SAW Shaw(A)

RNS Number:9430A
Shaw (Arthur) & Co PLC
10 September 2002


10 September 2002



                           Arthur Shaw & Company PLC

              Announcement of sharedealing and issue of new shares


Arthur Shaw & Company PLC ("the Company") today announces that it has
conditionally agreed to issue 37 million new ordinary shares of 0.1p each in the
capital of the Company (the "Ordinary Shares") for cash at 0.23p per share to
David Glick, a leading London music lawyer and partner in Mishcon de Reya. These
new Ordinary Shares represent 3.8 per cent. of the issued ordinary share capital
of the Company and, following this notification, Mr Glick will retain a
beneficial interest in 39,000,000 Ordinary Shares, representing 4.05 per cent of
the issued ordinary share capital of the Company.

Application will be made for 21 million of the 37 million new Ordinary Shares to
be admitted to trading on the Alternative Investment Market of the London Stock
Exchange plc ("AIM") with admission expected to take place on 16 September 2002.
The issue of the remaining 16 million new Ordinary Shares is conditional on
shareholder approval of a resolution to issue those shares at the Company's next
general meeting.

Mr Glick has worked as a consultant to the Company since March 2001 and it has
been agreed that he will take on an expanded role for the Company, in particular
helping identify and secure suitable acquisition targets as well as providing
strategic and commercial advice to the board of directors of the Company.

Bryan Morrison, Chairman of the Company, commented:

"We are delighted to welcome David as a significant new shareholder in the
business. His agreement to purchase these shares shows his faith in the long
term future of Arthur Shaw."

                                      Ends



Enquiries:

Arthur Shaw
Bryan Morrison / Tim Curle                                         020 7706 7304

Bell Pottinger Financial
Jonathon Brill                                                     020 7861 3232


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

IOESSDFMUSESEIU

Shaw(A) (LSE:SAW)
Historical Stock Chart
From May 2024 to Jun 2024

Shaw(A) (LSE:SAW)
Historical Stock Chart
From Jun 2023 to Jun 2024