Issue of Equity
10 Juillet 2007 - 11:34AM
UK Regulatory
THE WEATHER LOTTERY PLC
("The Weather Lottery" or the "Company")
ISSUE OF EQUITY
10 July 2007
The Directors of The Weather Lottery plc are pleased to announce that it has
completed a placing of 5,000,000 new ordinary shares of 0.1 pence each (the
"Placing Shares"). The shares were placed with investors at a price of 1.5 pence
each raising in total �75,000.
The specific purpose of the Placing was to recruit and employ sales agents to
convert the thousands of enquiries on The Weather Lottery database. The interest
and number of enquiries already received from societies has been significant,
and with additional staff employed to assist with people registering, the
Company is now confident of growth over the next twelve months.
Application has been made for the Placing Shares and the New Shares to be
admitted to trading on AIM on 13 July 2007 ("Admission").
In addition, the Company has issued 1,250,000 new ordinary shares of 0.1 pence
each to SVS Securities in lieu of agreed corporate broking fees (the "New
Shares").
Following Admission, the Placing Shares and the New Shares will rank pari passu
in all respects with the existing issued ordinary shares of 0.1 pence each in
the Company.
The total number of ordinary shares in issue following the Placing Shares and
New Shares will be 83,304,737.
Following Admission, the following parties will have notifiable interests:
Name No. of Ordinary % holding
Shares
SVS Nominees Limited 17,371,737 20.85
Andy Moore 13,700,000 16.45
Share Nominees 12,430,995 14.92
Limited
Mr John Green* 4,640,000 5.57
Lunarbright Limited 4,611,165 5.54
* 4,015,000 Ordinary Shares are held directly by Mr John Green and 625,000
Ordinary Shares are held by the Hornbuckle Mitchell Trustees Limited, a trust
which Mr John Green and his family are beneficiaries.
Keith Milhench, Managing Director of The Weather Lottery plc, comments:
"After a strategic review by the Board, it became clear that we had thousands of
enquires from clubs, charities and societies, all of which require a number of
follow up calls to assist with the registration process. We are delighted to
announce this placing which will allow us to recruit specific sales agents to
convert these enquires into revenue."
-ends-
For further information:
The Weather Lottery plc 0113 2750002
Keith Milhench
Website www.theweatherlottery.com
SVS Securities plc 020 7638 5600
Ian Callaway/Peter Manfield
ARM Corporate Finance Ltd 020 7512 0191
Nick Harriss
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