The Company announces that on 12 December 2013, pursuant to a Joint Share Ownership Plan ("JSOP"), Kevin Ashby, CEO, acquired a total of 2,615,000 new ordinary shares in London Capital ("JSOP Shares") which he holds jointly with the Company's employee benefit trust.  Under these arrangements, Mr Ashby will benefit from growth in value of an Ordinary Share above 49 pence per share:

 

Director

Jointly held shares

No. of jointly held shares subsequent to award

No. of shares in Company in which Director has a beneficial interest

       

Kevin Ashby

2,615,000

2,615,000

2,749,352 (4.93%)


The JSOP Shares are subject to performance conditions and Mr Ashby can only realise value from his JSOP Shares to the extent that the performance conditions have been met.  The JSOP Shares will only vest in full after 17 July 2017.

Pursuant to this award the Company has applied for 2,615,000 new ordinary shares to be admitted to trading on AIM.  Dealings are expected to commence on 30 December 2013.  Following the admission of the 2,615,000 new ordinary shares the Company's total issued share capital will be 55,800,908 ordinary shares of 10p each.  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 FCA's Disclosure and Transparency Rules.

 

 

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