TIDMRUBI

RNS Number : 1152J

Rubicon Diversified Investments PLC

02 August 2012

Rubicon Diversified Investments Plc

("Rubicon" or the "Company")

Issue of Shares and Options to easyGroup Holdings

Rubicon (AIM:RUBI) announces that easyGroup Holdings Ltd ("eGH"), a Company controlled by Sir Stelios Haji-Ioannou, will be issued with 93,327,995 new ordinary shares of 1p each of the Company ("Shares") as agreed in the exclusive FastJet Brand Licence entered into on 3(rd) May 2012. Following the issue of these Shares eGH will hold 5.00% of the fully diluted share capital of the Company.

In addition, eGH has been granted options over 207,395,455 Shares, representing 10% of the enlarged fully diluted share capital, at an exercise price of 5.2p per share. These options vest immediately and are exercisable at any time up to and including 2 August 2014.

Following Admission of the Shares, which is expected to take place on 7 August 2012, the Company will have 1,542,658,130 ordinary shares in issue. 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 in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Rubicon's Executive Chairman, David Lenigas, stated:

"Sir Stelios's easyGroup Holdings Ltd now holds 5% of the fully diluted shares of Rubicon and an option to acquire another 10% of the Company for 2 years at an exercise price of 5.2 pence per share. The Company is delighted to welcome easyGroup as a significant shareholder in the Company, as we move forward to launching Africa's first true Low Cost Airline."

For further information please contact:

   Rubicon Diversified Investments Plc       Tel: +44 (0) 20 7 887 1421

Ed Winter

David Lenigas

Richard Blakesley

   Citigate Dewe Rogerson                    Tel: +44 (0) 20 7638 9571

Angharad Couch

Sally Marshak

Eleni Menikou

   W.H. Ireland Ltd.                         Tel: +44 (0) 20 7220 1666

James Joyce

Nick Field

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEDBGDIDBGBGDB

Rubicon Software (LSE:RUBI)
Historical Stock Chart
Von Okt 2024 bis Nov 2024 Click Here for more Rubicon Software Charts.
Rubicon Software (LSE:RUBI)
Historical Stock Chart
Von Nov 2023 bis Nov 2024 Click Here for more Rubicon Software Charts.