Issue of Equity


 

TIDMATE 
 
RNS Number : 6336E 
Agua Terra Limited 
23 December 2009 
 

AGUA TERRA LIMITED 
 
 
ISSUE OF EQUITY 
 
 
For immediate release 
23 December 2009 
 
 
Agua Terra Limited (LSE: ATE) announces the allotment of 1,947,610 common shares 
of no par value ("AT Shares"). 
 
 
A total of 1,940,469 new Shares have been allotted fully paid in consideration 
of the cancellation of 4,531,260 Founder Warrants, following which there are no 
Founder Warrants remaining in issue. 
 
 
A further 7,141 new Shares have been allotted fully paid to Stephen Hammond MP 
for his services as a director of the Company. 
 
 
Application is being made for the admission of the 1,947,610 new Shares to 
trading on AIM. 
 
 
Relevant details of directors' interests in Founder Warrants cancelled, and new 
Shares allotted, are set out below together with each director's current 
shareholdings following such allotments, including the Shares held by Mr Hammond 
following the allotment referred to above: 
 
 
 
+----------------------+-----------+--------------+------+--------------+-------+ 
| Name                 | Founder   |    Shares    |      |   Current    |  %    | 
|                      | Warrants  |  allotted    |      | holdings of  |       | 
|                      | cancelled |      on      |      |    Shares    |       | 
|                      |           |cancellation  |      |              |       | 
|                      |           |  of Founder  |      |              |       | 
|                      |           |  Warrants    |      |              |       | 
+----------------------+-----------+--------------+------+--------------+-------+ 
| Earl of Balfour      |     5,000 |        2,141 |      |        7,141 |  0.11 | 
+----------------------+-----------+--------------+------+--------------+-------+ 
| Andrew Hargreaves    |     5,000 |        2,141 |      |        7,141 |  0.11 | 
+----------------------+-----------+--------------+------+--------------+-------+ 
| Markos               |   800,000 |      342,595 |      |    1,142,595 | 17.64 | 
| Kashiouris (1)       |           |              |      |              |       | 
+----------------------+-----------+--------------+------+--------------+-------+ 
| Peter Economides (2) |   760,000 |      325,465 |      |    1,085,465 | 16.75 | 
+----------------------+-----------+--------------+------+--------------+-------+ 
| Stephen Hammond      |       nil |          nil |      |        7,141 |  0.11 | 
+----------------------+-----------+--------------+------+--------------+-------+ 
| Mehmet Önkal         |     5,000 |        2,141 |      |        7,141 |  0.11 | 
+----------------------+-----------+--------------+------+--------------+-------+ 
| Anthony Travis       |     5,000 |        2,141 |      |        7,141 |  0.11 | 
+----------------------+-----------+--------------+------+--------------+-------+ 
 
 
  1.  Shares beneficially held by Mr Kashiouris are registered in the name of Terra 
  Holdings Group Limited 
  2.  Shares beneficially held by Mr Economides are registered in the name of 
  Totalserve Investments Limited 
 
 
 
A substantial shareholder, Mr Yiannis Panayi, whose Shares are registered in the 
name of Aqua Sol Holdings Limited, now holds 1,285,429 Shares representing 
19.84% of the Shares in issue following the cancellation of 900,000 Founder 
Warrants. 
 
 
 
 
Following the issue of the new Shares, there are 6,478,860 Shares in issue. 
 
 
Enquiries 
 
 
Agua Terra Limited 
Markos Kashiouris, Chief ExecutiveTel: +44 (0)20 7581 1234 
 
 
Fairfax I.S. PLC, Nominated adviser and broker 
David Floyd and Rachel Rees    Tel: +44 (0)20 7598 5368 
 
 
 
 
 
 
 
 
Notes to Editors 
 
 
Agua Terra Limited 
Agua Terra Limited (LSE: ATE) is the first development company dedicated 
exclusively to high quality mixed-use leisure real estate projects in Southeast 
Europe to be quoted on AIM. The Company, whose shares were admitted to trading 
on AIM in October 2008, aims to establish itself as a leading developer and 
operator of high quality mixed-use leisure real estate projects in Greece and 
Cyprus. The Company's initial focus is on development opportunities within 
Greece and intends to expand into Cyprus within the next two years, when 
circumstances allow. 
 
 
Agua Terra has recently launched its first project, "Mykonos Azure" on Mykonos 
island, Greece. Sales are currently underway and first deliveries are expected 
in 2010. 
 
 
Agua Terra was founded by Markos Kashiouris, Peter Economides and Yiannis 
Panayi, the principal shareholders of the company, who control Aqua Sol Hotels 
Public Company Limited, Sol Terra Developers Limited and Totalserve Management 
Limited, some of the leading hotel, real estate development and financial 
services and advisory companies in the eastern Mediterranean. The principal 
shareholders have collectively over 50 years' experience in real estate and have 
completed or advised on over $3 billion of real estate projects. They possess 
extensive local knowledge and contacts, as well as relationships with an 
international network of operators, architects and designers, marketing and 
branding companies and financial institutions. The principal shareholders also 
control Terra Sotheby's International Realty, the licencee of Sotheby's 
International Realty in the eastern Mediterranean. 
 
 
Agua Terra Limited is incorporated in the BVI and has local offices in the 
United Kingdom, Greece and 
Cyprus. 
 
 
www.agua-terra.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEEAFADAAFNFFE
Agua Terra (LSE:ATE)
過去株価チャート
から 5 2024 まで 6 2024