Tower Gate Capital Limited

March 04, 2011 07:37 ET

Statement re issue of shares and warrants

4 March 2011

                                        TOWER GATE CAPITAL PLC
                                      ISSUE OF SHARES & WARRANTS

Issue of Shares

The  Board  is  pleased  to announce that on 31 December 2010 the Company received  notification  that
Katherine Hudson exercised warrants to subscribe for 842,697 shares at 17.5p per share.

On 7 February 2011 the Company issued 2,297,296 Ordinary Shares at 18.5p per share as follows:

CPW Limited                                                                                   405,405
Sape Group Holdings Limited                                                                 1,351,351
Matthew Hudson                                                                                540,540

On 28 February 2011 the Company issued 81,081 Ordinary Shares at 18.5p per share:

The  Company's  total  issued share capital following the above transactions  is  29,531,800  Ordinary
Shares of 0.5 pence each.

Substantial Shareholdings

CPW Limited                                                                1,405,405            4.76%
West Country Holdings                                                      1,000,000            3.39%
Sape Group Holdings                                                        1,351,351            4.58%

Directors' Holdings

Matthew Hudson                                                            22,333,523           75.62%
Patrick Kealy                                                                400,742            1.36%
Timothy Hudson                                                               325,000            1.10%
                                                                          23,059,265           78.08%

Matthew  Hudson's  total  shareholding is 22,333,523 Ordinary Shares in the  Company  (75.62%),  which
includes  2,752,697 (9.32%) held by his wife and 132,152 (0.44%) Ordinary Shares held by  Barclayshare
Nominees Limited as nominee.

Total  Directors'  shareholdings  following  the above  transaction  are  23,059,265  Ordinary  Shares
(78.08%).  Except  as  disclosed above, the Directors' shareholdings represent  legal  and  beneficial

Issue of warrants

On 7 February 2011 the Company entered into a Warrant Deed and issued a Warrant Certificate to Matthew
Hudson for 1,756,756 Ordinary Shares at 18.5p each. Exercise of the warrant can be in whole or in part
at any time until 1 February 2012.

Matthew  Hudson has granted call options over the same number of shares at 18.5p each  to  Sape  Group
Holdings Limited (1,351,351 Shares) and CPW Limited (405,405 Shares).

The Board accepts responsibility for the content of this announcement.

Tower Gate Capital PLC

Contact Information

  • Tower Gate Capital Limited