Starvest PLC Issue of Shares to Directors. Total Voting Rights (6153G)
27 Juillet 2021 - 12:00PM
UK Regulatory
TIDMSVE
RNS Number : 6153G
Starvest PLC
27 July 2021
27 July 2021
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 132,410 new Ordinary shares of GBP0.01 in the Company
("Ordinary Shares") at a price of 16.5p per Ordinary Share as
follows to two of its directors in lieu of fees for Q2 2021. 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 Number of ordinary Interest in % of enlarged
name shares issued enlarged issued share capital
share capital
Callum N Baxter 90,909 7,892,459 13.61
Gemma Cryan 41,501 1,396,086 2.41
Application will be made for the new shares to be admitted to
trading on AIM with admission expected to take place on, or around,
2 August 2021.
Following admission, the Company's enlarged share capital will
comprise 57,982,031 Ordinary Shares. No shares are held in
Treasury. Therefore, the total number of Ordinary Shares with
voting rights is 57,982,031. 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
Regulation (EU) No. 596/2014 which is part of UK law by virtue of
the European Union (withdrawal) Act 2018. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
Callum N Baxter
Chairman & Chief Executive
27 July 2021
Enquiries to:
Starvest PLC
Callum Baxter or Gemma Cryan 02077 696 876
info@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson, Harrison Clarke or Lukas Gurzadas 02073 835
100
SI Capital Ltd (Broker)
Nick Emerson or Alan Gunn 01483 413 500
The following disclosures are 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 Initial Notification
/Amendment
-------------------------- --------------------------------------------
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 Ordinary Shares of 1.0p each
financial instrument,
type of instrument
Identification code ISIN: GB0009619817
b) Nature of the transaction Issue of shares in lieu of directors'
fees
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Name Price(s) Volume(s)
Callum Baxter 16.5 90,909
--------- ----------
----------------------------------------
d) Aggregated information
- Aggregated volume
- Price 16.5 pence
e) Date of the transaction 27 July 2021
-------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gemma Cryan
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Director
--------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- ------------------------------------------
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 Ordinary Shares of 1.0p each
financial instrument,
type of instrument
Identification code ISIN: GB0009619817
b) Nature of the transaction Issue of shares in lieu of directors'
fees
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Name Price(s) Volume(s)
Gemma Cryan 16.5p 41,501
--------- ----------
--------------------------------------
d) Aggregated information
- Aggregated volume
- Price 16.5 pence
e) Date of the transaction 27 July 2021
--------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------
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END
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