Directors' Dealings

RNS Number : 3712E

Volvere PLC

05 April 2011

 



05 April 2011

Volvere plc ("Volvere" or the "Company")

Directors' Dealings

Volvere announces that, further to notice received from Jonathan Lander, CEO, and Nick Lander, COO and CFO, on 5 April 2011, it has allotted 320,630 new ordinary shares of GBP0.0000001 each ("Shares") arising upon the conversion of 32,729 A shares of GBP0.49999995 each and 32,729 B shares of GBP0.49999995 each (the "Conversion"), as follows:

Director	A Shares	B Shares	Resultant holding in Volvere
Jonathan Lander	18,235	18,235	753,677 Shares	13.0%
Nick Lander	14,494	14,494	458,277 Shares	7.9%

This Conversion represents the entire holding of A shares and B shares of Jonathan Lander and Nick Lander.

Application will be made for admission of the new ordinary shares to trading on AIM ("Admission"). Admission is expected to take place on 12 April 2011.

Following the above Conversion, the number of Shares in issue (excluding treasury shares), and the figure to be used as the denominator for calculations of interests in the Company's total voting rights, is 5,796,930 Shares.  The Company also has in issue 8,438 A shares of GBP0.49999995 each, 8,438 B shares of GBP0.49999995 each and 4,156,195,517,138 Deferred shares, none of which are admitted to trading on AIM.

For further information contact:

Volvere plc                                     020 7634 9707

Jonathan Lander, CEO

Nick Lander, COO

Arbuthnot Securities                            020 7012 2000

Nick Tulloch

Ben Wells

ENDS

 

END

 

 

RDSIAMFTMBAMBLB