Director Shareholding
January 26 2004 - 11:58AM
UK Regulatory
RNS Number:6499U
Net b2b2 PLC
26 January 2004
Netb2b2 plc ("Netb2b2" or "the Company")
Directors shareholdings
Netb2b2 announces that on 23 January 2004, the directors and one other
optionholder exercised options at an exercise price of 0.55 pence per share as
detailed below. The subsequent onsale of all the shares was at a price of 1
penny per share.
Director Options Balance of Shares Sold Balance of % of Share
Exercised at Options Held Shares Held Capital
0.55p
at 1p
Keith 9,025,000 725,000 9,025,000 75,575,543 17.91%
Young
Andrew 9,000,000 750,000 9,000,000 1,625,000 0.39%
Gannon
Geoffrey
Griggs 9,000,000 750,000 9,000,000 1,625,000 0.39%
James 725,000 0 725,000 31,333,333 7.43%
Andrews
Timothy 1,750,000 0 1,750,000 10,000,000 2.37%
Childs
Other 500,000 n/a n/a n/a n/a
In addition, the Company announces the issue of 4,250,000 ordinary shares of
0.1p per share in consideration of certain contractual obligations.
Application will be made for 34,250,000 new ordinary shares to be admitted to
AIM and trading is expected to commence on 30 January 2004.
Keith Young, the Chairman of Netb2b2, commented: "Since 30 June 2003, the
Company has undertaken three private placings raising some #850,000 net of
expenses for the further development of the business. The Directors have taken
the opportunity to exercise a proportion of their options in order to raise
further working capital and we now believe that the Company is in a stronger
position to continue its development through acquisitions and organic growth."
For further information, please contact:
Geoffrey Griggs John West / Claire Melly
Netb2b2 plc Tavistock Communications
Tel 020 7878 1007 Tel 020 7920 3150
26 January 2004
This information is provided by RNS
The company news service from the London Stock Exchange
END
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