Incentive Shares and Total Voting Rights

RNS Number : 6161V

Digital Barriers plc

16 December 2013

 



16 December 2013

Digital Barriers plc

("Digital Barriers" or the "Company")

Notification of conversion of Incentive Shares by Directors and Total Voting Rights

Digital Barriers plc (AIM: DGB), the specialist provider of advanced surveillance technologies to the security and defence sectors, announces that Tom Black, Colin Evans and Zak Doffman (the "Founding Executive Directors") requested, on Friday 13 December 2013, that their initial tranche of Incentive Shares be converted into new ordinary shares of one penny each ("Ordinary Shares") in accordance with the provisions relating to the Incentive Shares as detailed in the articles of association (the "Articles") of the Company.

Accordingly, 25% of the Incentive Shares held by each of the Founding Executive Directors have been surrendered and converted into new Ordinary Shares as detailed below (the "Conversion").

It is anticipated that the new Ordinary Shares will be admitted to trading on AIM on 20 December 2013. Following admission of the new Ordinary Shares issued pursuant to the Conversion, the interests of the Founding Executive Directors, including the new Ordinary Shares issued following the conversion, are as follows:

	NUMBER OF INCENTIVE SHARES HELD FOLLOWING CONVERSION	NUMBER OF ORDINARY SHARES ACQUIRED	NUMBER OF ORDINARY  SHARES HELD FOLLOWING CONVERSION	PERCENTAGE OF ISSUED ORDINARY SHARES HELD
Tom Black	81,562	141,356	4,244,428	6.57
Colin Evans	40,781	70,678	693,839	1.07
Zak Doffman	40,781	70,678	665,077	1.03

The total number of Ordinary Shares in issue with voting rights following the Conversion is 64,624,616.

No Ordinary Shares are held in treasury.

The above figure of 64,624,616 Ordinary Shares in the Company carrying voting rights 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 FCA's Disclosure and Transparency Rules.

Full details of the provisions relating to the Incentive Shares are contained in the Company's Articles which are available on the Company's website.

For further information, please contact:

Digital Barriers plc	Tel: [phone]
Tom Black, Executive Chairman
Colin Evans, Managing Director
Investec Investment Banking	Tel: [phone]
Andrew Pinder/ Dominic Emery
FTI Consulting	Tel: [phone]
Edward Bridges/ Matt Dixon/ Elodie Castagna

About Digital Barriers

Digital Barriers provides advanced surveillance technologies to the international homeland security and defence markets, specialising in 'edge-intelligent' solutions that are designed for remote, hostile or complex operating environments. We work with governments, multinational corporations and system integrators in the defence, law enforcement, critical infrastructure, transportation and natural resources sectors. Our surveillance technologies have been successfully proven on some of the most demanding operational and environmental deployments around the world.

www.digitalbarriers.com 

 

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