Issue of Equity and Directors Shareholdings (9420T)

TIDMPKP

RNS Number : 9420T

Photon Kathaas Productions Ltd

14 December 2011

Photon Kathaas Productions Limited

Issue of Equity and Directors Shareholdings

Photon Kathaas (AIM:PKP.L, "Photon Kathaas", "the Company") announces that pursuant to the Company's listing arrangements and as stated in the Admission Document dated 3 November 2010 a further total of 48,223 new Ordinary Shares were issued to Michael Rosenberg, Non-executive Chairman, Nathalie Schwarz, Non-executive Director. In accordance with the terms of their service contracts Michael Rosenberg and Nathalie Schwarz have agreed to take new Ordinary Shares in the Company in lieu of cash against Director's fees payable to them, as set out in the Admission Document. These Ordinary Shares have been allotted to them at an issue price of US$0.49 per share.

Following the above issue of shares, Michael Rosenberg is now interested in a total of 145,587 Ordinary Shares in the Company, representing approximately 0.68% of the enlarged issued share capital of the Company.

Following the above issue of shares, Nathalie Schwarz is now interested in a total of 36,241 Ordinary Shares in the Company, representing approximately 0.17% of the enlarged issued share capital of the Company.

Application is being made for the 48,223 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 20 December 2011.

Following the issue of these shares, the Company has a total of 21,493,532 Ordinary Shares in issue. The total number of voting rights in the Company is therefore 21,493,532.

Enquires

 
 Photon Kathaas 
 Venkat Somasundaram, Chief Executive    +65 6224 4991 
 Reshma Ghatala, Head of Marketing       +91 44 2820 2988 
 Michael Rosenberg, Non-executive 
  Chairman                               020 7938 4026 
 
 Seymour Pierce Limited                  020 7107 8000 
 Nandita Sahgal/Tom Sheldon 
 
  Rivington Street Corporate Finance 
  Jon Levinson                           020 7562 3357 
  Dru Edmonstone                          020 7562 3384 
 
 College Hill 
 Adrian Duffield/Jon Davies              020 7457 2020

This information is provided by RNS

The company news service from the London Stock Exchange

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