Issue of Equity and Directors Shareholdings (6905P)
06 October 2011 - 9:04PM
UK Regulatory
TIDMPKP
RNS Number : 6905P
Photon Kathaas Productions Ltd
06 October 2011
Photon Kathaas Productions Limited
Issue of Equity and Directors Shareholdings
Photon Kathaas Productions Limited (AIM:PKP.L, "Photon Kathaas",
"the Company") announces that pursuant to the Company's listing
arrangements and as stated in the Admission Document dated 3
November 2010 a further total of 34,182 new Ordinary Shares were
issued to Michael Rosenberg, Non-executive Chairman, and Nathalie
Schwarz, Non-executive Director. In accordance with the terms of
their service contracts Michael Rosenberg and Nathalie Schwarz have
agreed to take new Ordinary Shares in the Company in lieu of cash
against Director's fees payable to them, as set out in the
Admission Document. These Ordinary Shares have been allotted to
them at an issue price of US$0.49 per share.
Following the above issue of shares, Michael Rosenberg is now
interested in a total of 106,412 Ordinary Shares in the Company,
representing approximately 0.50% of the enlarged issued share
capital of the Company.
Following the above issue of shares, Nathalie Schwarz is now
interested in a total of 27,193 Ordinary Shares in the Company,
representing approximately 0.13% of the enlarged issued share
capital of the Company.
Application is being made for the 34,182 new Ordinary Shares to
be admitted to trading on AIM and dealings are expected to commence
on 13 October 2011.
Following the issue of these shares, the Company has a total of
21,445,309 Ordinary Shares in issue. The total number of voting
rights in the Company is therefore 21,445,309.
Enquires
Photon Kathaas
Venkat Somasundaram, Chief Executive +65 6224 4991
Reshma Ghatala, Head of Marketing +91 44 2820 2988
Michael Rosenberg, Non-executive
Chairman 020 7938 4026
Seymour Pierce Limited 020 7107 8000
Nandita Sahgal/Tom Sheldon (Corporate
Finance)
Leti McManus (Corporate Broking)
Rivington Street Corporate Finance
Jon Levinson 020 7562 3357
Dru Edmonstone 020 7562 3384
College Hill
Adrian Duffield/Jon Davies 020 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
END
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