Key points
- Peter Vanderspuy exercised options on 28 September 2007 and John Goodwin exercised options on 30 August 2007, both at an exercise price of 25p.
- The company issued 300,000 ordinary shares of 0.5p each to Vanderspuy and 250,000 to Goodwin, bringing total shares in issue to 65,442,063.
- Application will be made for the new shares to be admitted to trading on AIM.
- Following the exercise, Vanderspuy holds 1,500,000 shares (2.29% of share capital) and Goodwin holds 250,000 shares (0.38% of share capital).
The Company announces that following receipt of option exercise notices by Peter Vanderspuy (non-executive chairman) on 28 September 2007 and John Goodwin (non-executive director) on 30 August 2007 and the subsequent receipt of funds, the Company has today issued and allotted 300,000 and 250,000 shares ordinary shares of 0.5p each to these directors respectively. The exercise price of these options was 25p. Following the issue of these shares, the Company will have 65,442,063 ordinary shares in issue and application will be made for the shares to be admitted to trading on AIM.
Following the exercise of the above options, Peter Vanderspuy and John Goodwin will have the following interests in the Company:
Director
Ordinary Shares
% of share capital
Options
Peter Vanderspuy
1,500,000
Ordinary Shares
2.29
166,667 Options are exercisable at 35 pence with a first exercise date of 17 October 2008 and an expiry date of 17 October 2012
288,325 Options are exercisable at 25 pence with a first exercise date of 10 October 2006 and an expiry date of 10 October 2010
John Goodwin
250,000
Ordinary Shares
0.38
138,889 Options are exercisable at 35 pence with a first exercise date of 17 October 2008 and an expiry date of 17 October 2012
