EBT Share Sale and Director's Dealing

RNS Number : 6013N

Spark Ventures PLC

01 October 2012

 



SPARK Ventures plc ("SPARK" or the "Company")

1 October 2012

EBT Share Sale and Director's Dealing

The Company was notified on 28 September by Ardel Trust Company (Guernsey) Limited, the trustees of the SPARK Ventures plc Employee Benefit Trust (the "Trust"), that on 18 September 2012 the Trust transferred 76,331 ordinary shares of 0.40 pence each in the Company ("Ordinary Shares") at a price of 11.23 pence each to David Potter, Chairman of SPARK.

Additionally, a further 339,639 Ordinary Shares were sold by the Trust on 1 August 2012 at a price of 11.00 pence each.

These transactions are part of the winding up of the Trust and the distribution of its remaining assets, which will include the transfer of cash to other current and former directors and officers of SPARK. David Potter chose to receive his share of the assets in the form of Ordinary Shares.

Following these transactions, the Trust no longer holds any shares in the Company and David Potter holds 556,331 Ordinary Shares, representing 0.14% of the total voting rights.

For further information:

SPARK Ventures plc 020 7851 7777

Andrew Betton, Company Secretary

Canaccord Genuity Limited 020 7523 8350

Simon Bridges / Sebastian Jones

 

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