13 May 2015 15:21
Superglass Holdings PLC
("Superglass" or the "Company")
Issue of Equity
Superglass Holdings PLC, the UK's leading independent manufacturer of glass wool and mineral fibre insulation solutions, announces that it has received notification from St Vincent (Equities) Limited, a subsidiary of Clydesdale Bank Plc, of the exercise of 2,500,000 Convertible Shares, as set out in the Company's shareholder circular dated 14 October 2014. Consequently, the Company has issued 2,500,000 ordinary shares of 1 penny each ("Ordinary Shares") for nil consideration.
Application has been made to the London Stock Exchange for these Ordinary Shares, which rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM on or around 18 May 2015.
In accordance with the FCA's Disclosure and Transparency Rules, following this allotment, the Company's issued share capital consists of 155,507,577 Ordinary Shares. The Company holds 790 Ordinary Shares in treasury.
The figure of 155,506,787 Ordinary Shares should 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 FCA's Disclosure and Transparency Rules.
For further information please contact:
Superglass Holdings PLC | |
John Colley, Executive Chairman Chris Lea, Finance Director
| 01786 451 170 |
N+1 Singer | |
Sandy Fraser James White
| 0207 496 3000 |