Business
Exercise of Warrants and PDMR
Exercise of Warrants and PDMR.
About this update from Breedon Group Plc
[{"type":"text","content":"\n \nRNS Number : 8341H Breedon Aggregates Ld 03 June 2011 \n \n\n3 June 2011\n \nBreedon Aggregates Limited (the \"Company\")\n \nExercise of Warrants and PDMR\n \nThe Company announces that it has received notice to exercise warrants over 7,002,287 ordinary shares of no par value (\"Ordinary Shares\") from AIB Venture Capital Limited at an exercise price of 12 pence per Ordinary Share. Accordingly, the Company will issue, in aggregate, 7,002,287 new Ordinary Shares in settlement of this exercise (the \"Warrant Exercise\"). These warrants were issued in August 2010 as part of the reverse acquisition of Breedon Holdings Limited. \n \nAll the new Ordinary Shares have been acquired by a range of new and existing shareholders, including Directors and management of the Company. These new Ordinary Shares will rank pari passu with the existing Ordinary Shares and application has been made for the new Ordinary Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 9 June 2011. \n \nThe Company also announces that on 2 June 2011 the directors of the Company listed below acquired the number of ordinary shares of no par value each (\"Ordinary Shares\") set against their name for the consideration detailed below:\n \n \n\n\n\n\nName\n\n\nNumber of Ordinary Shares acquired\n\n\n \n \nPrice paid (per share)\n\n\nOrdinary Shares held following the transaction\n\n\nPercentage of Total Voting Rights following the transaction\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPeter Tom CBE\n\n\n1,500,000\n\n\n16.5p\n\n\n32,183,333\n\n\n5.74%\n\n\n\n\nDavid Williams\n\n\n1,000,000\n\n\n16.5p\n\n\n13,012,133\n\n\n2.32%\n\n\n\n\nDavid Warr\n\n\n1,000,000\n\n\n16.5p\n\n\n3,500,000\n\n\n0.62%\n\n\n\n\nSusie Farnon\n\n\n10,160\n\n\n16.5p\n\n\n1,000,000\n\n\n0.18%\n\n\n\n\n \n \n \nFollowing the Warrant Exercise, there will be 561,005,454 Ordinary Shares in issue. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the company. \n \n- ends -\n \nMore about Breedon Aggregates \n \nBre...