Directors' Dealings

RNS Number : 3433F
Volvere PLC
21 April 2011
 



21 April 2011

 

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

 

Directors' Dealings

 

Volvere announces that, further to notices received from Neil Ashley, Non-executive director and The Ashley Grandchildren's 2003 Settlement (of which Neil Ashley is a trustee) on 18 April 2011 and notice received from Lord Kalms, Chairman on 19 April 2011, it has allotted 86,102 new ordinary shares of GBP0.0000001 each ("Shares") arising upon the conversion of 7,983 A shares of GBP0.49999995 each and 7,983 B shares of GBP0.49999995 each (the "Conversion"), as follows:

 


Converted


Director

A Shares

B Shares

Resultant interest in Volvere Shares

Neil Ashley*

4,758

4,758

 556,251 Shares

9.45%

Lord Kalms

3,225

3,225

 631,297 Shares

10.73%

 

*includes 1,250 A Shares and 1,250 B Shares held by The Ashley Grandchildren's 2003 Settlement, whose resultant holding is now 163,422 Shares.

 

This Conversion represents the entire holding of A shares and B shares of Neil Ashley, The Ashley Grandchildren's 2003 Settlement and Lord Kalms.

 

Application will be made for admission of the new ordinary shares to trading on AIM ("Admission"). Admission is expected to take place on 28 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 5,883,032 Shares.  The Company also has in issue 455 A shares of GBP0.49999995 each, 455 B shares of GBP0.49999995 each and 4,954,494,576,308 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

 


This information is provided by RNS
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Volvere (VLE)
UK 100

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