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



 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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