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Photon Kathaas (PKP)

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Thursday 24 February, 2011

Photon Kathaas

Director/PDMR Shareholding

RNS Number : 7849B
Photon Kathaas Productions Ltd
24 February 2011
 



 

Photon Kathaas Productions Limited

("Photon Kathaas" of the "Company)

 

Issue of Equity

Directors Shareholdings

 

 

Photon Kathaas (AIM:PKP.L) announces that pursuant to the Company's listing arrangements and as stated in the Admission Document dated 3 November 2010 a total of 68,071 new Ordinary Shares were issued to Michael Rosenberg, Non-executive Chairman, Ramanujam TST, Chief Financial Officer, and Nathalie Schwarz, Non-executive Director. In accordance with the terms of their service contracts Michael Rosenberg, Ramanujam TST 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.

 

The Company is currently in a close period, however, the above issue of shares relates to an existing binding commitment prior to the Company being in a close period and such arrangement is pursuant to the terms of the respective Director's service contracts as stated in the Admission Document dated 3 November 2010. The existing binding arrangement is considered to fall within the carve-out stated in AIM Rule 21.

 

Following the above issue of shares, Michael Rosenberg is now interested in a total of 56,502 Ordinary Shares in the Company, representing approximately 0.26% of the enlarged issued share capital of the Company.

 

Following the above issue of shares, Ramanujam TST is now interested in a total of 34,920 Ordinary Shares in the Company, representing approximately 0.16% of the enlarged issued share capital of the Company.

 

Following the above issue of shares, Nathalie Schwarz is now interested in a total of 8,894 Ordinary Shares in the Company, representing approximately 0.04% of the enlarged issued share capital of the Company.

 

Application is being made for the 68,071 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 2 March 2011.

 

Following the issue of these shares, the Company has a total of 21,363,462 Ordinary Shares in issue. The total number of voting rights in the Company is therefore 21,363,462.

 

 

 

 

Enquires

 

Photon Kathaas


Venkat Somasundaram, Chief Executive


Reshma Ghatala, Head of Marketing




Seymour Pierce Limited

020 7107 8000

Nandita Sahgal/Tom Sheldon (Corporate Finance)

Leti McManus (Corporate Broking)




College Hill

020 7457 2020

Adrian Duffield/Carl Franklin/Jon Davies


 

About Photon Kathaas Productions

 

Photon Kathaas Productions is the first film company specifically created to make and distribute films of different genres to a primarily South Indian audience, speaking the 

languages of Telugu, Tamil, Kannada and Malayalam.

 

PKP Company benefits from a special creative relationship with its Chief Creative Officer, Gautham Vasudev Menon. Gautham is one of the leading directors and producers in South Indian cinema. He has been involved in nine films to date, not only as a director but also as a screenplay writer, an executive producer and a producer. His earlier films include: Minnale (2000), Rehna He Tera Dile Mein (2001), Kaaka Kaaka (2003), Gharshana (2004), Vettaiyadu Vellaiyadi (2006), Pachaikili Muthucharam (2007) and Vaaranam Aayiram (2008).

 


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