Released: 17/10/2008
com:20081017:RnsQ0710G
.
RNS Number : 0710G
Spiritel PLC
17 October 2008
17 October 2008
SPIRITEL PLC
("Spiritel" or "the Company")
Issue of Equity and Director/PDMR Shareholdings
The Board of SpiriTel (AIM: STP), the business communications service provider,
is pleased to announce that the Company yesterday raised £370,000 through a
subscription for 37,000,000 new Ordinary Shares of 1 pence each ("Ordinary
Shares") at a subscription price of 1 pence per share. The purpose of the share
placing is to support the Company's acquisition programme.
The following Directors/PDMRs subscribed for new Ordinary Shares and their
resultant beneficial interests are as follows:
Name Number of Ordinary Shares subscribed Subscription price per Share Resultant Holding in Ordinary Shares Resultant Holding as a % of Issued Share Capital
Lord St John of Bletso, 1,000,000 1p 1,823,333 0.31
Non-Executive Chairman
5,000,000 1p 5,625,000 0.95
David Anahory
Managing Director, Spiritel Business
500,000 1p 500,000 0.08
Steven Maine
Non-Executive Deputy Chairman
500,000 1p 500,000 0.08
Andrew Booth
Company Secretary
Application has been made to AIM and admission is expected to take place on 22
October 2008. The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares of the Company. The total number of Ordinary Shares in issue
following the placing will be 590,639,692. There are no Ordinary Shares held in
treasury and therefore the total number of Ordinary Shares with voting rights in
the Company is 590,639,692.
The above figure of 590,639,692 Ordinary Shares 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 FSA's Disclosure and Transparency Rules.
For further information please visit www.spiritelplc.com or contact:
SpiriTel plc Daniel Stewart & Company plc Tavistock Communications
Alastair Mills Simon Leathers Simon Hudson
Chief Executive Tessa Smith Clemmie Carr
Tel: +44 20 7160 0100 Tel: +44 20 7776 6550 Tel: 020 7920 3150
Notes to Editors
SpiriTel is a fully integrated business communications group which enables its
customers to take advantage of the opportunities created by rapidly changing
telecoms markets as the migration to Internet Protocol (IP) based services
accelerates. The Group is a consolidator of the highly fragmented UK telecoms
reseller market and is building a substantial customer base and scale through
selective acquisitions. We are organised into two divisions, SpiriTel
Technologies - focused on IP networking and wholesale voice services - and
SpiriTel Business, which provides a full range of voice and data services
directly to our Business customers.
SpiriTel offers fixed and mobile voice and data communications solutions
including Voice over IP (VoIP), data networking, telephone systems and ISP
services to a rapidly expanding customer base. We are a leader in the provision
of new, but proven, VoIP solutions that are firmly based on the old-fashioned
service values which run throughout the Group.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUNAKRWKRRAAA