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Issue of equity, directors' shareholdings and TVR

Date : 02/08/2012 @ 2:00AM
Source : UK Regulatory (RNS & others)
Stock : Ipso Ventures (IPS)
Quote : 1.425  0.0 (0.00%) @ 12:00AM
Ipso Ventures share price Chart

Issue of equity, directors' shareholdings and TVR

TIDMIPS

RNS Number : 9948W

Ipso Ventures PLC

08 February 2012

IPSO Ventures plc

("IPSO"or the "Company")

Issue of equity, directors' shareholdings and total voting rights

The board of directors of IPSO announces that on 7 February 2012 the Company issued a total of 730,434 new ordinary shares of 0.1 of one penny each in the capital of IPSO ("Shares") to the existing directors of the Company in lieu of net fees payable for the three month period ended 31 January 2012. These new Shares were issued at a price of 2.875p, being the average mid-market price of the Shares over the five-day period ended 6 February 2012.

In addition, 260,870 new Shares were issued to a consultant to IPSO in lieu of fees.

The new Shares have been issued to the existing directors of IPSO as follows:

 
                              Number          Existing            Total number       Proportion 
                               of new           Shares              of Shares        of enlarged 
                               Shares            held             held following     issued share 
                               being                                admission          capital 
                               issued                                               held following 
                                                                                      admission 
 
 Nick Rodgers 
  (Chief Executive)           313,043   *     2,778,824   **           3,091,867              7.8% 
 Craig Rochford 
  (Chairman)                  313,043   ***   2,645,000   ****         2,958,043              7.5% 
 John Kelly (Non-Executive 
  Director)                   104,348         2,890,000                2,994,348              7.6% 
 
 
 *      The 313,043 new Shares have been issued to 
         Nick Rodgers Financial Limited, a company 
         wholly owned by Nick Rodgers. 
 **     300,000 of the Shares that Nick Rodgers is 
         currently beneficially interested in are held 
         equally by Nick Rodgers and his wife, Thea 
         Rodgers, as trustees for both the Thea Rodgers 
         Children's Settlement and the Nick Rodgers 
         Children's Settlement. 
 ***    The 313,043 new Shares have been issued to 
         The Invention Company Limited, a company wholly 
         owned by Craig Rochford. 
 ****   1,033,043 of the Shares that Craig Rochford 
         is currently beneficially interested in are 
         held by The Invention Company Limited. 
 

Application will be made for the 991,304 Shares to be admitted to trading on AIM ("Admission") and it is anticipated that Admission will take place on or around 14 February 2012. Following Admission there will be 39,421,882 Shares in issue. 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 change to their interest in IPSO under the Disclosure Rules and Transparency Rules of the UK Financial Services Authority.

For further information, please contact:

 
 IPSO Ventures plc                Tel: 020 7921 2990 
  Craig Rochford, Chairman         craig@ipsoventures.com 
  Nick Rodgers, Chief Executive    nick@ipsoventures.com 
                                   www.ipsoventures.com 
 Allenby Capital Limited          Tel: 020 3328 5656 
  (Nominated Adviser and 
  Broker) 
  Nick Athanas 
  Mark Connelly 
  James Reeve 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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