Issue of Shares and Director Shareholding


 

TIDMZTC 
 
RNS Number : 9273P 
ZTC Telecommunications plc 
01 April 2009 
 
ZTC Telecommunications Plc 
("ZTC" or "the Company") 
 
 
Issue of Shares and Director Shareholding 
 
The Company advises that it has today issued 7,484 new ordinary shares of 10p 
each in order to facilitate the proposed share capital reorganisation as 
detailed in the circular to shareholders dated 27 March 2009. 
 
 
The new ordinary shares have been subscribed for by Frank Lewis and Higher 
Performance Team Limited, a company beneficially owned by Michael Liu, Executive 
Director (80 per cent.), Mark Syropoulo, Finance Director (10 per cent.) and 
James Guo, who is not a ZTC board member (10 per cent.). 
 
 
The shares were subscribed for at a price of 10p per new ordinary share. 
 
 
A summary of the Directors' shareholdings is below: 
 
 
+---------------+---------------+--------------+---------------+---------------+ 
| Name          | No. of        | No. of new   | Total no. of  | Percentage of | 
|               | shares held   | ordinary     | shares        | the enlarged  | 
|               | before the    | shares       | following the | issued share  | 
|               | subscription: | subscribed   | subscription: | capital of    | 
|               |               | for:         |               | the Company:  | 
+---------------+---------------+--------------+---------------+---------------+ 
| Frank Lewis   | -             | 2,494        | 2,494         | 0.002         | 
|               |               |              |               |               | 
+---------------+---------------+--------------+---------------+---------------+ 
| Higher        | 4,250,000     | 4,990        | 4,254,990     | 3.915         | 
| Performance   |               |              |               |               | 
| Team Limited  |               |              |               |               | 
+---------------+---------------+--------------+---------------+---------------+ 
 
 
 
 
Application will be made today for these new shares to be admitted to trading on 
AIM and admission is expected to take place on 7 April 2009. 
 
 
Following admission of these shares on AIM, the Company will have 108,690,000 
voting shares in issue, none of which are held in treasury. 
 
Contact: 
 
ZTC Telecommunications plc 
Frank Lewis, Chairman 
+44 (0)7775 504 313 
Fairfax I.S. PLC 
Nominated Adviser and Broker 
Adam Hart / Laura Littley 
+44 (0)207 598 5368 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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