Correction: Issue of Equity

RNS Number : 0652G

Creightons PLC

17 November 2015

 

CREIGHTONS PLC

CORRECTION: ISSUE OF EQUITY

This announcement replaces the Company's announcement issued under RNS number 7454F at 07.00 on 16 November 2015  (the "Previous Announcement"). The Previous Announcement incorrectly stated that Martin Stevens had exercised 150,000 options, whereas it should have stated that he had exercised 100,000 options.  The full amended announcement is set out below. All other details remain unchanged.

"The Board of Creightons plc (the "Company") announces that the Company has issued and allotted 300,000 new ordinary shares pursuant to an exercise of options by certain employees and one director, of which 150,000 are at a price of 2p per new ordinary share and 150,000 are at a price of 1.38p per new ordinary share, representing approximately 0.5 per cent. of the so enlarged issued share capital.

Application has been made for these new ordinary shares to be admitted to the Official List of the UK Listing Authority.  Application has also been made to the London Stock Exchange plc for such ordinary shares to be admitted to trading on its market for listed securities.  It is expected that listing and trading will be effective from 20 November 2015.

Martin Stevens, a director of the Company, exercised options as shown in the table below, which also shows his holding before and after the exercise.

Name	Shares prior to exercise	Number of options exercised	Exercise price	Consequent shares	Consequent percentage (%)
Martin Stevens	181,818	100,000	1.38p	281,818	0.47

For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of ordinary shares in issue following admission of the new ordinary shares will be 59,837,243, each carrying the right to one vote.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

For more information, please contact Nicholas O'Shea, Director, Creightons plc, 01733 281000."

 

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