Issue of Equity

About this update from Secure Property Development & Investment Plc

[{"type":"text","content":"\n \nRNS Number : 1581L SPDI Secure Property Dev&Inv PLC 02 July 2014  \n \n\n2 July 2014\nSECURE PROPERTY DEVELOPMENT & INVESTMENT\n(\"SPDI\" or \"the Company\")\nIssue of Equity\nSECURE PROPERTY DEVELOPMENT & INVESTMENT PLC (AIM: SPDI), today announces that each of the non-executive directors of the Company (the \"Directors\") will be issued with new ordinary shares at a deemed share price of £0.74 in the capital of the Company as consideration in lieu of outstanding directors' fees and expenses equal to £86,375 in aggregate.\nThe Company also announces that following the approval at the Annual General Meeting of the issue of a number of ordinary shares of euro 0.01 each  to its existing Directors, Managers, Employees and Advisors in order to reward them for their continued commitment to the Company and their dedication and hard work in assisting the Company's turnaround since August 2011 and in working towards achieving its investment strategies and goals as set out in the Directors' Report submitted to the shareholders of the Company at their Annual General Meeting.\nPursuant to the above the Company will issue in aggregate 616,726 new ordinary shares, of which Non Executive Directors will receive 416,726 shares, Lambros Anagnostopoulos, CEO and Executive Director of the Company, will receive 80,000 shares, Constantinos Bitros, CFO of the Company, will receive 50,000 shares and  Employees and Advisors will receive 70,000 shares, to be divided amongst them as follows: \n \n\n\n\n\n\n\n\nShares\n\n\n\n\nAntonios Achilleoudis \n\n\n52,503\n\n\n\n\nLambros Anagnostopoulos\n\n\n80,000\n\n\n\n\nIan Domaille\n\n\n38,412\n\n\n\n\nPaul Ensor\n\n\n102,114\n\n\n\n\nFranz Hoerhager\n\n\n87,614\n\n\n\n\nAntonios Kaffas\n\n\n35,541\n\n\n\n\nAlvaro Portela\n\n\n33,514\n\n\n\n\nRobert Sinclair\n\n\n33,514\n\n\n\n\nHarin Thaker \n\n\n33,514\n\n\n\n\nBitros Constantinos\n\n\n50,000\n\n\n\n\nEmployees & Advisors\n\n\n70,000\n\n\n\n\n \nThe new ordinary shares will be credited as fully paid and will rank pari passu with the existing ordinary shares, including the right to receive all dividends and other distributions declared in respect of such shares after the date of their issue. \nApproval for the issue of the new ordinary shares on a non-pre-emptive basis was obtained at the Annual General Meeting of...

More updates from Secure Property Development & Investment Plc