Savile Group PLC Exercise of Options (0925V)
December 09 2013 - 11:58AM
UK Regulatory
TIDMSAVG
RNS Number : 0925V
Savile Group PLC
09 December 2013
Savile Group plc
(the "Company")
Exercise of options
On 3 December 2013 Penna Group plc ("Penna") declared its offer
for the Company (the "Offer") unconditional in all respects.
Conditional on the offer becoming unconditional, Penny de Valk
and Clare Chalmers, both directors of the Company, each exercised
their share options under the Company Share Option Scheme, in
respect 500,000 ordinary shares of 3p each in the Company ("Savile
Shares"), at an exercise price of 6.5 pence per share.
Accordingly, Penny de Valk and Clare Chalmers have each been
allotted 500,000 new Savile Shares, representing approximately
3.14% each of the Company's enlarged issued share capital, and have
each accepted the Offer in respect of these new Savile Shares.
Application has today been made for the new Savile Shares, which
rank pari passu in all respects with the existing issued ordinary
shares in the Company, to be admitted to trading on AIM.
Following the issue of these new Savile Shares the Company will
have a total of 15,944,120 ordinary shares of 3p each in issue. No
shares are held in treasury. The figure which should be used as the
denominator for calculations of interests in the Company's voting
rights is 15,944,120.
Enquiries
Savile Group plc 020 7204 6990
David Harrel, Chairman
Mark Sidlin, CFO
Nominated Adviser
Cairn Financial Advisers LLP 020 7148 7900
Tony Rawlinson
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCQKLFBXLFEFBD
Savile Group (LSE:SAVG)
Historical Stock Chart
From Apr 2024 to May 2024
Savile Group (LSE:SAVG)
Historical Stock Chart
From May 2023 to May 2024