Fusion IP PLC Issue of Equity (5537C)
18 March 2014 - 7:48PM
UK Regulatory
TIDMFIP
RNS Number : 5537C
Fusion IP PLC
18 March 2014
FUSION IP PLC
("Fusion IP" or "the Company")
Exercise of Options
The Company announces that following the court sanction of the
Scheme on 17 March 2014, Doug Liversidge exercised options over a
total of 50,000 ordinary shares of 1p each in the Company
("Ordinary Shares") at an exercise price of 33.5 pence per Ordinary
Share and an ex-employee exercised options over a total of 270,000
Ordinary Shares. The 320,000 new Ordinary Shares have been issued
and allotted. The total number of Ordinary Shares in the Company
with voting rights is 109,777,096. Following the court sanction of
the Scheme announced on 17 March 2014 and the anticipated Effective
Date for cancellation of the Company's admission to AIM on 20 March
2014, application will not be made for the 320,000 new Ordinary
Shares to be admitted to trading on AIM.
On 17 March 2014, Mr Liversidge also exercised his options,
granted on 27 January 2005, to acquire 97,756 Ordinary Shares from
each of David Baynes (CEO), Stuart Gall (Commercial Director) and
Peter Grant (Operations Director). Mr Baynes, Mr Gall and Mr Grant
have each waived the exercise price payable by Mr Liversidge. The
aforementioned Directors now have the following interests in the
Company's shares:
Name New holding of Ordinary Shares % of enlarged issued share capital
---------------------------- ------------------------------- -----------------------------------
Doug Liversidge (Chairman) 353,268 0.32%
---------------------------- ------------------------------- -----------------------------------
David Baynes 1,235,576 1.13%
---------------------------- ------------------------------- -----------------------------------
Stuart Gall 1,235,576 1.13%
---------------------------- ------------------------------- -----------------------------------
Peter Grant 1,235,576 1.13%
---------------------------- ------------------------------- -----------------------------------
Defined capitalised terms used but not otherwise defined in this
announcement have the meaning given to them in the Scheme Document
dated 4 February 2014 and sent to shareholders of the Company.
18th March 2014
For further information please contact:
For further information please
contact: Fusion IP +44 114
David Baynes, CEO 275 5555
Bobbie Hilliam Cenkos +44 207 397
8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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