Acquisition of minority stake

RNS Number : 5274U

Empresaria Group PLC

25 June 2009

 



25th June 2009

Empresaria Group plc ('Empresaria' or the 'Group')

Acquisition of minority stake and issue of equity

The Company announces that application has been made to the London Stock Exchange plc for the admission to trading on AIM of 251,516 new Ordinary Shares of 5p each fully paid, ranking pari passu with the existing ordinary shares ('Ordinary Shares') and dealings are expected to commence on or around 01 July 2009. 

These new Ordinary Shares have been allotted as consideration relating to the acquisition of the remaining 25% of Lumley Employment Company Limited ('Lumley') which the Company did not already own. The acquisition of the original 75% stake in Lumley previously was announced on 8 April 2008.  

The consideration payments are made pursuant to original share purchase agreements between Empresaria and the minority shareholders of Lumley.

After the acquisition of the minority shareholding, Empresaria will own 100 per cent. of Lumley.

For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, following the admission of the shares described above, the total number of ordinary shares of 5p each in the Company will be 44,528,237. 

There are no shares held in treasury and therefore the total number of voting rights in the Company will be 44,528,237. 

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules. 

For further information contact:

Miles Hunt

Chief Executive, Empresaria Group plc 01293 649 900

Stuart Kilpatrick

Finance Director, Empresaria Group plc 01293 649 900

Nicholas How

Singer Capital Markets Limited 020 3205 7620

 

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