Nasstar Announcements

Issue of Equity

01 August 2008 07:00:05



RNS Number : 3876A Nasstar PLC 01 August 2008  
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Issue of Equity
 
Nasstar Plc ("Nasstar" or "the Company", AIM: NASA) announces that it has placed 1,150,000 new Ordinary Shares of 1p each at 30p per share (the 'Placing Shares') with investors, raising £345,000 in aggregate. The placing price per share is at a premium of 0.5p to the mid-market price of an ordinary share of 1p each in Nasstar of 30p per share as at the time of this announcement.

The Placing Shares will on their issue rank pari passu with the existing Ordinary Shares in issue and an application has been made for the admission of these shares to trading on AIM ("Admission") with admission expected to occur on 5 August 2008.

Of these 500,000 Ordinary Shares has been allotted to Lord Daresbury, Chairman of Nasstar; 333,333 Ordinary Shares has been allotted to Nortrust Nominees Limited (on behalf of Lord Daresbury); and 33,333 Ordinary Shares has been allotted to Ric Francis, a non-executive director of Nasstar. 

Following the placing, Lord Daresbury has an interest in 3,096,062 Ordinary Shares, representing 19.6% of the Company's issued share capital. Of these 658,205 Ordinary Shares are held personally, 1,276,190 Ordinary Shares are held by Nortrust Nominees Limited, and 1,161,667 Ordinary Shares are held by Savernake Holdings (D) Limited.  

Following the placing, Ric Francis has an interest in 457,360 Ordinary Shares, representing 2.9% of the Company's issued share capital.

Following the issue of these Ordinary Shares, which will happen conditionally on Admission, the Company will have 15,826,556 ordinary shares in issue.

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.

For further information, please contact:

Nasstar Plc             
Charles Black, Chief Executive

0870 240 1634
Ambrian Partners Limited
Tim Goodman
0207 634 4700

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