FFastFill is the leading SaaS Provider for trading and risk management serving the electronic trading community.

Director/PDMR Shareholding and Issue of Equity
Tuesday, 31 May 2011 00:00

The Board of FFastFill plc (LSE: FFA), the leading provider of Software as a Service (“SaaS”) to the global derivatives community, announces that the following Directors of the Company have on 27 May 2011 exercised the following share options over ordinary shares in the Company of 1p each (the “Ordinary Shares”):

 

Keith Todd

Executive Chairman

11,474,739 at an exercise price of 7p

Nigel Hartnell

Director

624,017 at an exercise price of 7p
1,645,342 at an exercise price of 1p

 

The options were initially granted in 2002 and were due to expire in 2012. A significant number of the exercised options have been sold to cover personal financial commitments including meeting the exercise costs and tax liabilities arising upon the exercise of these options. It has also helped facilitate the introduction of a new investor to the Company register. Following the transaction Directors retained interest in the share capital of FFastFill increased to 4.76%.

In addition to the above directors, certain current and former employees of the Company have exercised 1,530,000 options at an exercise price of 7p.

Following the exercise of options an application has been made for the admission of 15,274,098 new ordinary shares of 1p each (“New Ordinary Shares”) to trading on AIM. It is expected that dealings in these New Ordinary Shares, which will rank pari passu in all respects with the existing ordinary shares of the Company, will commence on 3 June 2011.

Following the issue of the New Ordinary Shares, the issued share capital will comprise of 417,024,649 ordinary shares.  
The Company further announces that the following Directors have given notification of the sale of Ordinary Shares as follows:

 

 

 

Number of Ordinary Shares disposed of

Price

Number of Ordinary Shares held following the disposal

% of issued share capital after the disposal

 

Keith Todd

11,474,739

11p

12,865,332

3.09%

Nigel Hartnell

624,017

11p

3,700,842

0.89%

 

For further information please contact:


FFastFill plc

+44 (0)20 3002 1900

Keith Todd CBE, Executive Chairman

 

Hamish Purdey, Chief Executive Officer

 

Mark Carlisle, Chief Financial Officer

 

 

 

Financial Dynamics

+44 (0)20 7831 3113

James Melville-Ross / Matt Dixon / Emma Appleton

 

 

 

Canaccord Genuity Limited

+44 (0)20 7050 6500

Simon Bridges / Filip Bavenholm

 

Finncap

+44 (0)20 7600 1658

Tom Jenkins / Charles Cunningham