GAR Garner

 
TIDMGAR 
 
22 January 2010 
 
                                  Garner plc 
 
                          ("Garner" or the "Company") 
 
                                Issue of equity 
 
At the Company's board meeting held in December 2009, it was agreed that any 
executive bonuses for 2009 would be settled by an issue of ordinary shares, 
rather than in cash, based on net bonus figures, after taking into account 
deductions for income tax and national insurance. 
 
Accordingly, the directors of Garner have resolved to issue 4,116,104 new 
ordinary shares ("Bonus Shares") to four employees, who are not directors of 
the Company. At the closing mid-market price on 21 January 2010 (being the last 
practicable date prior to the date of this announcement) of 1.88p per Garner 
share, these shares have an aggregate value of GBP77,382.75 and represent 5.80 
per cent of the existing issued ordinary share capital. 
 
Application will be made for the Bonus Shares to be admitted to trading on AIM. 
It is expected that admission will become effective and that dealings in the 
Bonus Shares will commence on 28 January 2010. Following the admission of these 
shares to trading on AIM, the Company will have a total of 75,138,312 ordinary 
shares in issue. 
 
Further Enquiries: 
 
Garner plc                                                 Tel: 020 7629 8822 
 
Andrew Garner/Ben Felton 
 
Merchant John East Securities Limited                      Tel: 020 7628 2200 
 
John East/Simon Clements 
 
 
 
 
END 
 

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Garner (LSE:GAR)
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