| Director/PDMR Shareholding and Issue of Equity |
| Tuesday, 31 May 2011 00:00 | |||||||||||||||||||||||||||||||||||||||||||||||
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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”):
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.
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