Business
Directors' Dealings
Directors' Dealings.
About this update from Volvere Plc
[{"type":"text","content":"\n \nRNS Number : 3433F Volvere PLC 21 April 2011 \n \n\n21 April 2011\n \nVolvere plc (\"Volvere\" or the \"Company\")\n \nDirectors' Dealings\n \nVolvere announces that, further to notices received from Neil Ashley, Non-executive director and The Ashley Grandchildren's 2003 Settlement (of which Neil Ashley is a trustee) on 18 April 2011 and notice received from Lord Kalms, Chairman on 19 April 2011, it has allotted 86,102 new ordinary shares of GBP0.0000001 each (\"Shares\") arising upon the conversion of 7,983 A shares of GBP0.49999995 each and 7,983 B shares of GBP0.49999995 each (the \"Conversion\"), as follows:\n \n\n\n\n\n\n\n\nConverted\n\n\n\n\n\n\n\nDirector\n\n\nA Shares\n\n\nB Shares\n\n\nResultant interest in Volvere Shares\n\n\n\n\nNeil Ashley*\n\n\n4,758\n\n\n4,758\n\n\n 556,251 Shares\n\n\n9.45%\n\n\n\n\nLord Kalms\n\n\n3,225\n\n\n3,225\n\n\n 631,297 Shares\n\n\n10.73%\n\n\n\n\n \n*includes 1,250 A Shares and 1,250 B Shares held by The Ashley Grandchildren's 2003 Settlement, whose resultant holding is now 163,422 Shares.\n \nThis Conversion represents the entire holding of A shares and B shares of Neil Ashley, The Ashley Grandchildren's 2003 Settlement and Lord Kalms.\n \nApplication will be made for admission of the new ordinary shares to trading on AIM (\"Admission\"). Admission is expected to take place on 28 April 2011.\n \nFollowing the above Conversion, the number of Shares in issue (excluding treasury shares), and the figure to be used as the denominator for calculations of interests in the Company's total voting rights, is 5,883,032 Shares. The Company also has in issue 455 A shares of GBP0.49999995 each, 455 B shares of GBP0.49999995 each and 4,954,494,576,308 Deferred shares, none of which are admitted to trading on AIM.\n \nFor further information contact:\n \nVolvere plc 020 7634 9707\nJonathan Lander, CEO\nNick Lander, COO\n \nArbuthnot Securities ...