Datacash Group PLC
03 April 2007
3 April 2007
DataCash Group plc ("DataCash" or the "Company")
Director shareholding
Under the terms of the top-up rights contained within the acquisition agreement
between DataCash and Proc Cyber Services (UK) Limited, each time one of the
Company's existing share options (which existed at the time of the acquisition)
is exercised, Ashley Head, non-executive chairman of the Company, is entitled to
subscribe for the equivalent number of new shares at the same price as the
exercise price of the option exercised.
The Company has been notified today by Mr Head that he has subscribed for the
following shares at the following prices:
Number of Exercise price Number of shares subscribed for by Subscription
shares (p) Mr Head price
37,500 26.58 pence 37,500 26.58 pence
28,500 41.66 pence 28,500 41.66 pence
100,000 24.50 pence 100,000 24.50 pence
25,000 53.75 pence 25,000 53.75 pence
Pursuant to subscribing for these shares Mr Head is beneficially interested in
45,622,901 shares representing 50.00 per cent. of the issued share capital of
the Company.
There remain options over 771,594 DataCash shares. Mr Head has rights to
subscribe for further new shares as and when these options are exercised. Please
note the announcement on 21 March stated the number of options outstanding was
709,790, which was incorrect.
Enquiries
Keith Butcher, Commercial Director 0870 727 4761
END
This information is provided by RNS
The company news service from the London Stock Exchange
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