Director/PDMR Shareholding
December 10 2007 - 10:33AM
UK Regulatory
RNS Number:5780J
Argentvive PLC
10 December 2007
ArgentVive plc ("ArgentVive" or the "Company")
Director / PDMR Shareholdings
The Company announces that Mr. David Mahony and Mr. Andrew Wells, both Directors
of the Company and Mr. Martin Hearn, a director of Midas Merchant Ltd a
subsidiary of the Company, have exercised share options in respect of 400,000,
250,000 and 300,000 ArgentVive ordinary shares respectively (the "Options").
The Options were all exercised at a price of 10p per share. The Options were
granted under the Unapproved Share Option Scheme (the "Scheme") in two tranches
in 2000 and 2004.
The Company was subject to an offer by IAF Securities Limited on behalf of Mr
Charles Denton that was made on 30 April 2007 (the "Offer"). Under the terms of
the Scheme, in the event of an offer for the class of shares to which the
options relate the option holders are required to exercise their options within
six months the date on which any such offer is declared wholly unconditional
otherwise they shall lapse. The Offer was declared unconditional on 7 June
2007.
Following the exercise of the Options, Mr. Mahony's holding in the Company is
now 400,000 ordinary shares representing 1.41 per cent. of the total voting
rights of the Company, Mr. Wells' holding in the Company is now 250,0000
ordinary shares representing 0.88 per cent. of the total voting rights of the
Company. Mr. Hearn's holdings in the Company is now 314,200 ordinary shares
representing 1.10 per cent. of the total voting rights of the Company.
Application has been made for the 950,000 new ordinary shares to be admitted to
trading on AIM and it is expected that admission to trading on AIM will take
place on 13 December 2007.
The new ordinary shares will rank pari passu with the existing shares of the
Company. Following this allotment, the total issued share capital of the
Company will increase to 28,566,016 ordinary shares.
10 December 2007
Enquiries:
ArgentVive plc Tel: 01932 569 912
Kevin Fleming
Charles Stanley Securities Tel: 020 7149 6000
Nominated Adviser
Russell Cook / Carl Holmes
This information is provided by RNS
The company news service from the London Stock Exchange
END
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