Tower Gate Capital Limited
LSE : TGCP

October 08, 2008 08:37 ET

Issue of Equity

8 October 2008
                                                 
                                    TOWER GATE CAPITAL LIMITED
                                                 
                          Issue of New Ordinary Shares and Share Transfer
                                                 

The  Directors of Tower Gate Capital Limited ("TGC" or "the Company") are pleased to announce that
the  Company has issued 476,354 new ordinary shares in the Company at 21 pence per share,  raising
£100,000.

The  Company's total issued share capital following this fundraising is 22,893,387 Ordinary Shares
of 0.5 pence each.

In  addition, on 20 September 2008 the Company received notification that on the same date Matthew
Hudson, Director sold 90,000 Ordinary Shares in the Company for a price of 21 pence per share.

Of these shares 30,000 were acquired by Michael Wright, Director.

Following  the  above  transactions, Matthew Hudson's total shareholding  is  20,108,134  Ordinary
Shares  in  the  Company  (87.83%  of the total issued share capital),  which  includes  1,500,000
Ordinary  Shares Company held by his wife (6.55% of the total issued share capital),  and  Michael
Wright's  total shareholding is 85,000 Ordinary Shares in the Company (0.37% of the  total  issued
share capital).

Total  Directors'  shareholdings following the fundraising are 20,571,148  (89.86%  of  the  total
issued share capital). The Directors' shareholdings represent legal and beneficial holdings.



The directors of Tower Gate Capital Limited accept responsibility for this announcement.

                                             - ends -

CONTACT DETAILS:

Tower Gate Capital Limited:       Michael Wright   Tel: 020 7754 0400

Fisher Corporate Plc:             Carolyn Hazard   Tel: 0207 388 7000


Contact Information

  • Tower Gate Capital Limited