TIDMSVE

RNS Number : 6153G

Starvest PLC

27 July 2021

27 July 2021

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 132,410 new Ordinary shares of GBP0.01 in the Company ("Ordinary Shares") at a price of 16.5p per Ordinary Share as follows to two of its directors in lieu of fees for Q2 2021. The issue of new Ordinary Shares to directors is in accordance with the Company's 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    Number of ordinary        Interest in    % of enlarged 
  name                        shares issued    enlarged issued    share capital 
                                                 share capital 
 Callum N Baxter                     90,909          7,892,459            13.61 
 Gemma Cryan                         41,501          1,396,086             2.41 
 

Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on, or around, 2 August 2021.

Following admission, the Company's enlarged share capital will comprise 57,982,031 Ordinary Shares. No shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 57,982,031. 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 Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Callum N Baxter

Chairman & Chief Executive

27 July 2021

Enquiries to:

Starvest PLC

Callum Baxter or Gemma Cryan 02077 696 876 info@starvest.co.uk

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Lukas Gurzadas 02073 835 100

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn 01483 413 500

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Callum Baxter 
     --------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status             Chairman and CEO 
     --------------------------  -------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  -------------------------------------------- 
 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          Ordinary Shares of 1.0p each 
       financial instrument, 
       type of instrument 
 
      Identification code         ISIN: GB0009619817 
 
 b)   Nature of the transaction   Issue of shares in lieu of directors' 
                                   fees 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)         Name             Price(s)   Volume(s) 
                                      Callum Baxter    16.5       90,909 
                                                      ---------  ---------- 
                                   ---------------------------------------- 
 
 d)   Aggregated information 
 
      - Aggregated volume 
 
      - Price                     16.5 pence 
 
 e)   Date of the transaction     27 July 2021 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Gemma Cryan 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              Director 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification         Initial Notification 
       /Amendment 
     ---------------------------  ------------------------------------------ 
 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           Ordinary Shares of 1.0p each 
       financial instrument, 
       type of instrument 
 
      Identification code          ISIN: GB0009619817 
 
 b)   Nature of the transaction    Issue of shares in lieu of directors' 
                                    fees 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)          Name           Price(s)   Volume(s) 
                                       Gemma Cryan    16.5p      41,501 
                                                     ---------  ---------- 
                                    -------------------------------------- 
 
 d)   Aggregated information 
 
      - Aggregated volume 
 
      - Price                      16.5 pence 
 
 e)   Date of the transaction      27 July 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ------------------------------------------ 
 

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END

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July 27, 2021 06:00 ET (10:00 GMT)

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