18th Apr 2013 14:55
NEWS RELEASE For Immediate Release
18 April 2013
Billing Services Group Limited
('BSG' or the 'Company')
Shareholder Notification and Director Interest
The Company was informed on 18 April 2013 that on 17 April 2013 Hawkeye Capital Management ("Hawkeye") acquired 15,130,390 common shares of par value $0.59446 ("Common Shares") at a price of 2.2 pence per Common Share. Immediately following this transaction, Hawkeye sold 3,500,000 shares to Phipps & Company, LLC at a price of 2.2 pence per Common Share.
Following these transactions Phipps & Company LLC is interested in 19,703,860 Common Shares representing 6.97 per cent of the Company's issued share capital and Hawkeye is interested in 64,743,861 Common Shares representing 22.92 per cent of the Company's issued share capital.
Mr. Norman M. Phipps, the Company's Chief Executive Officer, is the owner of Phipps & Company, LLC.
Mr. Rayan Joshi is an analyst at Hawkeye Capital Management and a non-executive Director of the Company.
END
Inquiries:
Billing Services Group Limited +1 210 949 7000
Norm Phipps
finnCap Limited +44 (0)20 7220 0500
Stuart Andrews/Henrik Persson
BSG Media Relations +1 210 326 8992
Leslie Komet Ausburn
About BSG:
BSG is headquartered in San Antonio, Texas, USA and traded on the London Stock Exchange (AIM: BILL). For more information on BSG, visit www.bsgclearing.com.
Related Shares:
BILL.L