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Naibu Global Intl Co (NBU)

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Wednesday 10 July, 2013

Naibu Global Intl Co

Directors' Dealings

RNS Number : 9582I
Naibu Global International Co PLC
10 July 2013
 



 

 

Press Release

10 July 2013

 

Naibu Global International Company Plc

 

("Naibu" or the "Company")

 

Directors' Dealings

 

Naibu Global International Company Plc(AIM:NBU), a leading Chinese manufacturer and supplier of branded sportswear, announces that Executive Chairman Huoyan Lin, Non-Executive Deputy Chairman Giles Elliott and Non-Executive Director Stephen Cheung, all purchased ordinary shares of no par value in the Company ("Ordinary Shares") on 9 July 2013 at a price of 58 pence per Ordinary Share. Details of the transactions and the directors' holdings are set out in the table below:

 

Director

Number of Ordinary Shares Purchased

Ordinary Shares Held Following Purchases

Holding in the Company (%)

Huoyan Lin*

1,800,000

27,435,000

50.02%

Giles Elliott

86,207

94,272

0.17%

Stephen Cheung

20,000

20,000

0.04%

 

*Huoyan Lin holds his interest in the Company through Central Win Global Investments Limited, a company incorporate in the British Virgin Islands, which is wholly owned and controlled by Huoyan Lin

 

These directors purchased these Ordinary Shares in parallel with a placing of 8,727,300 existing Ordinary Shares in the Company by Daniel Stewart with institutional and other investors in London and Hong Kong (the "Placing").

 

Commenting on the Placing, Huoyan Lin, Executive Chairman of Naibu, said:  "The Board is pleased to announce this Placing, which removes some of the early stage investors in Naibu whom the Company would like to thank for their past support.  The Board continues to view the future with confidence and looks forward to working with these new shareholders, as well as our remaining existing shareholders, to further drive the Company's growth."   

                                

- Ends -

 



For further information:

Naibu Global International Company Plc


Huoyan Lin, Executive Chairman

Tel: +44 (0) 20 7398 7702

Li Zhen, Chief Financial Officer

www.naibu.com

 

Daniel Stewart & Company Plc

Tel: +44 (0) 20 7776 6550

Paul Shackleton / Martin Lampshire

www.danielstewart.co.uk

 

Media enquiries:

Abchurch


Joanne Shears / Quincy Allan

Tel: +44 (0) 20 7398 7709

[email protected]

www.abchurch-group.com

 

 


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