TIDMSNS

RNS Number : 9379Y

Silanis International Limited

05 January 2011

 
 For Immediate Release   5 January 2011

Silanis International Limited (the "Company") and its sole investment

Silanis Technology Inc. ("Silanis")

Director Dealings and Shareholding in Company

The Company (AIM:SNS) was notified on 30 December 2010 that on the same day, the following Directors of the Company collectively purchased 2,900 000 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), at a price of 5.5 pence each.

 
                                              Total Beneficial   Silanis 
                                  Ordinary     Interest           Exchangeable 
                     Shares        Shares      in Ordinary        Shares 
 Director             Purchased    Held 3      Shares (%)         Held 4 
------------------  -----------  ----------  -----------------  -------------- 
 Justin LaFayette 
  1                  1,500,000    6,429,853   29.6 %             0 
------------------  -----------  ----------  -----------------  -------------- 
 Vernon Lobo 
  2                  1,000,000    1,300,000   6.0 %              101,852 
------------------  -----------  ----------  -----------------  -------------- 
 Tommy 
  Petrogiannis       200,000      200,000     0.9 %              3,166,640 
------------------  -----------  ----------  -----------------  -------------- 
 Matthew Lane        200,000      200,000     0.9 %              1,177,382 
------------------  -----------  ----------  -----------------  --------------

1 These shares were purchased by Georgian Partners Inc. ("Georgian"). Justin LaFayette, a Director of the Company, is President, CEO and a shareholder of Georgian.

2 These shares were purchased by Kilimanjaro Capital Inc. ("Kilimanjaro"). Vernon Lobo, a Director of the Company, is President and the controlling shareholder of Kilimanjaro. All shares acquired prior to this purchase are held personally by Mr. Lobo.

3 As of 30 December 2010, there are 21,750,000 Ordinary Shares in issue.

4 As of 30 December 2010, there are 65,307,026 Exchangeable Shares in issue.

The Company was also notified on 30 December 2010 that on the same day, the following person now has the following holdings in the total issued share capital of the Company:

Individual Shares %

Ron Harold Farmer 800,000 3.7

Pursuant to the Exchangeable Share and Support Agreement and effective June 26, 2009, each holder of exchangeable shares (a "Shareholder") has the right to exchange its Exchangeable Shares for Ordinary Shares on a one-to-one basis, subject to each request being for a minimum tranche of 50,000 Exchangeable Shares or if a Shareholder holds less than 50,000 Exchangeable Shares, all of the Exchangeable Shares held by such Shareholder.

Full details regarding the exchangeable share structure can be found in Part II of the Company's AIM Admission Document, which is available on the Company's website www.sil-intl.co.uk.

For further details

 
 Silanis International             Tel: + 1 (514) 337 
  Limited                                        5255 
  Tommy Petrogiannis, President 
 Canaccord Genuity Limited        Tel: +44 (0)20 7050 
  Mark Williams                                  6500

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSSSLFSIFFSEFF

Silanis (LSE:SNS)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Silanis.
Silanis (LSE:SNS)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Silanis.