Issue of Equity and Director

RNS Number : 2780Q

Bright Things plc

07 April 2009

 



Bright Things plc

('Bright Things' or the 'Company')

ISSUE OF EQUITY and DIRECTOR UPDATE

The directors of Bright Things are sad to announce that Charles Delamain, Chief Operating Officer of the Company died on 6 April 2009 following a road traffic accident. 

As a result, the details of the placing of 60,040,000 new ordinary shares, announced on 6 April 2009 are altered. Charles Delamain was due to take up 8,000,000 of the new ordinary shares. Dominic Wheatley has agreed to take up these shares in Charles Delamain's place. 

Thus Dominic Wheatley will now take 12,800,000 of the placing shares representing 21% of total number of shares subject to the placing. Following admission to AIM, which remains scheduled for 8 April 2009, Dominic Wheatley will hold 37,005,102 Ordinary Shares representing 18.9% of the total issued shared capital of the Company. 

Following the issue of equity, Charles Delamain's Estate will no longer have a notifiable interest in the Company. 

Dominic commented: 'Charles was a dear friend whom I had known since we were at school. He loved life and lived it to the full. Charles was courageous, loyal and gifted. He excelled at so many things - as a soldier, husband, father, businessman, fisherman, huntsman and friend to so many. He will be sorely missed by all who knew him and our thoughts and prayers go to his family.'

Bright Things PLC                          0845 299 7289

Dominic Wheatley, CEO

Edward Levey, Finance Director

HB Corporate

Luke Cairns/ Rory Creedon             020 7510 8600

Threadneedle Communications        020 7653 9850
Graham Herring 
Alex White

 

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