Information  X 
Enter a valid email address

Photon Kathaas (PKP)

  Print   

Monday 27 June, 2011

Photon Kathaas

Issue of Equity and Directors Shareholdings

RNS Number : 1999J
Photon Kathaas Productions Ltd
27 June 2011
 

 

Photon Kathaas Productions Limited

("Photon Kathaas" of the "Company)

 

Issue of Equity and 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 further total of 34,027 new Ordinary Shares were issued to Michael Rosenberg, Non-executive Chairman, 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. In addition, a further 13,638 Ordinary Shares were issued to Hari Swaminathan, an employee of the company, in lieu of cash against salary payable to him for the period prior to the Company's admission to trading on 4 November 2010.

 

Following the above issue of shares, Michael Rosenberg is now interested in a total of 81,400 Ordinary Shares in the Company, representing approximately 0.38% of the enlarged issued share capital of the Company.

 

Following the above issue of shares, Nathalie Schwarz is now interested in a total of 18,023 Ordinary Shares in the Company, representing approximately 0.08% of the enlarged issued share capital of the Company.

 

Application is being made for the 47,665 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 1 July 2011.

 

Following the issue of these shares, the Company has a total of 21,411,127 Ordinary Shares in issue. The total number of voting rights in the Company is therefore 21,411,127.

 


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

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