Thursday March 27, 03:51 PM
Apace Media issues 5.10 mln new shares to CEO-controlled co
LONDON (Thomson Financial) - Apace Media PLC (LSE: APA.L - news) said it has issued 5.10 mln new ordinary shares to Didies Eood, a Bulgarian
company controlled by Didier Stoessel, at 6 pence each in lieu of outstanding fees it owed to Didies.
After the completion of transaction Stoessel will control 28.133 mln shares or 29.88 pct of the total issued share capital.
The company said after the issue of new shares there will be a total of 94.169 mln ordinary shares in issue.
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