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Benchmark Hlgs PLC (BMK)

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Friday 24 January, 2014

Benchmark Hlgs PLC

Amendment: Issue of Equity

RNS Number : 5198Y
Benchmark Holdings PLC
24 January 2014
 



 

 

 

                                                                                                                                                                      24th January 2014

 

Benchmark Holdings plc

 ("Benchmark" or the "Company" or the "Group")

 

Amendment: Issue of Equity

 

The following amendment has been made to the Issue of Equity announcement released at 4.57pm on 23 January 2014:

 

Malcom Pye and Roland Bonney are interested in 15,145,686 ordinary shares each following the issue of SIP Shares, each representing 11.06% of the Company's issued share capital.

 

All other details remain unchanged. The full amended text is shown below.

Pursuant to the Benchmark Share Incentive Plan ("SIP") as further described in the Company's admission document dated 12 December 2013, the Company has today received final applications from certain employees and directors of the Group to acquire an aggregate of 560,345 ordinary shares of 0.1 pence each (the "SIP Shares").  The SIP Shares consist of shares purchased at 64p per share up to a maximum amount of £1,500 each by eligible employees ("Partnership Shares"), as well as free matching shares granted subject to certain conditions of the SIP ("Matching Shares").

 

The directors' resulting interests are as follows:

 

 

Existing ordinary shares held

Partnership Shares purchased at 64p per share

 

Matching Shares granted

New holding

% of enlarged issued share capital

Malcom Pye (CEO)

15,141,000

2,343

2,343

15,145,686

11.06%

Roland Bonney (COO)

15,141,000

2,343

2,343

15,145,686

11.06%

Mark Plampin (CFO)

397,000

2,343

2,343

401,686

0.29%

 

Accordingly, the Company has applied for 560,345 ordinary shares to be admitted to trading on AIM and it is expected that admission will occur at 8.00 am on 29th January 2014 ("Admission").

 

Following Admission, the Group's enlarged share capital will consist of 136,977,095 ordinary shares of 0.1 pence each. This figure 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 Disclosure and Transparency Rules.

 

-Ends-

 

For further information, please contact:

 

 

Benchmark Holdings plc

 

Amy Firth, Head of Communications

Tel: 0114 240 9939

 


Cenkos Securities, Nominated Adviser and Broker

Tel: 020 7397 8928

Ivonne Cantu


 


Tavistock Communications

Tel: 020 7920 3150

Catriona Valentine / Keeley Clarke / Niall Walsh


 

For further information on Benchmark please visit www.benchmarkplc.com.

 

Notes to Editors:

 

Founded in 2000, Benchmark represents a new model in sustainable business development. Over the last decade it has built a profitable group of companies on the economics of a sustainable food chain. The Company is growing in response to a rapidly increasing demand for sustainable food chains, and in particular for seafood, from both mature and emerging markets. As demand can no longer be met by declining wild resources, it will necessitate the growth of sustainable farming systems around the world.

 

Benchmark is an ethical company with an explicit policy based on the "3Es" definition of a sustainable business - ethics, environment and economics - which guides its strategy and operations.

 

The Group operates internationally with offices in the UK, Ireland, Norway, USA, Brazil, China and Thailand and, as at 20 January 2014, employed 188 people, approximately half of whom are educated to degree, professional specialist or PhD level.

 

Animal Health

Fish Vet Group and Benchmark Vaccines form the group's largest division, Animal Health, focusing on aquaculture health. The Group is exposed to the growth trends and drivers in aquaculture and in animal health, which are large markets. Aquaculture accounted for US$119 billion in 2010, and it grew at an average annual rate of 8.8% between 1980 and 2010. Since then the aquaculture market has grown at an average annual rate of 6.3% (source: FAO - The State of World Fisheries and Aquaculture 2012).

 

Technical Publishing

With 13 online publications in three languages, the Group's technical publishing business, 5M, sits primarily within the agriculture segment of the STM (science, technical and medical) publishing market. The STM market was estimated in 2011 as a US$26 billion market with a projected growth from 2013-2014 estimated at 5.3% and CAGR from 2009-2014 of 5.0% (source: Outsell 2011).

 

Sustainability Division

This division is made up of companies working in collaboration with its customers on research and development of sustainable food and farming business management and technologies. Verdantix estimates the global sustainability consulting market to be US$13.8 billion, of which US$1.2 billion is categorised as strategic and management consulting services and US$12.6 billion relates to technical sustainability consulting.  trieSM operates in the sustainability, strategic and management consulting sector while FAI and RL Consulting operate in the technical sustainability consulting space. The overall sustainability consulting market is estimated to be growing at 4-5% per annum, and this growth is projected to continue accelerating as the developed economies emerge from the global recession. Allan Environmental operates in the environmental consulting sector, which is estimated to be a US$26.5 billion global market and is forecast to reach US$31.4 billion by 2016 (source: researchandmarkets.com).

 

 

 


This information is provided by RNS
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