Issue of Equity
09 October 2006
Jelf announces that Michael King has granted the Jelf Employee Benefit Trust an option to buy 500,000 ordinary shares of 1 pence each ("Ordinary Shares") held by him at 183 pence per Ordinary Share. Michael King holds 2,945,803 Ordinary Shares. This option is exercisable by the EBT between 22 March 2008 and 21 March 2009.
Jelf also announces that the Group has issued 133,701 ordinary shares of 1 pence each pursuant to the exercise of warrants at 81 pence per share. An application has been made for these shares to be admitted to trading. Admission of these shares is expected to take place on 13 October 2006. As a result the Company now has 24,514,941 ordinary shares in issue.