STARVEST PLC 19 June 2019
Starvest Plc ('Starvest' or 'the Company')
Issue of Equity, Total Voting Rights and Directors' Holdings
The Company is pleased to announce that it has resolved to issue a total of 635,134 new Ordinary shares of £0.01 in the Company ('Ordinary Shares') at a price of 1.85p per Ordinary Share as follows to two of its directors in lieu of fees for Q1 2019. The issue of new Ordinary Shares to directors is in accordance with the Company's focus on limiting the outflow of cash from the business, thereby preserving cash for investment opportunities as they present themselves.
The following table shows the number of new Ordinary Shares issued and their resultant total holdings:
Shareholder/Director name | Number of ordinary shares issued | Interest in enlarged issued share capital | % of enlarged share capital |
Callum N Baxter | 486,486 | 6,284,402 | 11.24 |
Mark Badros | 148,648 | 148,648 | 0.27 |
Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on, or around, 25 June 2019.
Following admission, the Company's enlarged share capital will comprise 55,927,832 Ordinary Shares. No shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 55,927,832. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Callum N Baxter
Chairman & Chief Executive
19 June 2019
Enquiries to:
Starvest PLC
Callum Baxter Chairman/CEO 07922 255 933 cbaxter@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson, Harrison Clarke or Seamus Fricker 020 7383 5100
SI Capital Ltd (Appointed Broker)
Nick Emerson or Alan Gunn 01483 413 500
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Callum Baxter | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Chairman and CEO | ||||||||
b) | Initial notification /Amendment | Initial Notification | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Starvest Plc | ||||||||
b) | LEI | 2138002RU77NWA794295 | ||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 1.0p each | ||||||||
Identification code | ISIN: GB0009619817 | |||||||||
b) | Nature of the transaction | Participation in Fundraise | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information | |||||||||
- Aggregated volume | ||||||||||
- Price | 1.85 pence | |||||||||
e) | Date of the transaction | 19 June 2019 | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Mark Badros | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Director | ||||||||
b) | Initial notification /Amendment | Initial Notification | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Starvest Plc | ||||||||
b) | LEI | 2138002RU77NWA794295 | ||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 1.0p each | ||||||||
Identification code | ISIN: GB0009619817 | |||||||||
b) | Nature of the transaction | Participation in Fundraise | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information | |||||||||
- Aggregated volume | ||||||||||
- Price | 1.85 pence | |||||||||
e) | Date of the transaction | 19 June 2019 | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
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Disclaimer
Starvest plc published this content on 19 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 June 2019 09:28:00 UTC
