Information  X 
Enter a valid email address

Pathway One PLC (POPP)


Monday 17 November, 2008

Pathway One PLC

Statement re: Update of shareholdings and direc...

Changes to Shareholdings, New Issue of Shares and Change of Directors

The Directors of Pathway One plc ("the Company") are pleased to announce that,
following receipt of a Code Waiver from the Takeover Panel and pursuant to an
agreement dated 7th November 2008, Rivington Street Holdings Limited, which
recently announced its reverse in to the PLUS-quoted Commodity Watch plc, has
subscribed for 4,000,000 ordinary shares in Pathway One plc at par and has
acquired a further 14,650,400 ordinary shares of the Company. As a result,
Rivington Street Holdings Limited now holds 18,650,400 shares of Pathway One
plc (76.0%).

The total issued share capital of Pathway One plc is now 24,540,000 ordinary
shares of one penny each.

Utek Corporation of Tampa, Florida, holds 3,000,000 shares (12.2%).

No other shareholder holds more than 3% of the Company.

Mr Henstock and Mr Dale have resigned as directors of the Company and Mr David
Oakley and Mr Russell Darvill have joined the Board.

The directors of Rivington Street Holdings are actively seeking a company to
reverse into Pathway One and will keep investors informed of progress.

City & Merchant Corporate Finance Limited have been appointed as PLUS Corporate
Advisers to the Company.

The Directors of Pathway One plc accept responsibility for this statement.

Contact Information:

David Oakley

Pathway One plc

Tel: 020 562 3389

Corporate Adviser:

David Papworth

City & Merchant Corporate Finance Limited,

Warnford Court, Throgmorton Street,

London EC2N 2AT

Tel: 020 7101 7676


a d v e r t i s e m e n t