Business
Issue of Equity/Directors Sha
Issue of Equity/Directors Sha.
About this update from Caledonian Holdings Plc.
[{"type":"text","content":"\n RNS Number : 8506Y Asia Digital Holdings PLC 04 January 2011 \n \n\n\n\n\n\n4 January 2011\n\n\n\n\n \n \n \nAsia Digital Holdings Plc\n(\"ADH\" or the \"Company\")\n \nIssue of Equity / Directors Shareholdings\n \nAsia Digital Holdings plc (AIM: ADH.L), an independent online marketing group, today announces that each of the Directors of the Company have on 29 December 2010 received part of their salaries in equity for the financial years ending 31 December 2011 and 31 December 2012 resulting in the issue of 59,162,200 new ordinary shares. \n \nThe shares have been issued at a price of 0.5p per share, a 92% premium to the closing mid-price on 28 December 2010 of 0.26p and the same price as the last issue of equity to investors in October 2009. Each Director has committed to sign a 2 year lock-in agreement on their shares received.\n \nAdrian Moss, Chief Executive has agreed to receive 40 per cent. of his salary for each of the two years in equity resulting in the issue to him of 48,000,000 new ordinary shares.\n \nDavid Lees, Non-Executive Chairman has agreed to receive 49 per cent. of his salary for each of the two years in equity resulting in the issue to him of 6,664,000 new ordinary shares.\n \nKeith Lassman, Non-Executive Director, has agreed to receive 49 per cent. of his salary for each of the two years in equity resulting in the issue of 4,498,200 new ordinary shares.\n \nThe above issue of equity will save the Company £295,811 in basic salary costs over the coming two years.\n \nFollowing the issue of the 59,162,200 new ordinary shares the total number of ordinary shares of 0.1p each in issue is now 767,930,884 and the Directors resultant shareholdings in the enlarged equity of the Company are as follows:\n \nDirector Number of shares \nAdrian Moss 99,510,053 12.96 per cent\nDavid Lees 12,175,456 1.59 per cent\nKeith Lassman &nb...