Numis Corporation PLC
20 June 2003
FOR IMMEDIATE RELEASE
Numis Corporation Plc ('Numis' or 'the Company')
£5.7 million equity issue
Further to its announcements of 29 April 2003 and 5 June 2003, the board of
Numis announces the issue of 1,828,000 (11.69%) new ordinary shares at 315p per
share in the Company to Intercapital Private Group Limited ('Intercapital').
Following this issue, and the issues under the Long Term Incentive Plan as
described below, Intercapital has a 9.98% interest in the enlarged issued share
capital of the Company.
Long Term Incentive Plan ('LTIP')
The board of Numis has also approved the issue of 848,676 (5.43%) new ordinary
shares at 315p per share under the terms of the LTIP.
Under the terms of the LTIP, employees and directors are invited to subscribe
for new ordinary shares or to purchase existing ordinary shares in the Company
on the terms the effect of which is that for each new ordinary share subscribed
or purchased, employees will receive, at no further cost to them, one further
ordinary share (each a 'matching share'). Subject to certain limited exceptions
employees and directors must remain in employment with the Numis Group for a
period of 5 years to achieve the matching benefit. The 848,676 shares issued
under the LTIP represent 424,338 shares subscribed by directors and employees
and the 424,338 matching shares to which they are prospectively entitled.
Changes in directors' shareholdings, following the issues under the LTIP are, as
follows:
Names Shares % of shares now Total no. of shares % of shares
acquired in issue now held now in issue
Oliver 15,873 0.09% 2,908,273 15.88%
Hemsley
Charles 9,524 0.05% 287,890 1.57%
Crick
Duncan 3,703 0.02% 73,703 0.40%
Sweetland
Shares acquired above do not include the matching shares to which the directors
are prospectively entitled under the LTIP.
The new ordinary shares issued to Intercapital and under the LTIP rank pari
passu with all existing ordinary shares. Application has been made for admission
of the new ordinary shares to trading on the Alternative Investment Market of
the London Stock Exchange and dealings are expected to commence on 26 June 2003.
The total number of shares in issue in the Company following the above is
18,309,743.
This information is provided by RNS
The company news service from the London Stock Exchange
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