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ZTC Telecoms plc (ZTC)

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Wednesday 01 April, 2009

ZTC Telecoms plc

Issue of Shares and Director

RNS Number : 9273P
ZTC Telecommunications plc
01 April 2009
 

ZTC Telecommunications Plc

('ZTC' or 'the Company') 


Issue of Shares and Director Shareholding 

 

The Company advises that it has today issued 7,484 new ordinary shares of 10p each in order to facilitate the proposed share capital reorganisation as detailed in the circular to shareholders dated 27 March 2009. 


The new ordinary shares have been subscribed for by Frank Lewis and Higher Performance Team Limited, a company beneficially owned by Michael Liu, Executive Director (80 per cent.), Mark Syropoulo, Finance Director (10 per cent.) and James Guo, who is not a ZTC board member (10 per cent.). 


The shares were subscribed for at a price of 10p per new ordinary share


A summary of the Directors' shareholdings is below:


Name

No. of shares held before the subscription:

No. of new ordinary shares subscribed for:

Total no. of shares following the subscription:

Percentage of the enlarged issued share capital of the Company:

Frank Lewis



-

2,494

2,494

0.002

Higher Performance Team Limited

4,250,000

4,990

4,254,990

3.915



Application will be made today for these new shares to be admitted to trading on AIM and admission is expected to take place on 7 April 2009


Following admission of these shares on AIM, the Company will have 108,690,000 voting shares in issue, none of which are held in treasury. 

 

Contact: 

 

ZTC Telecommunications plc 

Frank Lewis, Chairman 

+44 (0)7775 504 313 

  

Fairfax I.S. PLC 

Nominated Adviser and Broker 

Adam Hart / Laura Littley 

+44 (0)207 598 5368


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