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STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2008
Jan 9, 2008
65841_rns_2008-01-09_72ad1fa6-49f0-4156-bea4-77593cbf020d.pdf
Capital/Financing Update
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10 January 2008
COMPLETION OF OPTION EXERCISE
Gippsland Limited (ASX, AIM, FRA : GIP) advises that it has completed the issue and allotment of 33,674,180 shares pursuant to the conversion of listed options having an exercise price of A$0.09 which expired on 31 December 2007.
The Directors are pleased to note that 77% of the outstanding listed options were converted raising approximately A$3 million (approximately UK£1.37 million) for the company.
All Gippsland Directors holding listed options exercised 100% of their entitlements prior to or on 31 December 2007 as follows:
RJ Telford 6,558,322 JM Chisholm 2,260,000 JD Kenny 2,250,000
RJ (Jack) Telford Executive Chairman Gippsland Limited www.gippslandltd.com
For further information please contact:
Jack Telford Gippsland Limited T: +61 (0)8 9340 6000 E: [email protected]
David Newton, Director Corporate Finance Richard Hail, Head of Corporate Finance Seymour Pierce Limited Fox-Davies Capital T: +44 (0)20 7107 8000 T: +44 (0)20 7936 5200 E: [email protected] E: [email protected] Jane Stacey / Ed Portman Warrick Hazeldine Investor Relations Investor Relations T: +44 (0)20 7429 6605 / 6607 T: +61 (0)8 9485 1254 E: [email protected] M: +61 (0)417 944 616 E: [email protected] E: [email protected]
ASX-LSE 080110 Completion of option exercise.doc
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