block   logo

  block
   
 

Investors Title


.
 
 

ArgentVive PLC ("ArgentVive" or the "Company") Director's and PDMR Shareholdings

18 january 2007

ArgentVive, the AIM quoted e-commerce group announces that, following the allotment of shares as consideration for the acquisition of Solcara Limited, Mr Ray Jackson, Managing Director, holds 1,622,420 ordinary shares representing a holding of 3.94 per cent. of the Company's issued share capital.

In addition, the Company was notified on 15 January 2008 that, on 8 January 2008, Mr S Van Tran acquired an interest in 300,000 ordinary shares through a contract for difference ("CFD"). Mr Van Tran, Managing Director of the Company's AuctionAssist subsidiary, now holds 1,618,980 ordinary shares directly and a further 458,584 ordinary shares indirectly through his CFD position, representing, in aggregate, a holding of 7.28 per cent. of the Company's issued share capital (as at 8 January 2008). Following Admission of 12,625,291 ordinary shares in the Company on 15 January 2008 pursuant to the placing and acquisition announced on 21 December 2007, Mr Van Tran's holding now represents 5.04 per cent of the Company's issued share capital.

For further information: ArgentVive plc Tel: 01932 569 912 Kevin Fleming Charles Stanley Securities Tel: 020 7149 6000 Nominated Adviser and Joint Broker Russell Cook Carl Holmes IAF Securities Tel: 020 7747 7400 Financial Adviser and Joint Broker Gary Pinkerton

The Company also announces that it has raised approximately £4.2 million through a placing of up to 8,365,291 shares at 50 pence per share.

Enquiries:

ArgentVive plc:

Kevin Fleming, Finance Director Tel: 01932 460 101

Charles Stanley Securities:

Nominated Adviser and Joint Broker Russell Cook/Carl Holmes Tel: 020 7149 6000

IAF Securities:

Financial Adviser and Joint Broker Gary Pinkerton Tel: 020 7747 7400

College Hill:

Mark Garraway/Kate Rock Tel: 020 7457 2020