Additional Listing

RNS Number : 2414I

Quintain Estates & Development PLC

28 May 2014

 



28 May 2014

Quintain Estates and Development PLC

("the Company" or "Quintain").

Application for admission of shares to trading

Quintain confirms that the former partners of Grafton Advisors (2006) LLP ("Grafton ") have exercised their right to subscribe for 4,607,831 Ordinary shares of 25 pence each in the Company under subscription agreements entered into between the former partners of Grafton and Quintain, on Quintain's acquisition of Grafton in 2012, which gives them the right to subscribe for a maximum of 9,090,909 shares at a pre-determined price of 55 pence per share over a 5 year performance period.  As announced on 27 May 2014, Nigel Kempner, Executive Director, will receive 2,457,817 shares under the subscription agreement.

Applications have been made to The London Stock Exchange and the UK Listing Authority for these shares to be admitted to The Official List and to trading on The London Stock Exchange.   The new shares shall rank equally with the existing issued shares of the Company and it is expected that admission of these new shares will become effective on 30 May 2014.

Contact:

Sandra Odell

Company Secretary

Telephone: [phone]

 

END

 

 

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