Utilitywise plc Issue of Equity and Directors' Dealings (0132U)
27 November 2013 - 6:00PM
UK Regulatory
TIDMUTW
RNS Number : 0132U
Utilitywise plc
27 November 2013
Utilitywise plc
("Utilitywise" or the "Company")
Issue of Equity and Directors' Dealings
Utilitywise, a leading independent utility cost management
consultancy, announces that it has allotted 166,666 ordinary shares
of 0.1 pence each in the capital of the Company ("Ordinary Shares")
to Hub Capital Partners Limited ("Hub Capital") pursuant to the
exercise of warrants over such shares (the "Warrant Shares").
Furthermore, on 26 November 2013, Hub Capital sold 166,666
Ordinary Shares at a price of GBP2.12 per Ordinary Share. On the
same day, Jeremy Middleton, Non Executive Director of the Company,
purchased 119,050 Ordinary Shares at a price of GBP2.12 per
Ordinary Share.
Following the above exercise and subsequent sale, Hub Capital
holds no Ordinary Shares. Richard Feigen, Chairman of Utilitywise,
is a director and shareholder of Hub Capital; his personal
shareholding remains at 66,667 Ordinary Shares, representing 0.09
per cent. of the share capital of Utilitywise, as enlarged by the
Warrant Shares. Jeremy Middleton is now interested in 475,110
Ordinary Shares, representing 0.66 per cent. of the share capital
of Utilitywise, as enlarged by the Warrant Shares.
Application has been made for the Warrant Shares to be admitted
to trading on the AIM Market of the London Stock Exchange
("Admission") and it is expected that Admission will occur and
dealings in the Warrant Shares will commence on 2 December 2013.
The Warrant Shares will rank pari passu with the existing Ordinary
Shares currently in issue.
Following Admission, there will be 72,444,700 Ordinary Shares in
issue. There are no Ordinary Shares held in treasury and so the
total number of voting rights in the Company will be
72,444,700.
The above figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, the Company under the Financial Conduct Authority's Disclosure
and Transparency Rules.
For further information:
Utilitywise PLC 0870 626 0559
Geoff Thompson, CEO
Adam Thompson, COO
Andrew Richardson, CFO
finnCap (NOMAD and broker) 0207 220 0500
Matt Goode / Charlotte Stranner / Henrik Persson
(Corporate Finance)
Simon Johnson (Corporate Broking)
Newgate Threadneedle 020 7653 9850
Josh Royston / John Coles / Hilary Millar
This information is provided by RNS
The company news service from the London Stock Exchange
END
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