Director/PDMR Shareholding

RNS Number : 7856E

Brainspark PLC

29 December 2009

 



29 December 2009

Brainspark plc

("Brainspark" or the "Company")

Director's Dealing

The Board of Brainspark announces that Prof. Francesco Gardin, Chairman of the Company, sold 46,000,000 ordinary shares of 0.01 pence each in the Company between the 23 December 2009 and 29 December 2009 at a price of 0.5 pence per share.  Following this transaction, Prof. Francesco Gardin has a total beneficial interest in 68,261,973 ordinary shares in the Company, equivalent to 14.02 per cent. of the current issued share capital of Brainspark.

This transaction is further to the announcement made by the Company on 18 December 2009 which provided, inter alia, details on the conversion of an outstanding loan note held by Prof. Francesco Gardin into 46,358,695 new ordinary shares in the Company (the "Conversion Shares") and that it was his intention to sell the Conversion Shares on or around 23 December 2009, that being the date that the Conversion Shares were admitted to trading on AIM.

For further information:

Brainspark plc	[phone]
Francesco Gardin, Chairman
Allenby Capital Limited	[phone]
Nick Athanas/James Reeve
Leander PR	[phone]
Christian Taylor-Wilkinson

 

END

 

 

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