15 Aug 2008 10:49
Issue of Equity
The Board of Nasstar Plc ("Nasstar" or "the Company", AIM: NASA) confirms today that they have approved the issue of new Ordinary Shares in the Company of 1p, following the exercise of options as follows (the 'Options'):
| Number of Options Exercised | Exercise Price | |
| Peter Daresbury | 105,000 | 12p |
| Damion Greef | 95,000 | 12p |
| Richard Malkin | 70,000 | 12p |
The new Ordinary Shares will on their issue rank pari passu with the existing Ordinary Shares in issue and an application has been made for the admission of these shares to trading on AIM ("Admission") with admission expected to occur on 21 August 2008.
Following Admisson, Lord Daresbury will have an interest in 3,201,062 Ordinary Shares, representing 19.9% of the Company's issued share capital. Of these 763,205 Ordinary Shares are held personally, 1,276,190 Ordinary Shares are held by Nortrust Nominees Limited, and 1,161,667 Ordinary Shares are held by Savernake Holdings (D) Limited.
Following Admisson, Damion Greef will have an interest in 907,881 Ordinary Shares, representing 5.6% of the Company's issued share capital.
Following the issue of these Ordinary Shares, which will happen conditionally on Admission, the Company will have 16,096,556 ordinary shares in issue.
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.
For further information, please contact:
| Nasstar Plc Charles Black, Chief Executive | 0870 240 1634 |
| Ambrian Partners Limited Tim Goodman | 0207 634 4700 |