Issue of Equity
10 March 2008 - 11:39PM
UK Regulatory
RNS Number:7366P
March Networks Corporation
10 March 2008
10 March 2008
March Networks Corporation ("March" or the "Company")
Issue of Equity and Directors Dealings
The Company has been informed that as of 6 March 2008 the following issues of
equity common shares ("Common Shares") have occurred in relation to payment of
Director's fees in lieu of cash compensation:
Director Period of Services Date of Number of Common Shares
issuance issued
Ian November 1, 2007 to January March 6, 2008 1,329
McLaren 31, 2008
Alan Horn November 1, 2007 to January March 6, 2008 1,218
31, 2008
Chris November 1, 2007 to January March 6, 2008 1,773
Burke 31, 2008
Simon November 1, 2007 to January March 6, 2008 997
Gibson 31, 2008
As a result of these transactions the Directors interests are as follows as of
March 6, 2008:
Director Number of Common Number of shares Number of
Shares held held as a percentage options held
of the current
issued share capital
Ian McLaren 33,545 0.195 per cent 11,600
Alan Horn 11,844 0.069 per cent 4,000
Chris Burke 9,520 0.055 per cent 7,250
Simon Gibson 2,658 0.015 per cent 7,333
Application has been made to AIM for the listing of the 5,317 Common Shares and
admission is expected to occur on 14 March 2007. The Common Shares will be
issued fully paid and will rank pari passu in all respects with the existing
issued Common Shares of the Company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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