Business
Subscription to raise ?404,000
Subscription to raise ?404,000.
About this update from Rtc Group Plc
[{"type":"text","content":"\n \nRNS Number : 7139F RTC Group PLC 03 May 2011 \n \n\nRTC Group plc (the \"Company\")\n \nSubscription to raise £404,000\n \n \nThe Company is pleased to announce that it has raised £404,000 through a subscription of 4,489,062 ordinary shares of 1p each (\"New Shares\") at a price of 9p per New Share (the \"Subscription\"). The Company intends to use the net proceeds of the Subscription for working capital and general corporate purposes and in accordance with its business strategy.\n \nCertain Directors and senior management of the Company have subscribed for New Shares under the Subscription and the resultant holdings of the Directors are set out below. In addition, John T White has subscribed for 2,000,000 New Shares under the Subscription and will hold 14.80 per cent of the enlarged issued share capital following the Subscription. \n \n\n\n\n\nName\n\n\nNew Shares subscribed for under the Subscription\n\n\nShares held following the Subscription\n\n\n% of enlarged issued share capital following the Subscription\n\n\n\n\nDirector\n\n\n\n\n\n\n\n\n\n\n\n\n\nBill Douie\n \n\n\n689,092\n\n\n2,074,698\n\n\n15.35\n\n\n\n\nAndrew Pendlebury\n \n\n\n500,000\n\n\n1,115,175\n\n\n8.25\n\n\n\n\nSenior Managers\n\n\n \n\n\n \n\n\n \n\n\n\n\nAndrew Bailey\n\n\n333,330\n\n\n589,388\n\n\n4.36\n\n\n\n\nGary Hewett\n\n\n333,330\n\n\n498,130\n\n\n3.69\n\n\n\n\nBryn Clarke\n\n\n111,110\n\n\n111,110\n\n\n0.82\n\n\n\n\nMichael Ebbitt\n\n\n111,110\n\n\n111,110\n\n\n0.83\n\n\n\n\nScott Bulloch\n\n\n111,110\n\n\n111,887\n\n\n0.83\n\n\n\n\nLisa Bacon\n\n\n33,330\n\n\n33,330\n\n\n0.25\n\n\n\n\nEmployees\n\n\n \n\n\n \n\n\n \n\n\n\n\nChris O'Connor\n\n\n55,550\n\n\n55,550\n\n\n0.41\n\n\n\n\nChristian Addison\n\n\n11,110\n\n\n11,110\n\n\n0.08\n\n\n\n\nElizabeth Trimmings\n\n\n55,550\n\n\n59,195\n\n\n0.44\n\n\n\n\nMark Lamb\n\n\n111,110\n\n\n111,110\n\n\n0.82\n\n\n\n\nPaul Dickens\n\n\n22,220\n\n\n22,220\n\n\n0.16\n\n\n\n\nSteve Harrhy\n\n\n11,110\n\n\n11,110\n\n\n0.08\n\n\n\n\nNo Previous Involvement\n\n\n \n\n\n \n\n\n \n\n\n\n\nJohn T White\n\n\n2,000,000\n\n\n2,000,000\n\n\n14.80\n\n\n\n\n \nThe Subscription of New Shares by the Directors and senior management is considered a related party transaction under the AIM Rules. Both Directors of the Compan...