Issue of Equity
05 2월 2007 - 4:02PM
UK Regulatory
RNS Number:6767Q
Nature Technology Solutions Limited
05 February 2007
Nature Technology Solutions Limited
("Company")
2 February 2007
Appointment of Director
Placing of 52 million new shares
The Directors of Nature Technology Solutions Ltd are pleased to announce the
appointment of Nigel Sandy as a Non-executive Director, with immediate effect.
Nigel has a strong background in the waste and land aggregates sector, including
a previous role as Group Chief Executive of Waste Recycling Group prior to a
successful sale of that group to private capital interests in July 2003.
A placing of 52 million new Ordinary shares of 0.01p each in the Company has
also been arranged at a price of 0.55p per share, to provide additional working
capital principally for the Group's new 60% subsidiary, Northern Treatment AS,
which is developing the appropriate staff and logistics necessary for deployment
of new Offshore Treatment Units (OTUs) in the Norwegian North Sea. Further
announcements with regard to deployment of the first operational unit will be
made following a number of discussions taking place with regard to future OTU
operations.
The following Directors participated in the placing, resulting in a notifable
increase in shareholdings as set out below:
Participation in the
Placing Total holding %
R.A Eldridge 3.000.000 29,250,000 5.95
E.Gamman 2,000,000 3,542,600 0.72
S.O.Keller 605,000 29,672,774 6
P.Snell 3,000,000 11,940,000 2.43
N.Sandy 1,250,000 1,250,000 0.25
P.Snell is also interested in 7,000,000 shares held by a company in which he is
a minority shareholder.
In addition, pursuant to this placing, the following parties have advised the
Company as to notifiable holdings above 3% of the issued capital of the Company:
Holding %
C.Fairweather (on 38,907,683 7.91%
behalf of himself and
associated companies.)
Hazell Carr Edwards FURB. 20,000,000 4.07
El Oro and Exploration Company plc 17,000,000 3.46
Application has been made for the 52,000,000 new ordinary shares to be admitted
to trading on AIM. Dealings are expected to commence on 8 February 2007.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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