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DJ Via Developments Plc Changes in Equity Ownership

 
TIDMVIA1 
 
25 April 2018 
 
                                                                   GB00BYPBC438 
 
                             Via Developments PLC 
                           ("Via" or "the Company") 
 
                          Changes in Equity Ownership 
 
The Directors of Via Developments plc announce a change in the ownership of the 
issued share capital of the company (which is not listed). 
 
At a Board Meeting held on 24 April 2018, the directors noted a change in the 
ownership of the issued share capital of the Company. 
 
Pyramid Court Investments Ltd has disposed of the entire share capital of Via 
Developments plc to each of the following Directors of Via as follows: 
 
  * 343,800 ordinary shares of GBP1 each, representing a holding of 90% of the 
    issued share capital in the Company were acquired by John Khan, (Co-CEO); 
 
  * 19,100 ordinary shares of GBP1 each, representing a holding of 5% of the 
    issued share capital in the Company were acquired by Ivan McKeever, 
    (Non-Executive Chairman); and 
 
  * 19,100 ordinary shares of GBP1 each, representing a holding of 5% of the 
    issued share capital in the Company were acquired by David Harris, 
    (Director). 
 
The whole of the issued share capital of Pyramid Court Investments Ltd is owned 
by John Khan. 
 
At the same time, Stephen Khan, Co-CEO of Via Developments plc ("the Buyer") 
entered into a call option agreement with John Khan, Co-CEO of Via Developments 
plc ("the Seller") over 45% of the issued share capital of the company (being 
50% of the share capital of the company owned by John Khan). The call option 
was granted for a consideration of GBP1.00 and remains in force until 31 December 
2030. The exercise price is GBP1.00 per option share. 
 
The directors of Via Developments Plc accept responsibility for this 
announcement. 
 
COMPANY CONTACT DETAILS: 
 
Via Developments Plc 
1 North Parade 
Parsonage Gardens 
Manchester 
M3 2NH 
Telephone: +44 161 871 4869 
http://www.vdplc.com/ 
 
NEX CORPORATE ADVISER: 
 
Alexander David Securities Limited 
David Scott -Corporate Finance 
James Dewhurst - Corporate Broking 
Telephone: +44 (0) 20 7448 9820 
http://www.ad-securities.com 
49 Queen Victoria Street, London EC4N 4SA 
 
 
 
END 
 

(END) Dow Jones Newswires

April 25, 2018 09:53 ET (13:53 GMT)