TVCH Tvc Hldgs

TIDMTVCH

RNS Number : 9203K

TVC Holdings PLC

30 June 2014

30 June 2014

TVC HOLDINGS PLC

EXERCISE OF OPTIONS

TVC Holdings plc ("TVC" or the "Company") announces today that following the passing of the Resolutions at the Extraordinary General Meeting of the Company held on 27 June 2014 ("EGM"), Shane Reihill, Executive Chairman, John Tracey, Chief Executive Officer and John Fagan, Company Secretary, have exercised options over an aggregate of 3,972,919 Ordinary Shares of EUR0.01 cent each in the capital of the Company ("New Ordinary Shares") under the Company's Share Option Scheme.

Shane Reihill exercised options over a total of 2,128,751 Ordinary Shares. As a result, the beneficial interests of Shane Reihill, and those persons who are presumed to be acting in concert with Shane Reihill under Rule 3.3(b)(vii) of Part A of the Takeover Rules (the "Concert Party") (as described in further detail in section 7 of Part 1 of the circular dated 3 June 2014 (the "Circular")), have increased to 29,317,129 Ordinary Shares representing 30.7 per cent. of the Enlarged Issued Share Capital. Following the approval of the Independent Shareholders on a poll of the Rule 9 Waiver Resolution at the EGM, the obligations of the Concert Party to make a general offer for the balance of the Enlarged Issued Share Capital have been waived by the Irish Takeover Panel.

John Tracey exercised options over a total of 1,065,773 Ordinary Shares. As a result, the beneficial interests of John Tracey have increased to 2,318,605 Ordinary Shares representing 2.4 per cent. of the Enlarged Issued Share Capital.

John Fagan exercised options over a total of 778,395 Ordinary Shares. As a result, the beneficial interests of John Fagan have increased to 1,043,419 Ordinary Shares representing 1.1 per cent. of the Enlarged Issued Share Capital.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and ESM and it is expected that admission will take place on 1 July 2014. The New Ordinary Shares issued pursuant to the exercise of options will rank pari passu with the existing Ordinary Shares. Following Admission, the total number of Ordinary Shares in the Company with voting rights will be 95,501,846.

Capitalised terms used but not defined herein shall have the meaning given to such term in the Circular.

Contact Information:

TVC Holdings plc

Shane Reihill, Executive Chairman

John Tracey, Chief Executive Officer

Tel: +353-1-2057700

Davy

John Frain

Tel: +353-1-6796363

Murray Consultants

Pauline McAlester

Tel: +353-1-4980300

This information is provided by RNS

The company news service from the London Stock Exchange

END

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