16 November 2021
Starvest Plc ("Starvest" or "the Company")
Issue of Equity, Total Voting Rights and Directors' Holdings
The Company is pleased to announce that it has resolved to issue a total of 132,407 new Ordinary shares of £0.01 in the Company ("Ordinary Shares") at a price of 16.5p per Ordinary Share as follows to two of its directors in lieu of fees for Q3 2021. The issue of new Ordinary Shares to directors is in accordance with the Company's focus on limiting the outflow of cash from the business, thereby preserving cash for investment opportunities as they present themselves.
The following table shows the number of new Ordinary Shares issued and their resultant total holdings:
| Shareholder/Director name | Number of ordinary shares issued | Interest in enlarged issued share capital | % of enlarged share capital |
| Callum N Baxter | 90,909 | 7,983,368 | 13.74 |
| Gemma Cryan | 41,498 | 1,437,584 | 2.47 |
Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on, or around, 22 November 2021.
Following admission, the Company's enlarged share capital will comprise 58,114,438 Ordinary Shares. No shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 58,114,438. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Callum N Baxter
Chairman & Chief Executive
16 November 2021
Enquiries to:
Starvest PLC
Callum Baxter or Gemma Cryan 02077 696 876 info@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson or Harrison Clarke 02073 835 100
SI Capital Ltd (Broker)
Nick Emerson or Alan Gunn 01483 413 500
The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
| a)
| Name
| Callum Baxter | ||||||||
| 2
| Reason for the notification | |||||||||
| a)
| Position/status | Chairman and CEO
| ||||||||
| b)
| Initial notification /Amendment
| Initial Notification | ||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||
| a)
| Name
| Starvest Plc | ||||||||
| b)
| LEI
| 2138002RU77NWA794295 | ||||||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
| a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 1.0p each | ||||||||
| | | |||||||||
| Identification code | ISIN: GB0009619817 | |||||||||
| | | |||||||||
| b)
| Nature of the transaction
| Issue of shares in lieu of directors' fees | ||||||||
| c)
| Price(s) and volume(s) | |
| | ||||||
| | | | ||||||||
| d)
| Aggregated information | | ||||||||
| | | |||||||||
| - Aggregated volume | | |||||||||
| | | |||||||||
| - Price | N/A - single transaction | |||||||||
| | | |||||||||
| e)
| Date of the transaction
| 16 November 2021 | ||||||||
| f)
| Place of the transaction
| Outside a trading venue | ||||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
| a)
| Name
| Gemma Cryan | ||||||||
| 2
| Reason for the notification | |||||||||
| a)
| Position/status | Director
| ||||||||
| b)
| Initial notification /Amendment
| Initial Notification | ||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||
| a)
| Name
| Starvest Plc | ||||||||
| b)
| LEI
| 2138002RU77NWA794295 | ||||||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
| a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 1.0p each | ||||||||
| | | |||||||||
| Identification code | ISIN: GB0009619817 | |||||||||
| | | |||||||||
| b)
| Nature of the transaction
| Issue of shares in lieu of directors' fees | ||||||||
| c)
| Price(s) and volume(s) | |
| | ||||||
| | | | ||||||||
| d)
| Aggregated information | | ||||||||
| | | |||||||||
| - Aggregated volume | | |||||||||
| | | |||||||||
| - Price | N/A - single transaction | |||||||||
| | | |||||||||
| e)
| Date of the transaction
| 16 November 2021 | ||||||||
| f)
| Place of the transaction
| Outside a trading venue | ||||||||
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