Directorate Change (4724P)
October 04 2011 - 2:00AM
UK Regulatory
TIDMSCAP
RNS Number : 4724P
Shariah Capital, Inc
04 October 2011
Company Shariah Capital, Inc.
TIDM SCAP
Headline Resignation of Director
Released 4 October 2011
Shariah Capital Announces Change of Director
Shariah Capital announces that Joseph Gau has resigned as a
member of the Board of Directors and an officer of the Company,
which resignation was effected in accordance with the expiration of
his employment agreement with the Company.
In connection with Mr. Gau's departure from the Company, the
Company has agreed to accept stock held by Mr. Gau in the amount of
250,000 shares in full satisfaction of a loan made by the Company
to Mr. Gau. The consideration value for the transfer of these
shares to treasury shares was USD 53, 539.73, or USD 0.2142 per
share. Following the transfer of these shares, the Company will
hold 323,900 shares of common stock in treasury and Mr. Gau will
hold 50,000 shares of common stock.
The Company wishes the best for Mr. Gau in his new
endeavors.
Enquiries:
Eric Meyer
Chairman & Chief Executive Officer
Shariah Capital, Inc.
Telephone: +1 203-972-0331
emeyer@shariahcap.com
Martin Smith
Investec Investment Banking
Telephone+44 20 7597 5177
Martin.smith@investec.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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