Issue of Equity (4654I)
June 15 2011 - 3:15AM
UK Regulatory
TIDMARP
RNS Number : 4654I
Ashcourt Rowan PLC
15 June 2011
For immediate release:
Ashcourt Rowan Plc
("Ashcourt Rowan", the "Company" or the "Group")
Issue of Equity
The Directors of Ashcourt Rowan Plc (the "Company") (AIM: ARP),
the wealth management group, announce that the Company will be
issuing 17,033,333 ordinary shares of 0.2 pence each in the Group
("Ordinary Shares") to certain staff and senior managers which have
vested under the Company's Long Term Investment Plan ("LTIP").
Application has been made for the New Ordinary Shares, which
will when issued rank pari passu with the existing Ordinary Shares
in issue, to be admitted to trading on AIM; trading is expected to
commence on 20 June 2011. Following the issue of the new Ordinary
Shares as set out above, the total number of shares in issue will
be 1,827,781,960. Therefore the total number of Ordinary Shares in
the Company with voting rights is 1,827,781,960.
The above figure of 1,827,781,960 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculation
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Financial Service Authority's Disclosure and
Transparency Rules.
-Ends-
Further information:
Ashcourt Rowan plc
Peter Dew (Chairman) Tel: 020 7871 7250
Cenkos Securities plc
Stephen Keys (NOMAD) /Julian Morse (Sales) Tel: 020 7397
8900
GTH Communications
Toby Hall/Christian Pickel Tel: 020 3103 3903
This information is provided by RNS
The company news service from the London Stock Exchange
END
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