAS2006 |
1,350,000 |
20p |
135,000 |
£2.00 |
02/05/09 -02/05/16 |
|
24 June 2008
For further information please contact:
|
Advent Capital (Holdings) PLC |
Tel: 020 7743 8200 |
|
|
Keith Thompson Chief Operating Officer |
||
|
Trevor Ambridge Chief Financial Officer |
||
|
Giuseppe Perdoni |
||
|
Company Secretary |
||
|
Neil Ewing |
||
|
Investor Relations |
||
|
Fox-Pitt, Kelton |
Tel: 020 7663 6000 |
|
|
Simon Law |
||
|
Jonny Franklin-Adams |
||
|
Pelham Public Relations |
Tel: 020 7743 6362 |
|
|
Polly Fergusson |
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Related Shares:
ADV.L