Craven House Capital PLC Issue of Equity (5099E)
May 08 2017 - 11:17AM
UK Regulatory
TIDMCRV
RNS Number : 5099E
Craven House Capital PLC
08 May 2017
8 May 2017
Craven House Capital Plc
("Craven House" or the "Company")
Issue of Equity
The Company announces that Balbir Bindra has been issued 2,316
new ordinary shares of $1.00 each and Calum Morrison has been
awarded 2,452 new ordinary shares of $1.00 each of as per the terms
of their respective appointment letters. Alexandra Eavis has been
issued 4,768 new ordinary shares of $1.00 each in lieu of directors
fees and notice period relating to her resignation in February
2016.
Mr. Evan Kalimtgis has been issued 14,420 shares in lieu of
interest payments outstanding in relation to loans provided to the
Company. Wise Star Capital Investment Ltd have been issued 10,720
shares in lieu of principal and interest outstanding on loans made
to the Company.
Application will be made for the new ordinary shares, which will
rank pari passu with the existing ordinary shares in the Company,
to be admitted to trading on AIM. It is expected that Admission
will become effective and dealings will commence at 8.00 a.m. on 12
May 2017.
Following Admission the total issued share capital will consist
of 2,499,038 ordinary shares. As such the total number of voting
rights in the Company will be 2,499,038 ordinary shares. This
number 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 FCA's Disclosure and Transparency Rules.
Ends
For further information please contact:
Craven House Capital Tel: 0203 286 8130
Plc
Mark Pajak
www.Cravenhousecapital.com
SI Capital Tel: 01483 413500
Broker
Nick Emerson
www.sicapital.co.uk
SPARK Advisory Partners Tel: 0203 368 3550
Limited
Nominated Adviser
Matt Davis/Mark Brady
www.Sparkadvisorypartners.com
About Craven House Capital:
Craven House Capital is a frontier and emerging market focused
merchant bank seeking value oriented long term investments. Craven
House invests in all segments of the capital structure in
partnership with local entrepreneurs and the local business
community. Craven House provides long term patient capital and is
often involved in restructuring, expansion and turn around
investments in crisis and transitioning economies.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a) Name Balbir Bindra
---- ------------------------------ ----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status Non-Executive Director
---- ------------------------------ ----------------------------------
b) Initial notification Initial notification
/Amendment
---- ------------------------------ ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------
a) Name Craven House Capital PLC
---- ------------------------------ ----------------------------------
b) LEI
---- ------------------------------ ----------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ------------------------------------------------------------------
a) Description of Ordinary shares of USD 1.00
the financial each
instrument, type
of instrument
----
Identification GB00BD4FQ360
code
b) Nature of the Director remuneration as
transaction per letter of appointment
---- ------------------------------ ----------------------------------
c) Price(s) and volume(s)
---- --------------- --------------
Price(s) Volume(s)
---- --------------- --------------
Nil 2,316
--------------------------------------------------- --------------
d) Aggregated information
----
- Aggregated volume 2,316
- Price Nil
e) Date of the transaction 8 May 2017
---- ------------------------------ ----------------------------------
f) Place of the transaction London Stock Exchange, AIM
---- ------------------------------ ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a) Name Calum Morrison
---- ------------------------------ ----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status Non-Executive Director
---- ------------------------------ ----------------------------------
b) Initial notification Initial notification
/Amendment
---- ------------------------------ ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------
a) Name Craven House Capital PLC
---- ------------------------------ ----------------------------------
b) LEI
---- ------------------------------ ----------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ------------------------------------------------------------------
a) Description of Ordinary shares of USD 1.00
the financial each
instrument, type
of instrument
----
Identification GB00BD4FQ360
code
b) Nature of the Director remuneration as
transaction per letter of appointment
---- ------------------------------ ----------------------------------
c) Price(s) and volume(s)
---- --------------- --------------
Price(s) Volume(s)
---- --------------- --------------
Nil 2,452
--------------------------------------------------- --------------
d) Aggregated information
----
- Aggregated volume 2,452
- Price Nil
e) Date of the transaction 8 May 2017
---- ------------------------------ ----------------------------------
f) Place of the transaction London Stock Exchange, AIM
---- ------------------------------ ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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