CADP Etf Lcad Susd �

 
TIDMCADP 
 
Captive Audience Display Solutions Plc-Revised Share for Share Transaction Announcement 
                                Captive Audience Display Solutions Plc 
 
                                       ("CADS" or "the Company") 
 
                           Revised Share for Share Transaction Announcement 
 
 
On  an  announcement  released  this  morning at 7.15am GMT, the Company  would  like  to  revise  the 
announcement to replace the Euro Symbol which did not translate correctly on publication with "Euro". 
 
The  directors of CADS are pleased to announced that pursuant to a Memorandum of Understanding ("MOU") 
entered into between CADS and Proventus Energy PLC ("PE"), a company registered in England and  having 
its  registered  office  at 2 Mill Street, Bedford, Bedfordshire, MK40 3HD CADS  has  agreed  a  share 
transaction whereby it will acquire a 3.916% stake in PE. 
 
The nature of the transaction is summarised as follows: 
 
a) CADS will acquire a 3.916% stake in PE. 
 
b)  To  complete this transaction as contemplated within the terms of the MOU, CADS will issue  to  PE 
50,000,000  Ordinary Shares of Euro0.0001 each at a price of Euro0.02 to include a  share  premium  of 
Euro0.0199 per share. 
 
c) Following the issue of these shares PE will hold 17.58% of the enlarged share capital of CADS. 
 
In  consideration for the issuance of such number of Ordinary shares, PE in turn will  issue  to  CADS 
3,340,000 of its Ordinary shares of GBPGBP0.01 each. 
 
d) The imputed value of the consideration being paid to CADS is considered to be Euro0.02 per Ordinary 
Share to be issued in CADS giving a total consideration of Euro1,000,000. 
 
 
The   principal  asset  of  PE  is  a  wholly  owned  subsidiary  company  Proventus  Energy  Bulgaria 
Ogranistschena Otgovomost Druschestvo ("OOD"), a company registered in Bulgaria, whose only asset is a 
project  which  is  80%  owned by that subsidiary company and known as Dobrotich  Wind  Farm  Project, 
Bulgaria. The Dobrotich Wind Farm Project has a total capacity of 200 MW, and is situated in  Bulgaria 
- East Europe at a distance of approximately 50 km from the Black Sea. 
 
The  rational  for this transaction is to allow both companies to explore each other's business  model 
and to identify possible synergies and future revenue generating opportunities. 
 
Following the issuance of the 50,000,000 Ordinary Shares by CADS, the total number of Ordinary  Shares 
in issue will be 284,348,564. 
 
The Directors shareholding following the issuance remains at 22,700,769 which will represent 7.98%  of 
the enlarged share capital. 
 
 
Liam  McGrattan,  Lisa  McDonnell, Graham Curtis and Keith Jordan as  Directors  of  Captive  Audience 
Display Solutions plc are responsible for the contents of this announcement. 
 
Contact Details: 
 
Captive Audience Display Solutions Plc 
Mr. Liam McGrattan 
Tel. Ireland: +353 1 823 0510 
 
LHM Casey McGrath 
Mr. Con Casey 
Tel. Ireland: +353 1 495 9200 
Con.casey@lhmcaseymcgrath.ie 
 
 
 
Captive Audience Display Solutions plc 
 

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