News
Completion of Acquisition
The Company is pleased to announce the completion of the acquisition of Total Repair Solutions Limited (“TRS”) and the placing by KBC Peel Hunt of 8,352,675 new Ordinary Shares, as announced by the Company on 5 August 2009.
The completion follows the admission to trading on AIM of 16,477,675 Ordinary Shares (being the Placing Shares and the Consideration Shares) at 8.00 a.m. today. These Ordinary Shares rank pari-passu with the existing issued Ordinary Shares.
Commenting on the completion of the acquisition Regenersis’ Chief Executive Officer, Gary Stokes, commented:
“I am very pleased to confirm the completion of this important acquisition. TRS is highly complementary to our existing technical services offering and very closely aligned to our own ethos of service excellence and delighted customers. I look forward to working with TRS’ exceptionally committed and talented management team in driving our two businesses forward.”
Directors' interests in and following the Placing
Having subscribed for, in aggregate, £65,000 of Placing Shares the Directors now have the following interests in Ordinary Shares:
| Name of Director |
Number of Placing Shares subscribed for | Shareholding following the Placing and completion of the Acquisition | Percentage of share capital on Admission following the Placing and completion of the Acquisition |
| Jeff Hewitt | 12,500 | 25,465 | 0.06% |
| Gary Stokes1 | 62,500 | 93,750 | 0.21% |
| David Kelham2 | 62,500 | 82,500 | 0.18% |
| David Gilbert | 12,500 | 12,500 | 0.03% |
| David Holland | 12,500 | 12,500 | 0.03% |
1. In addition to the shareholdings listed above, Gary Stokes holds 750,000 options over Ordinary Shares in the Company which were granted on 26 June 2007 with an exercise price of 55.5 pence. The options vest immediately following the announcement of the Company’s results for the period ending 30 June 2010, subject to certain performance conditions.
2. The Placing Shares subscribed for by David Kelham have been purchased by his SIPP. Further, in addition to the shareholdings listed above, David Kelham holds 500,000 options over Ordinary Shares in the Company which were granted on 26 June 2007 with an exercise price of 55.5 pence. The options vest immediately following the announcement of the Company’s results for the period ending 30 June 2010, subject to certain performance conditions.
Certain capitalised terms used, but not defined, in this announcement have the same meanings as given to them in the circular published by the Company dated 5 August 2009, unless the context requires otherwise. Copies of the circular are available by clicking here.
