18 Feb 2009 11:28
WEDNESDAY 18 FEBRUARY 2009
Numis Corporation Plc ("Numis")
Director's Dealing - Change in Substantial Shareholding
The Board of Numis today received notification from IPGL Limited ("IPGL") and its wholly owned subsidiary, Incap Finance B.V. ("Incap"), pursuant to AIM Rule 17 and the Disclosure Rules and Transparency Rules ("DTR"), that in aggregate they have sold their entire holding of 13,102,934 (12.18%) Numis shares at a price of £1.20 per ordinary share. The shares have been placed with a number of institutional investors. Michael Spencer retains 20,000 (0.02%) Numis shares held in his personal capacity.
Michael Spencer has also announced his intention to step down from Numis' Board to focus on his other business interests. Michael will remain as Chairman whilst a search for his successor is conducted, in order to ensure an orderly transition.
Michael Spencer is the Chairman of IPGL Limited ("IPGL"). Michael Spencer, together with his wife and Children's Trusts, own approximately 55.1 per cent. of IPGL's issued share capital.
Michael Spencer's interest in Numis following the disposal of shares is: -
| Name | No of shares sold | % of shares in issue | Total shares now held | % of shares in issue |
| Michael Spencer | 13,102,934 | 12.18% | 20,000 | 0.02% |
Michael Spencer commented, "It has been amazing to be part of Numis over the last five years, helping it grow from a firm with 62 people and 40 corporate clients to one of the leading independent investment banking and institutional stockbroking businesses that it is today. I wish the firm continued success in the future".
Oliver Hemsley, Chief Executive, said, "We have been incredibly fortunate to have someone of Michael's stature and calibre to help guide the management team in developing the business and getting it into the right shape to serve the needs of our growing client base. He will be missed, but will remain a close friend of the firm".
The total number of Numis shares in issue is currently 107,555,594. Following the listing of shares on 19 February, the total number of shares in issue will be 108,199,112, as announced on 28 January 2009. Each ordinary share will carry the right to one vote. There are no shares held in treasury.
The total number of voting rights in Numis will therefore be 108,199,112.
18 February 2009
END
Contacts
Numis Corporation:
Oliver Hemsley, Chief Executive 020 7260 1256 Simon Denyer, Company Secretary 020 7260 1225
Brunswick:
Gill Ackers 020 7396 5382
PricewaterhouseCoopers LLP (Nominated Adviser):
Simon Boadle 020 7583 5000
Jon Raggett 020 7583 5000