17 May 2017
Starvest Plc ("Starvest" or "the Company")
Issue of Equity, Total Voting Rights and Directors' Holdings
The Company is pleased to announce that it has resolved to issue a total of 754,717 new Ordinary shares of £0.01 in the Company ("Ordinary Shares") at a price of 2.12p per Ordinary Share as follows to its directors in lieu of a proportion of fees for the three months ended 31 March 2017. The issue of new Ordinary Shares to directors is in accordance with the Company's enhanced focus on limiting the outflow of cash from the business, thereby preserving cash for investment opportunities as they present themselves.
The following table shows the number of new Ordinary Shares issued and their resultant total holdings:
|
Shareholder/Director name |
Number of ordinary shares issued |
Interest in enlarged issued share capital |
% of enlarged share capital |
|
Callum N Baxter |
471,698 |
3,707,570 |
7.01% |
|
Gemma Cryan |
70,755 |
645,755 |
1.22% |
|
John Watkins * |
212,264 |
2,575,143 |
4.87% |
* Includes 1,200,000 ordinary shares held by his wife, Mrs Diane Mary Watkins.
Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on, or around, 24 May 2017.
Following admission, the Company's enlarged share capital will comprise 52,898,163 Ordinary Shares. Therefore the total number of Ordinary Shares with voting rights is 52,898,163. 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 a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Callum N Baxter
Chairman & Chief Executive
17 May 2017
Enquiries to:
Starvest PLC
Callum Baxter Chairman/CEO 07922 255 933 cbaxter@starvest.co.uk
John Watkins Finance Director 07768 512 404 jwatkins@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson or Harrison Clarke 02073 835 100
SI Capital Ltd (Appointed Broker)
Nick Emerson or Andy Thacker 01483 413 500
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Callum Baxter |
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2
|
Reason for the notification |
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a)
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Position/status |
Chairman and CEO
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b)
|
Initial notification /Amendment
|
Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
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a)
|
Name
|
Starvest Plc |
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b)
|
LEI
|
2138002RU77NWA794295 |
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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 |
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|
a)
|
Description of the financial instrument, type of instrument |
Ordinary Shares of 1.0p each |
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|
|
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Identification code |
ISIN: GB0009619817 |
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|
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b)
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Nature of the transaction
|
Participation in Fundraise |
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c)
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Price(s) and volume(s) |
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d)
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Aggregated information |
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- Aggregated volume |
471,698 |
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|
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- Price |
2.12 pence |
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|
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e)
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Date of the transaction
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17 May 2017 |
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f)
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Place of the transaction
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Outside a trading venue |
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|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||||
|
a)
|
Name
|
John Watkins |
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|
2
|
Reason for the notification |
|||||||||
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a)
|
Position/status |
Finance Director
|
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b)
|
Initial notification /Amendment
|
Initial Notification |
||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||||
|
a)
|
Name
|
Starvest Plc |
||||||||
|
b)
|
LEI
|
2138002RU77NWA794295 |
||||||||
|
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 the financial instrument, type of instrument |
Ordinary Shares of 1.0p each |
||||||||
|
|
|
|||||||||
|
Identification code |
ISIN: GB0009619817 |
|||||||||
|
|
|
|||||||||
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b)
|
Nature of the transaction
|
Participation in Fundraise |
||||||||
|
c)
|
Price(s) and volume(s) |
|
|
|
||||||
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|
|
|
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d)
|
Aggregated information |
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||||||||
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|
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|
- Aggregated volume |
212,264 |
|||||||||
|
|
|
|||||||||
|
- Price |
2.12 pence |
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|
|
|
|||||||||
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e)
|
Date of the transaction
|
17 May 2017 |
||||||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
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|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||||
|
a)
|
Name
|
Gemma Cryan |
||||||||
|
2
|
Reason for the notification |
|||||||||
|
a)
|
Position/status |
Non-Executive Director
|
||||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||||
|
a)
|
Name
|
Starvest Plc |
||||||||
|
b)
|
LEI
|
2138002RU77NWA794295 |
||||||||
|
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 the financial instrument, type of instrument |
Ordinary Shares of 1.0p each |
||||||||
|
|
|
|||||||||
|
Identification code |
ISIN: GB0009619817 |
|||||||||
|
|
|
|||||||||
|
b)
|
Nature of the transaction
|
Participation in Fundraise |
||||||||
|
c)
|
Price(s) and volume(s) |
|
|
|
||||||
|
|
|
|
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|
d)
|
Aggregated information |
|
||||||||
|
|
|
|||||||||
|
- Aggregated volume |
70,755 |
|||||||||
|
|
|
|||||||||
|
- Price |
2.12 pence |
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|
|
|
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|
e)
|
Date of the transaction
|
17 May 2017 |
||||||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
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