Cantina Augusto plc
LSE : CANP

June 09, 2008 11:35 ET

Statement re Issue of Warrants

9 June 2008

                                        CANTINA AUGUSTO PLC
                                         ISSUE OF WARRANTS


The  Board  of Directors of Cantina Augusto Plc (the "Company") has approved the issue of  900,000
warrants, at the Board Meeting held on 23 May 2008. The warrants may be exercised after  a  period
of 3 years from issue at a price of 10p per ordinary share.

150,000  warrants were issued to each of the four Directors of the Company and to John Christopher
Green  and  Frederick  Jeremy Porter. If all the warrants are exercised, the  number  of  ordinary
shares  in issue will increase from 12,103,250 to 13,803,250. The effect of the exercise of  these
warrants is detailed below.

DIRECTORS
                                              Number of            Shareholding          % of
                                               Warrants                assuming      Ordinary
                                                 Issued                exercise        Shares
                                                                 of all warrants             
                                                                                       
 Michael Raymond Nash                           150,000                 800,000          5.80
 Peter William Parkinson                        150,000               1,345,312          9.75
 Adriano Bernabei                               150,000                 950,000          6.88
 Frederick Edward Oliver Porter                 300,000                 800,000          5.80
                                                                                             
 Total                                          750,000               3,895,312         28.23
                                                                                 


SUBSTANTIAL SHAREHOLDERS
                                              Number of            Shareholding          % of
                                               Warrants                assuming      Ordinary
                                                 Issued                exercise        Shares
                                                                 of all warrants             
                                                                                 
 Jeremy Porter Pension Fund                          -                2,997,625         21.72
 James Butterfield                                   -                  785,000          5.69
 Jon Peter Pither                                    -                1,195,313          8.66
 Fisher Corporate plc                                                   550,000          3.98
 John Christopher Blore & Alison Lynne               -                  500,000          3.62
 Blore
 Steven Hancock                                      -                  500,000          3.62
 Mark Sims                                           -                  500,000          3.62
 St Helen's Finance Plc                              -                  500,000          3.62


If  Adriano  Bernabei exercises all his warrants, he will have a legal and beneficial  holding  of
650,000  Ordinary  Shares. 300,000 Ordinary Shares are legally and beneficially owned  by  Augusto
Bernabei, his father.

If  Frederick Edward Oliver Porter exercises all his warrants, he will have a legal and beneficial
holding  of  400,000  Ordinary Shares and his father, Frederick Jeremy Porter,  will  legally  and
beneficially own 400,000 Ordinary Shares. Frederick Jeremy Porter is also the beneficiary  of  the
Jeremy Porter Pension Fund, a substantial shareholder in the Company.

150,000 warrants were also issued to John Christopher Green, who controls Listbasis Limited, which
holds  250,000  shares (2.07%) and is also the husband of Ann Vivienne Green,  who  holds  250,000
(2.07%) of the Ordinary Share Capital.

The Directors of the Company accept responsibility for this announcement.

                                             - ends -

CONTACT DETAILS:

Cantina Augusto Plc:      Edward Porter          Tel: 01926 888 302

Fisher Corporate Plc:     Gary Miller            Tel: 0207 388 7000

Contact Information

  • Cantina Augusto plc