RNS Number : 5274U
Empresaria Group PLC
25 June 2009
25th June 2009
Empresaria Group plc ("Empresaria" or the "Group")
Acquisition of minority stake and issue of equity
The Company announces that application has been made to the London Stock
Exchange plc for the admission to trading on AIM of 251,516 new Ordinary Shares
of 5p each fully paid, ranking pari passu with the existing ordinary shares
("Ordinary Shares") and dealings are expected to commence on or around 01 July
These new Ordinary Shares have been allotted as consideration relating to the
acquisition of the remaining 25% of Lumley Employment Company Limited ("Lumley")
which the Company did not already own. The acquisition of the original 75% stake
in Lumley previously was announced on 8 April 2008.
The consideration payments are made pursuant to original share purchase
agreements between Empresaria and the minority shareholders of Lumley.
After the acquisition of the minority shareholding, Empresaria will own 100 per
cent. of Lumley.
For the purposes of the Financial Services Authority's Disclosure and
Transparency Rules, following the admission of the shares described above, the
total number of ordinary shares of 5p each in the Company will be 44,528,237.
There are no shares held in treasury and therefore the total number of voting
rights in the Company will be 44,528,237.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company, under the Disclosure
and Transparency Rules.
For further information contact:
Chief Executive, Empresaria Group plc 01293 649 900
Finance Director, Empresaria Group plc 01293 649 900
Singer Capital Markets Limited 020 3205 7620
This information is provided by RNS
The company news service from the London Stock Exchange