Information  X 
Enter a valid email address

Webb Capital Plc (WCAP)

  Print      Mail a friend

Wednesday 31 March, 2010

Webb Capital Plc

Replacement re Supplementary Placing/Grant of O...


                       Webb Capital plc (`the Company')                        

Replacement Announcement - Supplementary Placing and Grant of Options under EMI
                                    Scheme                                     

This announcement replaces announcement made on 30 March 2010

Webb Capital plc, the PLUS Markets quoted financial services group (formerly
Structured Investment Products plc) announces the Placing of 545,499 ordinary
shares of 10p each for an aggregate consideration of £86,500.

This Placing is supplementary to the Placing of 4,200,000 shares announced on
22 March 2010. This placing was again made to High Net Worth individuals who
were unavailable at the time of the original placing.

This brings to £716,000 the total amount raised in the last two weeks. The
total number of ordinary shares now in issue is 6,438,751.

As previously announced the Company has now established an EMI Share Option
Scheme, subject to approval from HM Revenue and Customs. On 22 March 2010 Peter
Webb was granted options over 800,000 ordinary shares at an exercise price of
15 pence per share and Neil McClure was granted an option over 400,000 ordinary
shares at the same price. The options are exercisable, subject to certain
conditions, between the third and tenth anniversary of grant.

The Directors accept responsibility for this announcement

A copy of this announcement is available on www.webbcapital.com

For further information

Webb Capital plc

Peter Webb - Chief Executive Tel: 020 7634 9510

Daniel Stewart & Co Limited

Paul Shackleton Tel: 020 7776 6550


                                                                                                                                                                                 

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