Share Placing and Directors' Share Dealings

RNS Number : 4059J

dotDigital Group plc

30 June 2011

 



30 June 2011

dotDigital Group Plc

Share Placing and Directors' Share Dealings

Exercise of Share Options

dotDigital Group Plc (AIM:DOTD), ("dotDigital" or the "Company"), the leading provider of search marketing services, email marketing services, intuitive Software as a Service and managed services to digital marketing professionals, announces that Charles Stanley Securities has at 29 June 2011, undertaken a placing of shares on behalf of a number of dotDigital shareholders in response to significant investment demand from a number of institutional and other investors, including the Company's Chairman.  The vendors are long standing founder shareholders and include certain of the Company's Directors.

The Company also announces that Peter Simmonds, Chief Executive has at 29 June 2011, exercised all of his share options in the Company.

Institutional Share Placing

dotDigital joined AIM on 29 March 2011 and following a recent round of investor presentations by the Company, Charles Stanley has identified significant investor demand.  As a result the new investors have acquired a total of 66,880,107 shares, representing approximately 25.1 per cent of the of the total voting rights of the Company, at 7.0 pence per share.

In order to satisfy this demand, certain institutional and other shareholders, including four of the Company's directors, who have held their shares for a number of years, have placed their shares with the new investors. 

Director	Share holding prior to Placing	Shares sold	Shares acquired	Shareholding following Placing	Percentage Holding
Frank Beechinor-Collins	-	-	674,194	674,194	0.26%
Peter Simmonds	13,060,000	1,450,000	8,333,333*	19,943,333	7.25%
Ian Taylor	60,860,000	7,000,000	-	53,860,000	19.59%
Simon Bird	52,860,000	7,000,000	-	45,860,000	16.68%
Nicholas Nelson	5,525,000	1,450,000	-	4,075,000	1.49%

*Following exercise of options, details of which are set out below

Exercise of share options

Peter Simmonds has exercised options over 8,333,333 dotDigital ordinary share (the "New Shares"), being the entire number of share options granted to him, at an exercise price of 1.2 pence per share.  Accordingly the Board has now issued and allotted 8,333,333 new ordinary shares and application has been made for these shares to be admitted to trading on AIM.  It is expected that admission will be on 5 July 2011.

The New Shares will rank parri passu with the existing ordinary shares of the Company.  Following the allotment, the total number of ordinary shares in issue will be 274,972,065.

Frank Beechinor, Chairman, Commented:

"We welcome the recent investment interest and support demonstrated by a number of highly regarded AIM institutional investors.  We believe that our new shareholders have recognised that our strategy to grow the business will generate significant returns for all of our shareholders."

Enquiries:

dotDigital Group Plc Peter Simmonds, Chief Executive	020 7654 8686
NOMAD  and Broker Zeus Capital Ross Andrews Nick Cowles	0161 831 1512
Broker Charles Stanley Securities Luke Webster Russell Cook	020 7149 6000
Financial PR Hansard Communications Guy McDougall	020 7245 1100

 

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