Etaireia Investments Plc
LSE : ETIP

May 28, 2013 07:37 ET

Issue of Equity

                                                                                       28 May 2013

                                     ETAIREIA INVESTMENTS PLC
                                   ("Etaireia" or the "Company")
                                                 
                                          Issue of Equity
                                                 
Etaireia  announces  that  following receipt of a notice from Ashwillow Limited  ("Ashwillow")  to
convert  GBP 15,000  nominal of unsecured, zero coupon convertible loan notes,  the   Company  has
issued 15,000,000 ordinary shares in the Company at the conversion price of 0.1 pence per share.

The Company has been notified that Ashwillow has subsequently disposed of 10,000,000 shares to Mr.
Alan Harland.

As  a  result of this allotment and disposal, Ashwillow holds a total of 5,102,429 ordinary shares
representing 3.61% of the issued share capital of the Company.

Mr.  Alan  Harland holds a total of 10,000,000 ordinary shares representing 7.07%  of  the  issued
share capital of the Company.

In  accordance  with the FCA's Disclosure and Transparency Rules, the Board of  Etaireia  confirms
that  following the above allotment, the Company has 141,360,784 ordinary shares of 0.1p in  issue
carrying voting rights.

The above figure may be used by shareholders as the denominator for the calculations by which they
will  determine  whether  they are required to notify their interest in,  or  a  change  to  their
interest in, the Company under the FCA's Disclosure and Transparency Rules.
The Directors of the Company accept responsibility for this announcement.
                                             --ENDS--

Enquiries:

Etaireia Investments Plc
Greg Collier
Tel:  078 3018 2501

Peterhouse Corporate Finance Limited
Fungai Ndoro and Eran Zucker
Tel:  020 7469 0934



Contact Information

  • Etaireia Investments Plc