REG-Savile Holdings Plc: Issue of Equity / directors dealing
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Savile Holdings Plc (the "Company" or "Savile")
Issue of equity / directors dealing
Issue of equity
The board announces that today the Company has raised £151,000 through the
placing of 1,372,727 new ordinary shares in the Company at a price of 11 pence
per share. Certain of the directors of the Company have participated in the
placing, further details of their participation are set out below.
The proceeds of the placing will be used to provide the Company with additional
working capital.
Application for the new ordinary shares to be traded on AIM has been made to
the London Stock Exchange, trading in the new ordinary shares is expected to
commence on or around 21 January 2008.
Following the issue of equity above the share capital of the Company comprises
of 11,172,901 ordinary shares of 3 pence each.
Directors dealing
The directors set out below have participated in the placing:-
Director Number of Number of shares Percentage of
shares held subsequent issued share
subscribed for to placing capital
in placing
Kenneth Brotherston 90,909 319,480 2.9%
Michael Moran 181,818 564,389 5.1%
Peter Evans 250,000 1,337,776 12.0%
Peter Conroy 550,000* 1,637,776 14.7%
*acquired through Bee Securities, an entity in which Mr Conroy has a 100 per
cent interest.
End.
Enquiries:
Savile Holdings plc
Jonathan Cohen
Chairman
Tel: 020 7816 0707
Nominated Adviser to Fairplace
City Financial Associates Limited
Tony Rawlinson
Tel: 020 7492 4777
END
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