Datacash Group PLC
21 March 2007
21st March 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 Subscription
shares (p) for by Mr Head price
20,000 26.58 pence 20,000 26.58 pence
Pursuant to subscribing for these shares Mr Head is beneficially interested in
45,431,901 shares representing 49.90 per cent. of the issued share capital of
the Company. In addition, a further 191,000 options have been exercised for
which Mr Head retains the right to subscribe for an equivalent number of shares
under the terms of the top-up rights. If Mr Head chooses to exercise the top-up
rights with respect to the 191,000 shares a further announcement will be made in
due course.
There remain options over 709,790 DataCash shares. Mr Head has rights to
subscribe for further new shares as and when these options are exercised.
Enquiries
Keith Butcher, Commercial Director 0870 72 74 76 0
END
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