Network Group Holdings plc (the "Company") Application for Admission Network Group Holdings announces that application for admission has been made
in respect of 653,621 ordinary shares of 0.1p, which is expected to become
effective on 23 December 2008. These shares were issued during the period
between 14 June 2008 and 8 July 2008, however no application for admission was
made at the time due to an administrative oversight.
These shares were issued pursuant to the Company's policy of incentivising
management in its businesses through equity participation in the Company, and
were issued in consideration for shares in the subsidiaries concerned, as
follows: Name Subsidiary Shares issued % of subsidiary
acquired by the
Company in
consideration for
new shares issued
Claire Needham Network HR Recruitment 237,089 12.29%
Limited
Lisa Wormald Network HR Recruitment 237,089 12.29%
Limited
Elis Jones T.E.N. (The Education 23,481 2.5%
Network - Employment
Services) Limited
Clodagh Ward Network IT Recruitment 155,962 5%
Limited
TOTAL 653,621 As a result of this issue of shares and the buy back announced on 16 December
2008, and in conformity with the Financial Services Authority's Disclosure and
Transparency Rules, the Company gives notice that its voting capital consists
of 65,537,284 ordinary shares of 0.1p each, with a total nominal value of £
65,537.28.
As the Company does not hold any ordinary shares in Treasury, its total number
of voting rights equals its capital. Under the trust deed establishing the
Network Group Holdings Employee Benefit Trust, the trustees have undertaken to
abstain from voting any shares held in the trust fund, which currently holds
6,500,000 ordinary shares (representing 9.9% of the issued share capital),
however these shares still carry voting rights, and have been included in the
total voting rights figure quoted above.
The above 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 FSA's
Disclosure and Transparency Rules.
For further information please contact: Network Group Holdings plc 01676 525 000
Christopher Ross, Chairman
www.networkgroupholdings.co.uk
Nominated Adviser 020 7492 4777
Dowgate Capital Advisers Limited
Tony Rawlinson / Simon Sacerdoti END
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