Director's Share Transfer

RNS Number : 8205U

Angle PLC

21 October 2014

 



For immediate release

21 October 2014

ANGLE plc

("ANGLE" or the "Company")

Director's share transfer  

ANGLE plc (AIM: AGL), the specialist medtech company, announces that it was notified on 20 October 2014 that Andrew Newland, Chief Executive of ANGLE, has agreed to transfer up to 3,500,000 ordinary shares of 10p each in the Company ("Ordinary Shares") as security for a loan facility in connection with his moving house.

There is no change to Mr Newland's beneficial interest in the Company as a result of this agreement, which remains at 7,054,686 Ordinary Shares representing 15.59 per cent. of the Company's issued share capital.

The shares will be returned to Mr Newland when the loan is repaid at the end of the two year term. Under the terms of the facility the lender is contractually prohibited from short selling, lending or voting the shares during the term of the loan.

For further information:

ANGLE plc	01483 685830
Andrew Newland, Chief Executive Ian Griffiths, Finance Director
Cenkos Securities Stephen Keys, Dr Christopher Golden (Nominated adviser) Andy Roberts, Christian Hobart (Sales)	020 7397 8900
Buchanan Mark Court, Fiona Henson, Sophie Cowles	020 7466 5000

 

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