14 August 2014
C A Sperati plc
("CAS" or the "Company")
Holdings in Company and correction to announcement dated 7 August 2014
CAS was informed on 15 July 2014 that, on 14 July 2014, Schweco Nominees Limited, on behalf of Jonathan Rowland, sold 100,000 ordinary shares of 0.5 pence each in the issued share capital of the Company ("Ordinary Shares") at a price of 4 pence per Ordinary Share. Prior to such sale, Schweco Nominees Limited, on behalf of Jonathan Rowland, held 1,951,600 Ordinary Shares representing approximately 10.12 per cent. of the issued share capital of the Company and following such sale holds 1,851,600 Ordinary Shares, representing approximately 9.60 per cent. of the issued share capital of the Company. Due to an administrative oversight this was neither recorded in the Company's records nor therefore announced.
In light of the above information which has now come to the attention of the Company and its Nominated Adviser, the Consultancy Agreement and the JR Warrant Agreement, as defined in the Company's announcement dated 7 August 2014 and entitled "Appointment of consultant, grant of warrants and establishment of an unapproved share option scheme", were not Related Party Transactions (as defined in the AIM Rules for Companies ("AIM Rules")) given that at the time of entering into such agreements Jonathan Rowland held less than 10 per cent. of the issued share capital of the Company. Therefore there was no requirement under the AIM Rules for Nilesh Jagatia and Oliver Fattal to provide a statement to the effect that having consulted with Beaumont Cornish Limited, the terms of the JR Warrant Agreement and the Consultancy Agreement were fair and reasonable insofar as the Company's shareholders were concerned. All other information in the announcement dated 7 August 2014 remains the same.
For further information on CAS please visit the Company's website: www.casperatiplc.com or please contact:
C A Sperati plc |
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Jason Drummond, Executive Chairman |
Tel: 020 8858 7069 |
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Beaumont Cornish Limited (Nominated Adviser & Joint Broker) |
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Roland Cornish |
Tel: 0207 628 3396 |
Emily Staples |
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Peterhouse Corporate Finance (Joint Broker) |
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Lucy Williams |
Tel: 020 7469 0936 |
