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Issue of equity
The Company announces that following receipt of option exercise notices by Peter Vanderspuy (non-executive chairman) on 28 September 2007 and John Goodwin (non-executive director) on 30 August 2007 and the subsequent receipt of funds, the Company has today issued and allotted 300,000 and 250,000 shares ordinary shares of 0.5p each to these directors respectively. The exercise price of these options was 25p. Following the issue of these shares, the Company will have 65,442,063 ordinary shares in issue and application will be made for the shares to be admitted to trading on AIM.
Following the exercise of the above options, Peter Vanderspuy and John Goodwin will have the following interests in the Company:
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Director
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Ordinary Shares
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% of share capital
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Options
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Peter Vanderspuy
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1,500,000
Ordinary Shares
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2.29
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166,667 Options are exercisable at 35 pence with a first exercise date of 17 October 2008 and an expiry date of 17 October 2012
288,325 Options are exercisable at 25 pence with a first exercise date of 10 October 2006 and an expiry date of 10 October 2010
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John Goodwin
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250,000
Ordinary Shares
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0.38
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138,889 Options are exercisable at 35 pence with a first exercise date of 17 October 2008 and an expiry date of 17 October 2012
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For further information please contact:
Simon McDonald (Neptune MD and CEO):
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Olly Cairns (Blue Oar Securities Plc, Nomad and Broker): T: +61 (0) 8 6430 1631
Sofia Rehman (Cardew Group, PR): T: +44 (0) 20 7930 0777
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