Placing of Ordinary Shares

RNS Number : 2305J

Lok'nStore Group PLC

16 December 2015

 

16 December 2015

Lok'nStore Group Plc ("Company")

Placing of Ordinary Shares ("Placing")

Lok'nStore is pleased to announce that, finnCap, as the Company's broker, has conducted a Placing of 400,000 ordinary shares of 1p each in the Company (the "Placing Shares") with a new institutional investor.

The Placing Shares have been sold on behalf of certain directors of the Company at a price of 340 pence per share and represent, in aggregate, 1.39 per cent. of the current issued share capital of the Company.

Subsequent to the Placing, the relevant Directors' revised total beneficial interests in the Company are set out below.

Director	Placing Shares sold		Resulting shareholding
	Number of Ordinary Shares	% of issued share capital	Number of Ordinary Shares	% of Enlarged Share Capital
Andrew Jacobs	200,000	0.7	5,299,200	18.3
Simon Thomas	200,000	0.7	1,800,000	6.2

The Ordinary Shares placed on behalf of Andrew Jacobs are the result of Mr Jacobs' exercise today of the same number of options held by him under the terms of the Company's Unapproved Share Option Scheme and have been exercised by Mr Jacobs at the following prices per Ordinary Share.

Options	Exercise Price (p)
50,000	213.5
50,000	130.5
50,000	85.0
50,000	107.00

These shares have been allotted and will be dealt with under the terms of the Company's existing blocklisting arrangement.

In accordance with the UK Financial Conduct Authority's Disclosure and Transparency Rule 5.6.1, following the above exercise of share options, the issued share capital of the Company is 28,964,077 shares of 1 pence each of which 2,466,869 are held in Treasury.  The total number of voting rights in the Company, excluding Treasury shares will therefore be 26,497,208 (the 'Figure').

The 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 FCA's Disclosure and Transparency Rules.

Enquiries:

Lok'nStore Philippa Myers,  Assistant Company Secretary	01252 521 010
finnCap Ltd Julian Blunt/Giles Rolls, Corporate Finance Alice Lane, Corporate Broking	020 7220 0500
Camarco Billy Clegg Tom Huddart	0203 757 4980

 

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