Telford Homes PLC TEF Issue of Equity

  Telford Homes PLC (TEF) - Issue of Equity

RNS Number : 1540R
Telford Homes PLC
14 November 2012
 



 

 

                              Telford Homes Plc

                      ("Telford Homes" or the "Company")

                                       

                               Issue of Equity

 

The Company announces that it has, today, made application to the London Stock
Exchange for the admission to trading on AIM of 400,000 new Ordinary Shares of
10p each ("New Shares").

 

Of the shares being issued 99,000 New Shares are being issued to employees  at 
a price of 64p per  share to satisfy options  exercised by employees prior  to 
the establishment  of the  Telford Homes  Employee Benefit  Trust ("EBT").  No 
directors or applicable employees were involved in these option exercises.

 

The remaining 301,000 New Shares are being issued at a price of 64p per  share 
to Telford Homes Trustee No2 Limited (the "Trustee") following receipt by  the 
Company of a subscription letter for this amount. These shares will be held by
the Trustee under the terms of the EBT in order to satisfy future requirements
of the Company Share  Option Scheme.  Directors and  the applicable  employees 
have an interest in such shares only on the basis that they are  discretionary 
beneficiaries of the EBT.

 

The New Shares are expected to be  admitted to trading on AIM on Wednesday  21 
November 2012

 

Following this admission the Company's  share capital and Total Voting  Rights 
comprises 50,000,000 Ordinary Shares of 10p and the Company does not hold  any 
shares in treasury. Consequently, 50,000,000 is  the figure which may be  used 
by shareholders as  the denominator  for the  calculation by  which they  will 
determine if they are  required to notify  their interest in,  or a change  to 
their interest in, Telford Homes  under the FSA's Disclosure and  Transparency 
Rules.

 

Enquiries:

 

Telford Homes Plc

Jon Di-Stefano / Katie Rogers                         01992 809800

 

Shore Capital

Pascal Keane / Patrick Castle                          020 7408 4090

 

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
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IOEBKQDQABDDADD -0- Nov/14/2012 17:00 GMT