Completion of Acquisition
16 Décembre 2003 - 11:29AM
UK Regulatory
RNS Number:3010T
NWD Group PLC
16 December 2003
FOR IMMEDIATE RELEASE
16 December 2003
NWD GROUP PLC
("NWD" or the "Company")
Completion of acquisitions and
shareholdings of directors and significant shareholders
NWD announces that, having received shareholder approval at its Extraordinary
General Meeting held yesterday, it has completed today the acquisitions of
Twentyfirst Century Communications Group Limited, &SUMM Limited and Joined Up
Marketing Partnership Limited (the "Acquisitions"). Following the Acquisitions,
the placing of new ordinary shares of 1p each ("Ordinary Shares) at a price of
6.5p per Ordinary Share (the "Placing Price") in the Company (the "Placing") and
the grant of employee options, the interests of the directors and significant
shareholders of the Company in the ordinary share capital of the Company are as
follows:
Director Interest
Alan Page Alan Page today was allotted 230,769 Ordinary
Shares at the Placing Price in consideration of
waiving certain rights to which he was entitled
under an agreement with Pathfinder Ventures Limited
and subscribed #5,000 at the Placing Price for
76,923 Ordinary Shares. This increases Mr Page's
holding to 2,216,510 Ordinary Shares representing
3.3% of the Company's issued ordinary share
capital.
Alan Page was also granted options over 769,230
Ordinary Shares exercisable at the Placing Price.
In addition to these options, Mr Page holds
warrants over 6,900,000 Ordinary Shares exercisable
at a price of 10p per Ordinary Share.
David Gray David Gray today was allotted 76,923 Ordinary
Shares at the Placing Price in consideration of
waiving certain rights to which he was entitled
under an agreement with Pathfinder Ventures
Limited. This increases Mr Gray's holding to
1,985,741 Ordinary Shares representing 3.0% of the
Company's issued ordinary share capital.
David Gray was also granted options over 769,230
Ordinary Shares exercisable at the Placing Price.
In addition to these options, Mr Gray holds
warrants over 6,900,000 Ordinary Shares exercisable
at a price of 10p per Ordinary Share.
Nigel Gourlay Nigel Gourlay today subscribed #45,000 at the
Placing Price for 692,307 Ordinary Shares: this is
Mr Gourlay's entire shareholding in the Company and
represents 1.0% of the Company's issued ordinary
share capital.
Nigel Gourlay was also granted options over 769,230
Ordinary Shares exercisable at the Placing Price.
In addition to these options, Mr Gourlay holds
options over 1,100,000 Ordinary Shares exercisable
at a price of 10p per Ordinary Share.
The following shareholders were allotted Ordinary Shares in connection
with the Acquisitions such that their resulting shareholding represents
over 3% of the issued ordinary share capital of the Company:
Significant Interest
shareholder
Barnett Fletcher Barnett Fletcher was today allotted 3,751,930
Ordinary Shares at the Placing Price as initial
consideration for the sale of his shares in Joined
Up Marketing Partnership Limited to the Company:
this represents 5.6% of the Company's issued
ordinary share capital.
Martin Cox Martin Cox was today allotted 1,919,230 Ordinary
Shares, and his wife with 242,308 Ordinary Shares,
at the Placing Price as initial consideration for
the sale of their shares in &SUMM Limited to the
Company: in total these shareholdings represent
3.2% of the Company's issued ordinary share
capital.
Brian Michael Brian Michael was today allotted 2,215,384 Ordinary
Shares at the Placing Price as initial
consideration for the sale of his shares in
Twentyfirst Century Communications Group Limited to
the Company: this represents 3.3% of the Company's
issued ordinary share capital.
Brian Michael was also granted options over
1,384,615 Ordinary Shares exercisable at the
Placing Price.
The following entities were allotted Ordinary Shares in connection with
the Placing such that their resulting interest represents over 3% of the
issued ordinary share capital of the Company:
Significant shareholder Ordinary Shares % of issued
ordinary share
capital
Sinjul
Nominees
Limited 9,230,769 13.9%
Chase Nominees
Limited 7,692,307 11.6%
Seymour Pierce
Ellis Limited 3,846,153 5.8%
Evolution
Nominees
Limited 3,076,923 4.6%
City Equities
(Nominees)
Limited 3,000,000 4.5%
The Acquisitions and the Placing were announced on 28 November 2003 and
described in a circular sent to NWD shareholders on the following day.
For further information please contact:
Alan Page 07778 131 051
Chief Executive, NWD Group plc
Dr Azhic Basirov 020 7612 8812
David Jones 020 7612 8807
Smith & Williamson Corporate Finance Limited
This information is provided by RNS
The company news service from the London Stock Exchange
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