Director/PDMR Shareholding
January 15 2008 - 5:05AM
UK Regulatory
RNS Number:7835L
Argentvive PLC
15 January 2008
15 January 2008
ARGENTVIVE PLC
("ArgentVive" or the "Company")
Director's Shareholding
ArgentVive, the AIM quoted e-commerce group, was advised on 14 January 2008 that
Charles Denton, Deputy Chairman, on 11 January 2008 purchased 25,000 ordinary
shares in the Company at a price of 50 pence per share.
Following this purchase Mr Denton holds 15,565,503 ordinary shares, representing
approximately 54.6 per cent of the Company's existing issued ordinary share
capital.
The Company announced on 21 December 2007 that it has completed a placing of
8,365,291 new Ordinary Shares (the "Placing Shares") at a price of 50 pence per
share conditional, inter alia, upon Shareholder approval at a general meeting to
be held 15 January 2007 (the "Placing"). Charles Denton has undertaken to
subscribe for 1,528,291 new Ordinary Shares in the Placing. In addition the
Company also announced that it was acquiring Solcara Limited for a cash
consideration of �1.62 million and up to 4,760,000 new Ordinary Shares of which
4,260,000 new Ordinary Shares (the "Consideration Shares") are expected to be
admitted on 16 January 2008. Therefore, upon Admission of the Placing Shares
and the Consideration Shares to trading on AIM Charles Denton's shareholding
will be 17,093,794 ordinary shares which will represent approximately 41.5 per
cent of the enlarged share capital of the Company.
Enquiries:
ArgentVive plc 01932 569 912
Kevin Fleming
Charles Stanley Securities 020 7149 6000
Nominated Advisor and Joint Broker
Russell Cook / Carl Holmes
IAF Securities 020 7747 7400
Joint Broker
Gary Pinkerton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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