Photon Kathaas Productions Ltd Issue of Equity and Directors Shareholdings (5494G)
June 29 2012 - 10:56AM
UK Regulatory
TIDMPKP
RNS Number : 5494G
Photon Kathaas Productions Ltd
29 June 2012
For immediate release
Photon Kathaas Productions Limited
("Photon Kathaas" of the "Company)
Issue of Equity and Directors Shareholdings
Photon Kathaas (AIM:PKP.L) announces that 19,706 and 5,781 new
Ordinary Shares have been issued to Michael Rosenberg,
Non-executive Chairman, and Nathalie Schwarz, Non-executive
Director respectively. In accordance with the terms of their
service contracts Michael Rosenberg and Nathalie Schwarz have
agreed to take new Ordinary Shares in the Company in lieu of cash
against Director's fees payable to them for the months of November
and December 2011. These Ordinary Shares have been allotted to them
at an issue price of US$0.49 per share.
Following the above issue of shares, Michael Rosenberg is now
interested in a total of 175,293 Ordinary Shares in the Company,
representing approximately 0.81% of the enlarged issued share
capital of the Company.
Following the above issue of shares, Nathalie Schwarz is now
interested in a total of 42,022 Ordinary Shares in the Company,
representing approximately 0.19% of the enlarged issued share
capital of the Company.
Application is being made for the 25,487 new Ordinary Shares to
be admitted to trading on AIM and dealings are expected to commence
on 5 July 2012.
Following the issue of these shares, the Company has a total of
21,519,019 Ordinary Shares in issue. The total number of voting
rights in the Company is therefore 21,519,019.
Enquiries
Photon Kathaas
Michael Rosenberg + 44 (0)20 7938 4026
Venkat Somasundaram, Chief Executive +65 6224 4991
Reshma Ghatala, Head of Marketing +91 44 2820 2988
Seymour Pierce Limited (Nomad &
broker) 020 7107 8000
Tom Sheldon (Corporate Finance)
David Banks/Jacqui Briscoe (Corporate
Broking)
College Hill 020 7457 2020
Adrian Duffield/Jon Davies
About Photon Kathaas Productions
Photon Kathaas Productions is the first film company
specifically created to make and distribute films of different
genres to a primarily South Indian audience, speaking the languages
of Telugu, Tamil, Kannada and Malayalam.
PKP benefits from a special creative relationship with its chief
creative officer, Gautham Vasudev Menon. Gautham is one of the
leading directors and producers in South Indian cinema. He has been
involved in nine films to date, not only as a director but also as
a screenplay writer, an executive producer and a producer. His
earlier films include: Minnale (2000), Rehna He Tera Dile Mein
(2001), Kaaka Kaaka (2003), Gharshana (2004), Vettaiyadu Vellaiyadi
(2006), Pachaikili Muthucharam (2007), Vaaranam Aayiram (2008)
Vinnaithaandi Varuvaayaa (2010), Ye Maaya Chesave (2010) and
Nadunissi Naaygal (2011).
A. R. Rahman is PKP's creative adviser. He is an Indian film
composer, record producer, musician and singer and is credited for
totally overhauling the style in which music is made in India. A.
R. Rahman has won two Academy Awards (Slumdog Millionaire), 25
Filmfare Awards, four Indian National Film Awards, a Bafta Award,
two Golden Globes and two Grammy Awards.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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