RNS Number : 6905P
Photon Kathaas Productions Ltd
06 October 2011
Photon Kathaas Productions Limited
Issue of Equity and Directors Shareholdings
Photon Kathaas Productions Limited (AIM:PKP.L, "Photon Kathaas", "the Company") announces that pursuant to the Company's listing arrangements and as stated in the Admission Document dated 3 November 2010 a further total of 34,182 new Ordinary Shares were issued to Michael Rosenberg, Non-executive Chairman, and Nathalie Schwarz, Non-executive Director. In accordance with the terms of their service contracts Michael Rosenberg and Nathalie Schwarz have agreed to take new Ordinary Shares in the Company in lieu of cash against Director's fees payable to them, as set out in the Admission Document. These Ordinary Shares have been allotted to them at an issue price of US$0.49 per share.
Following the above issue of shares, Michael Rosenberg is now interested in a total of 106,412 Ordinary Shares in the Company, representing approximately 0.50% of the enlarged issued share capital of the Company.
Following the above issue of shares, Nathalie Schwarz is now interested in a total of 27,193 Ordinary Shares in the Company, representing approximately 0.13% of the enlarged issued share capital of the Company.
Application is being made for the 34,182 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 13 October 2011.
Following the issue of these shares, the Company has a total of 21,445,309 Ordinary Shares in issue. The total number of voting rights in the Company is therefore 21,445,309.
Enquires
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Photon Kathaas
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Venkat Somasundaram, Chief Executive
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+65 6224 4991
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Reshma Ghatala, Head of Marketing
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+91 44 2820 2988
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Michael Rosenberg, Non-executive Chairman
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020 7938 4026
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Seymour Pierce Limited
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020 7107 8000
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Nandita Sahgal/Tom Sheldon (Corporate Finance)
Leti McManus (Corporate Broking)
Rivington Street Corporate Finance
Jon Levinson
Dru Edmonstone
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020 7562 3357
020 7562 3384
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College Hill
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Adrian Duffield/Jon Davies
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020 7457 2020
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