Holding(s) in Company

RNS Number : 4302H

Cenkos Securities PLC

19 June 2013

 



19 June 2013

Cenkos Securities plc ("Cenkos" or "the Company")

Holding in the Company

The Company has today been informed that Cenkos Securities Trustees Limited no longer has a notifiable interest in the Company. 

Cenkos Securities Trustees Limited (as a nominee company) held B shares in the Company that were issued on a partly-paid basis to certain senior management (at that time) prior to the Company's admission and trading on AIM in 2006. Under the terms of the issue, the full nominal value was paid for the B shares and an undertaking was given to pay a required premium (ranging from 86.5p to 105.3p) by 30 June 2013. The B shares were not admitted to trading on AIM, however upon payment of the required premium the B shares convert into ordinary shares and are admitted to trading on AIM. Following the recent payment of the required premium, a number of conversions have taken place and the resulting ordinary shares have been re-registered into the participants' names. As a result of this, Cenkos Securities Trustees Limited (who previously held 2,878,724 B shares representing 4.53% of the Company's issued share capital) no longer has a notifiable interest in the Company.

For clarification purposes, Cenkos Securities Trustees Limited is not related to the Cenkos Securities EBT ("EBT"). The EBT is a discretionary trust for the benefit of the employees of the Company. The shares held in the EBT are intended to be used to satisfy share awards made under the Company's share option schemes.  The EBT currently holds 3,005,977 Ordinary shares representing 4.74% of the Company's issued share capital.

Enquiries:

Jim Durkin                                                        020 7397 8900

Chief Executive Officer

Cenkos Securities plc

Nick Donald                                                     020 7991 1504

HSBC (Nomad)                                                                 

David Rydell/Duncan Mayall                        020 7861 3232

Pelham Bell Pottinger                                                     

 

END

 

 

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