5 Jul 2012 17:18
For immediate release: 5 July 2012
Top Level Domain Holdings Limited
("TLDH", the "Company" or the "Group")
Directors Dealing
On 21 June 2012 the Company announced that certain of the Directors intended to exercise in aggregate 34,165,680 warrants which would otherwise expire on 31 July 2012. In addition, Mike Mendelson intended to exercise 300,000 options. The Directors have exercised the following warrants and options:
Director | Number of warrants or options exercised | Exercise price (p) | TLDH ordinary shares following exercise | Interest in TLDH ordinary shares following exercise |
Fred Krueger | 25,054,280 | 4p | 106,957,840 | 21.0% |
David Weill (note 1) | 4,000,000 | 4p | 12,500,000 | 2.4% |
Guy Elliott (note 2) | 4,500,000 | 4p | 30,500,000 | 6.0% |
Mike Mendelson | 300,000 | 4p | 1,300,000 | 0.3% |
Clark Landry | 611,400 | 4p | 12,569,200 | 2.5% |
Notes:
1. David Weill's current and enlarged shareholding is held through Bellone Investments Services Corp
2. Of Guy Elliott's new shares, 500,000 have been issued to the Elliott Family Irrevocable Trust
In aggregate the total proceeds to the Company amount to £1,378,680. The Directors have confirmed to the Company that they have no current intention to dispose of any of the ordinary shares issued to them on exercise of the relevant warrants or options.
The new TLDH ordinary shares will rank pari passu with the existing TLDH ordinary shares. Application will be made for the new TLDH ordinary shares to be admitted to trading on AIM, which is expected to occur on or about 12 July 2012.
Following the exercise of warrants, the Company's issued share capital consists of [510,408,246] ordinary shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.
For further information, please contact:
Top Level Domain Holdings Limited
North America
Antony Van Couvering Tel: +1 917 406 7126
Beaumont Cornish Limited (Nomad) Tel +44 (0) 20 7628 3396
Roland Cornish
Michael Cornish
XCAP Securities plc (Joint Broker) Tel: +44 (0) 20 3216 2661/2667
Karen Kelly
Halimah Hussain
Daniel Stewart & Company plc (Joint Broker) Tel: +44 (0) 20 7776 6550
Martin Lampshire
gth media relations
Toby Hall /Suzanne Johnson Walsh Tel: +44 (0) 20 3103 3903/2
Or visit the group's website at www.tldh.org
ENDS
MMX.L (MMX)