Crescent Hydropolis Resorts PLC
05 February 2007
CRESCENT HYDROPOLIS RESORTS PLC
ANNOUNCEMENT
(for immediate release)
Issue of Equity for Bonus Payments
The Directors of Crescent Hydropolis Resorts Plc announce that the Company has
issued and allotted 180,000 Ordinary Shares to six individuals, three of whom
are employees of the Company and three of whom are non-professional advisers of
the Company, at €0.54 (37p) per Ordinary Share to reduce outstanding liabilities
owed by the Company by €99,000.
Shares received by employees of the Company are considered bonus payments,
declared and authorized by the Directors, and amount to 90,000 of the 180,000
shares issued. Three non-professional advisers received the balance of 90,000
shares in lieu of services rendered to the Company.
Application will be made for these Ordinary Shares to be admitted to trading on
AIM. Save as disclosed, there is no other relevant information required under
AIM Rules.
For further information, please contact:
Alfred Wuttke Mansoor Ijaz
Chief Executive Deputy Chairman
alfred.wuttke@crescent-hydropolis.com mansoor.ijaz@crescent-hydropolis.com
This information is provided by RNS
The company news service from the London Stock Exchange
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