Issue of Equity
11 March 2008 - 6:00PM
UK Regulatory
Maypole Group plc
('Maypole' or 'the Group')
Issue of Equity
11 March 2008
Following receipt of Letters of Application to subscribe for cash at 1.0p per
share in respect of new ordinary shares of par value 0.3p each, Maypole has
allotted and issued 12,150,000 new ordinary shares (`New Ordinary Shares') in
the Company (the 'Allotment'), as follows:
Applicant/Allottee Amount Due No. of Ordinary
Shares of 0.3p
Alastair McEwen �5,000 500,000
Nicholas McEwen �5,000 500,000
Tristan McEwen �1,500 150,000
Mr N J Berger �25,000 2,500,000
Alliance Trust �25,000 2,500,000
Pensions Limited
- Mr S L Altman1
Trustees of the
Regents Park �60,000 6,000,000
Estates Pension
Scheme2
TOTAL �121,500 12,150,000
Note 1: Mr Altman is a director of New World Corporate Finance, a Company of
which Mr N J Berger (a director of the Company) is also a director.
Note 2: These shares are held jointly by Simon Bentley, the Chairman of the
Company, and his wife Esther Bentley who are trustees of the Regents Park
Estates Pension Scheme of which Simon Bentley is the sole beneficiary.
The total number of ordinary shares in issue in the Company following the
Allotment will be 161,569,058. Application has been made for the New Ordinary
Shares to be admitted to trading on AIM on 14 March 2008.
Repayment of Loan Notes
The Company also hereby announces that it has repaid �60,000 of the 15%
unsecured subordinated loan notes issued, and announced, by the Company on 25
January 2007. This �60,000 repayment has been made to Regents Park Estates
Pension Scheme - a pension scheme of which Simon Bentley, the Chairman of the
Company, is the sole beneficiary. The verbal consent of the Company's bankers
has been obtained to effect this repayment and consequential amendments will be
made to certain of the finance and loan note documentation.
Significant Shareholdings
Following the Allotment of the New Ordinary Shares, the following persons (other
than the directors) continue to have an interest in Maypole of over 3%:
Shareholder Shareholding % issued Shareholding % issued
Before share capital after share capital
Allotment before Allotment after
Allotment Allotment
Regents Park
Estates
Limited3 15,000,000 10.03% 15,000,000 9.28%
Trustees of
the
Regents Park 4,767,857 3.19% 10,767,857 6.66%
Estates
Pension
Scheme4
CNT 10,000,000 6.69% 10,000,000 6.19%
Nominees
Limited5
William 7,500,000 5.02% 7,500,000 4.64%
Winall
Warm Welcome 6,250,000 4.18% 6,250,000 3.87%
Management
Limited
Alliance 3,500,000 2.34% 6,000,000 3.71%
Trust Pensions
Limited
- Mr S L Altman
Malcolm 5,882,352 3.94% 5,882,352 3.64%
Dalgleish
Note 3: Regents Park Estates Limited provides the services of Simon Bentley as
non-executive Chairman to the Company. The shares in this company are held on
trust for Simon Bentley by his son, Joshua Bentley.
Note 4: See note 2 above.
Note 5: Maypole understands that CNT Nominees Limited is a nominee for Edinburgh
Holdings which is a Cayman company ultimately controlled by Tom Keller and David
Wilkinson.
Directors' Interests in Shares
The Allotment has resulted in the following changes in the Directors' beneficial
shareholdings:
Director Shareholding % of Shareholding % of
before issued after issued
Allotment share Allotment share
capital capital
prior to after
Allotment Allotment
Simon 41,767,857 27.95% 47,767,857 29.56%
Bentley6
Alastair 13,253,571 8.87% 13,753,571 8.51%
McEwen
Charles 7,102,941 4.75% 7,102,941 4.40%
Coker
Nigel 3,500,000 2.34% 6,000,000 3.71%
Berger
Mike 1,159,428 0.78% 1,159,428 0.72%
Butcher
Tristan 500,000 0.33% 650,000 0.40%
McEwen
Note 6: Simon Bentley's holding is constituted by 22,000,000 held in his own
name, 15,000,000 held in the name of Regents Park Estates Limited (10,000,000 of
which are held on trust for the Regents Park Estates Pension Scheme) and
10,767,857 ordinary shares held by the trustees of the Regents Park Estates
Pension Scheme.
Contacts
Maypole Group plc 020 7440 7021
Simon Bentley - Chairman
Blomfield Corporate Finance 020 7512 0191
Alan MacKenzie
Weber Shandwick Financial 0207 067 0700
Nick Dibden / James White
Maypole Group (LSE:MPG)
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