News

Issue of Equity

01 April 2010

WFCA, the leading regional advertising and marketing agency, announces that, pursuant to the deferred consideration due under the share sale and purchase agreement made between WFCA Integrated Limited vendors Michael Richards, Andrew Peake and Rodger Braidwood and the Company and as amended by the deed of variation made between all parties dated 19 May 2009 and as announced on the following day, the Company has today issued and allotted a total of 2,607,400 ordinary shares of 1p each ("Ordinary Shares") to certain directors, as follows:

Michael Richards (Chief Executive Officer) - 1,303,700 Ordinary Shares

Rodger Braidwood (Non Executive Director) - 1,303,700 Ordinary Shares

The resultant holdings of Mr Richard and Mr Braidwood are as follows:

Michael Richards - 109,810,391 Ordinary Shares, representing approximately 40.9 per cent of the issue share capital of the Company.

Rodger Braidwood - 14,326,070 Ordinary Shares, representing approximately 5.3 per cent. of the issued share capital of the Company.

Application has been made and the shares are expected to be admitted to trading on AIM on 9th April 2010.

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of 1p each and, following this allotment, the total issued share capital of the Company will increase to 268,466,008 Ordinary Shares of 1p each. All of these shares carry voting rights.

Further enquiries:

back to news