Further re: Director shareholding
17 December 2008 - 1:53AM
UK Regulatory
RNS Number : 2340K
Cosentino Signature Wines plc
16 December 2008
16 December 2008
Cosentino Signature Wines plc
Further re: Director shareholding
Cosentino Signature Wines plc ("Cosentino" or the "Company"), the AIM listed, ultra-premium brand Napa Valley based wine company,
announces that in proposing to issue 3,666,665 new ordinary shares to the directors in lieu of their salaries/directors fees as announced on
11 December 2008, the Company had inadvertently proposed to exceed its authority to issue shares after disapplying statutory pre-emption
rights.
As a result, as set out in the table below, 2,247,000 new ordinary shares will be issued immediately and the balance of 1,419,665 will
only be issued conditional upon approval of new authorities at the Company's AGM in 2009.
Director No of shares No. of shares Resulting no. of Percentage of issued
allotted immediately allotted shares after both
conditionally issues share capital
Larry Soldinger 1,427,000 906,333 8,044,799 30.78%
Greg Deman 205,000 128,333 1,003,333 3.84%
Hal Wolken 205,000 128,333 1,004,810 3.84%
Christopher Crosthwaite 205,000 128,333 333,333 1.28%
Ben Soldinger 205,000 128,333 422,064 1.61%
Application has been made for 2,247,000 new ordinary shares to be admitted to trading on AIM. Dealings are expected to commence on 17
December 2008.
Following the issue of 2,247,000 new ordinary shares, the total voting rights in issue will be 24,717,864 ordinary shares, each having
one voting right.
- Ends -
For further information please contact:
Cosentino Signature Wines plc
Larry Soldinger, Chairman - c/o Financial Dynamics 020 7831 3113
Seymour Pierce
Jonathan Wright - 020 7107 8000
Financial Dynamics
Jonathon Brill / Billy Clegg / Ed Westropp - 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
END
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