Recent News
Director’s Shareholding and Additional Listing
23 December 2002
Artisan (UK) plc announces that it has issued 16,666,667 new ordinary shares of ½p each to Aspen Finance Limited at an issue price of 3.0 pence per share.
Aspen Finance Limited is a company in which Michael Stevens, chairman of Artisan, is beneficially interested as a director and as a potential beneficiary of its parent company, Okaba Management, Inc.
Following the issue of the 16,666,667 new shares, Aspen Finance will hold 26,666,667 ordinary shares in Artisan, representing 9.34% of the enlarged share capital in issue.
Michael Stevens advised that the new equity was intended to provide additional working capital resources for the Company and to assist the development of the Company’s plans to generate future capital growth, as outlined to shareholders at the Company’s AGM in September 2002.
Application has been made for the new shares to be admitted to trading on the Alternative Investment Market of the London Stock Exchange and dealings are expected to commence on 2nd January 2002.
