Ipso Ventures PLC Completion of Demerger and Subscription (9649W)
02 February 2013 - 1:59AM
UK Regulatory
TIDMIPS
RNS Number : 9649W
Ipso Ventures PLC
01 February 2013
1 February 2013
IPSO Ventures plc
(to be re-named Plutus Resources plc)
(the "Company")
Completion of Demerger and Subscription
Further to the announcement made by the Company on 31 January
2013, the Company is pleased to confirm that admission of the
Subscription Shares to trading on AIM became effective at 8.00am
this morning, resulting in completion of the Proposals.
Pursuant to the Proposals, the Company has raised GBP360,000
(before expenses) through a subscription for 104,000,000 new
Ordinary Shares at 0.25p per Ordinary Share and the issue of
GBP100,000 of Convertible Loan Notes convertible into 40,000,000
new Ordinary Shares.
Nicholas Lee has joined the Board as a Non-Executive Director
and John Kelly has stepped down from the Board. Craig Rochford
(formerly executive Chairman) remains on the Board as a
Non-Executive Director. In addition, Charles Tatnall and James
Longley, both of whom are Subscribers, have joined the Company in
non-Board capacities with James Longley acting as Chief Financial
Officer and Company Secretary and Charles Tatnall acting as a
consultant to the Company.
The Board confirms that, following Admission of the Subscription
Shares, it is aware of the following Shareholders that have
interests in 3 per cent. or more of the issued share capital of the
Company, as detailed below:
Shareholder Number of Ordinary Percentage of issued share
Shares capital
Paternoster Resources
plc* 40,000,000 27.9
Charles Tatnall 28,000,000 19.5
James Longley 20,000,000 13.9
Richard Hoblyn 8,000,000 5.6
Robert Savill 6,000,000 4.2
Andrew Hobbs 5,740,000 4.0
* Nicholas Lee (Non-Executive Director of IPSO) is also Chairman
of Paternoster Resources plc
Definitions in this announcement are consistent with those set
out in the circular issued to Shareholders of the Company on 28
December 2012, a copy of which is available on the investor section
of the Company's current website (http://www.ipsoventures.com).
For further information, please contact:
IPSO Ventures plc Tel: 020 7462 0093
Nicholas Lee, Non-Executive Director
Craig Rochford, Non-Executive
Director
Allenby Capital Limited Tel: 020 3328 5656
(Nominated Adviser and Broker)
Mark Connelly
Nick Athanas
This information is provided by RNS
The company news service from the London Stock Exchange
END
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