Admission of shares
14 Dezember 2007 - 4:28PM
UK Regulatory
RNS Number:9877J
Freeplay Energy PLC
14 December 2007
14 December 2007
Freeplay Energy plc ("Freeplay")
Application for admission of new ordinary shares
Freeplay, the original and leading global brand of clean, dependable energy
products, is pleased to announce that application for admission to trading on
AIM for 12,352,940 new ordinary shares pursuant to the private placement
announced on 29 November 2007 has been made.
The Board anticipates that the total funds raised from the private placement
announced on 29 November 2007 of $1.26 million ("Private Placement") and the
placing and subscription, announced on 20 November 2007, of approximately US
$4.3 million ("Placing and Subscription) will satisfy the working capital
requirements of the Company through to at least the third quarter of the
financial year commencing 1 January 2008.
It is expected that admission for the 12,352,940 new ordinary shares relating to
the Private Placement will take place and dealings will commence on Thursday, 20
December 2007.
The holdings of the Directors following admission of the 12,352,940 new ordinary
shares will be as follows:
Director Number of % of enlarged
Ordinary issued
Shares on ordinary share
Admission capital on
Admission
R.M. Stear(1) 8,363,471 8.63%
H. Reiter 975,609 1.01%
T.G. Roddick(2) 8,829,962 8.08%
A. Polansky 608,493 0.63%
R.A. Court 975,609 1.01%
D. Floyd 200,000 0.21%
W. Barrett 1,951,219 2.01%
E. Barrett 975,601 1.01%
(1) Mr. Stear's current shareholding is held by the Flambard Settlement of which
he is a beneficiary and by Wild Investments Limited in which he is interested.
The New Ordinary Shares attributable to Mr. R.M. Stear will be owned by Flambard
Holdings Limited, a company in which Rory Stear is interested.
(2) Mr. Roddick's current shareholding includes 1,000,000 Ordinary Shares held
by Wild Investments Limited, in which he is interested.
Following admission of the 12,352,940 new ordinary shares the Company will have
a total of 96,864,599 ordinary shares in issue.
- Ends -
Enquiries
Freeplay Energy plc 020 7851 2630
Rory Stear, Chairman
Charles Stanley Securities ("Nominated Adviser") 020 7149 6000
Mark Taylor
Weber Shandwick Financial 020 7067 0700
Louise Robson/James White
This information is provided by RNS
The company news service from the London Stock Exchange
END
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