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Brainspark plc
("Brainspark" or the "Company")
Conversion of Loan Stock
Further to the announcements made on 2 and 23 December 2005, Company has issued
and allotted a total of 138,423,912 new ordinary shares of 0.01p each ("new
ordinary shares") pursuant to exercise notices received in respect of the
£850,000 convertible loan stock .
The new ordinary shares will rank, pari passu, with the existing shares in issue
and application will be made for the new ordinary shares to be admitted to
trading on AIM. However, as announced on 2 December 2005, the new ordinary
shares are subject to twelve month "lock in" arrangements.
The total number of ordinary shares in issue is now 330,697,003.
As a result, the following changes have occurred to the Directors' holdings:
|
New ordinary
shares issued |
Total holding
following
conversions |
% of enlarged
issued share
capital |
| Francesco Gardin, Chairman |
36,000,000 |
67,903,278 |
20.53 |
| Alfredo Villa, Director |
51,389,130 |
51,389,130 |
15.54 |
| Dennis Bailey, proposed
Director |
10,869,565 |
10,869,565 |
3.29 |
In addition, the following changes have occurred to the holders of more than 3
per cent. of the Company's issued share capital:
|
New ordinary
shares issued |
Total holding
following
conversions |
% of enlarged
issued share
capital |
| Luigi Fogliani |
29,481,304 |
29,401,304 |
8.89 |
| Cross Atlantic Partners
Technology Fund LP |
- |
33,916,050 |
10.26 |
* Mr Don Caldwell, a Director of Brainspark, is founder and Chairman of Cross
Atlantic.
ENDS
Further information
Francesco Gardin, Brainspark 020 7843 9838
Roland Cornish, Beaumont Cornish Limited 020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
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