Issue of Equity and Directors Shareholdings (1999J)
27 Juni 2011 - 4:56PM
UK Regulatory
TIDMPKP
RNS Number : 1999J
Photon Kathaas Productions Ltd
27 June 2011
Photon Kathaas Productions Limited
("Photon Kathaas" of the "Company)
Issue of Equity and Directors Shareholdings
Photon Kathaas (AIM:PKP.L) announces that pursuant to the
Company's listing arrangements and as stated in the Admission
Document dated 3 November 2010 a further total of 34,027 new
Ordinary Shares were issued to Michael Rosenberg, Non-executive
Chairman, Nathalie Schwarz, Non-executive Director. In accordance
with the terms of their service contracts Michael Rosenberg and
Nathalie Schwarz have agreed to take new Ordinary Shares in the
Company in lieu of cash against Director's fees payable to them, as
set out in the Admission Document. These Ordinary Shares have been
allotted to them at an issue price of US$0.49 per share. In
addition, a further 13,638 Ordinary Shares were issued to Hari
Swaminathan, an employee of the company, in lieu of cash against
salary payable to him for the period prior to the Company's
admission to trading on 4 November 2010.
Following the above issue of shares, Michael Rosenberg is now
interested in a total of 81,400 Ordinary Shares in the Company,
representing approximately 0.38% of the enlarged issued share
capital of the Company.
Following the above issue of shares, Nathalie Schwarz is now
interested in a total of 18,023 Ordinary Shares in the Company,
representing approximately 0.08% of the enlarged issued share
capital of the Company.
Application is being made for the 47,665 new Ordinary Shares to
be admitted to trading on AIM and dealings are expected to commence
on 1 July 2011.
Following the issue of these shares, the Company has a total of
21,411,127 Ordinary Shares in issue. The total number of voting
rights in the Company is therefore 21,411,127.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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