Photon Kathaas

Issue of Equity and Directors Shareholdings

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

 

Photon Kathaas


Venkat Somasundaram, Chief Executive

+65 6224 4991

Reshma Ghatala, Head of Marketing

+91 44 2820 2988

Michael Rosenberg, Non-executive Chairman

020 7938 4026



Seymour Pierce Limited

020 7107 8000

Nandita Sahgal/Tom Sheldon (Corporate Finance)

Leti McManus (Corporate Broking)

 

Rivington Street Corporate Finance

Jon Levinson

Dru Edmonstone

 

 

 

 

020 7562 3357

020 7562 3384



College Hill


Adrian Duffield/Jon Davies

020 7457 2020

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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