Press ReleaseFree Float Increased as a Result of Share Sale
NETELLER PLC (the “Company”) announces that on 13 September 2004 it was notified by the following significant shareholders Corvina International Ltd, 1098853 Alberta Ltd and CEO Gord Herman of the following sales of ordinary shares of 0.01p each.
| |
Date of Sale |
No. of shares |
Price |
| Corvina International Ltd |
13 September 2004 |
5,195,100 |
210 pence |
| 1098853 Alberta Ltd |
13 September 2004 |
1,953,000 |
210 pence |
| Gord Herman |
13 September 2004 |
351,900 |
210 pence |
Since the recent IPO, it has been the Company’s intention to increase the number of shares trading freely on the market to ensure that the free float of the company is sufficient. In order to meet recent demand for the shares and pursuant to the terms of the lock-in agreed at the Company’s IPO in April, the above shares owned by the founding shareholders have been released from the lock-in by the Company’s brokers. These shareholders provided the shares subject to the sale detailed above. The shares were placed in the market in an orderly manner to increase the free float of the Company’s shares and help increase liquidity in the market.
Following the disposal, Gord Herman continues to hold 4,448,100 ordinary shares, representing 3.7 per cent of the Company’s issued share capital. In addition Mr Herman holds 250,000 options in NETELLER shares.
About NEOVIA Financial Plc
Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc) operates the world's leading independent online payments business. Through its Payment Suite, featuring NETELLER®, NETBANX®, Net+™ and 1-PAY™ brands, NEOVIA specialises in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed NEOVIA to support thousands of retailers and merchants in many geographies and across multiple industries.
Subsidiary company NETELLER (UK) Limited is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about NEOVIA Financial visit www.neovia.com.
NEOVIA Financial Plc recently changed its corporate identify from NETELLER Plc to better reflect the strength and breadth of its individual product brands. At the same time its ticker symbol changed from NLR to NEO.
Media and Investor Contacts
NEOVIA's media relations are managed by McEntegart Marketing. Contact them through the Media Relations Contact page. NEOVIA investor relations are managed by Citigate Dewe Rogerson. Contact them through the Investor Relations Contact page.
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