Prezzo Plc (the "Company")
Additional Listing and Director's Dealing
The Company announces that following the exercise of options over ordinary shares in the Company of 5 pence each ("Ordinary Shares") by certain employees on 25 April 2012, the Company has applied for 625,385 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence in these Ordinary Shares at 8.00 a.m. on 2 May 2012. Following Admission, the total issued share capital of the Company will be 228,450,614 Ordinary Shares.
Of the options exercised Mr Kuldip Sehmi, a director of the Company, exercised share options over 115,385 ordinary shares of 5 pence each ('Ordinary Shares'). Further to this, on 25 April 2012 Mr Sehmi sold these Ordinary Shares at a price of £0.65 per share. Following this sale, Mr Sehmi retains options over 2,434,615 Ordinary Shares. Mr Sehmi retains the same beneficial interests in the share capital of the Company with 182,244 Ordinary Shares, representing 0.1 per cent of the Company.
In addition Mr Michael Carlton, a director of the Company, also exercised share options over 100,000 Ordinary Shares of 5 pence each ('Ordinary Shares'). Further to this, on 25 April 2012 Mr Carlton has sold these Ordinary Shares at a price of £0.65 per share. Following this sale, Mr Carlton no longer retains any options over Ordinary Shares. Mr Carlton retains the same beneficial interests in the share capital of the Company with 940,000 Ordinary Shares, representing 0.4 per cent of the Company.
26 April 2012
Alan Millar, Finance Director Tel: +44(0) 20 8505 4782
Cenkos Securities plc
Bobbie Hilliam Tel: +44(0) 20 7397 8900
This information is provided by RNS