Tower Gate Capital Limited
LSE : TGCP

October 19, 2010 10:08 ET

Management and Shareholdings

19th October 2010

                                        TOWER GATE CAPITAL PLC
                                     MANAGEMENT AND SHAREHOLDINGS

The Board of Tower Gate Capital PLC (the "Company") is pleased to announce that:

1.      Management

Shahram Shoraka, will be heading up the business development side of the Company, working to build-out
the  Company's  activities in regards to the corporate finance, asset management,  and  family  office
units as the Company continues to grow.

Shahram  is ex Lehman and Straumur Investment Bank, as well as having been a private equity  principal
at Merchant Bridge & Co. Private Equity.

2.      Advisory Board

Gordon Fitzjohn (formerly of Deutsche Bank) is forming an Advisory Board for the Group, to reflect our
increased activities.

3.      Shares

On  15  October  2010  the Company received notification that the Hudson family have  exercised  their
warrant  to subscribe 1.5m shares at 11p, by Matthew Hudson subscribing 1.5m shares at 11p  per  share
and subscribed a further 500,000 ordinary shares at 11p per share - total 2m shares.

Also  on 15 October 2010 the Company received notification that Matthew Hudson has also sold 2m shares
to:

(a)     CPW Limited (connected to Shahram Shoraka)  - 1m shares at 11p per share, representing 3.80%
        of the Company's total issued share capital.
(b)     West County Holdings Limited (connected to Gordon Fitzjohn) - 1m shares at 11p per share,
        representing 3.80% of the Company's total issued share capital.

The  Company's  total  issued share capital following the above transactions  is  26,310,726  Ordinary
Shares of 0.5 pence each.

This  is  following  the issue of 266,339 new ordinary shares that were issued by the  Company  on  14
October  2009, raising £56,772. Of these shares 112,500 were acquired by Matthew Hudson, Director,  at
20 pence per share and are held by Barclayshare Nominees Limited as nominee.

Also  included  within the total issued share capital is the issue of 1m shares on  3  September  2010
which  were  announced in the trading update for the quarter to 30 June 2010 that was announced  on  3
September 2010.

Matthew Hudson's total shareholding is 20,930,634 Ordinary Shares in the Company (79.55% of the  total
issued  share capital), which includes 1,910,000 Ordinary Shares held by his wife (7.26% of the  total
issued share capital) and 112,500 Ordinary Shares held by Barclayshare Nominees Limited as nominee.

Total  Directors' shareholdings following the above transaction are 21,656,376 (82.31% of  the  issued
share capital). The Directors' shareholdings represent legal and beneficial holdings.

4.      Prospects

The  Board very much looks forward to the rest of the financial year, and is very optimistic about the
Company's prospects.

The Board accepts responsibility for the content of this announcement.

Tower Gate Capital PLC

CONTACT DETAILS:

Tower Gate Capital PLC:          Matthew Hudson   Tel: 020 7409 0500


Contact Information

  • Tower Gate Capital Limited