("Nasstar", "Company" or "Group")
30 September 2016
Nasstar (stock code: NASA), a provider of hosted managed and cloud computing services, has been notified today that on 29 September 2016, Lord Daresbury, Chairman of the Company, sold 200,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") held by him personally to a trust (Daresbury SWE9501 Limited), the sole beneficiary of which is Lord Daresbury, for 8.75p per Ordinary Share.
As a result of the above Lord Daresbury's overall beneficial interest in the Company will remain unchanged, holding 4,788,562 Ordinary Shares, equivalent to 0.83 per cent of Nasstar's issued ordinary share capital.
For further information, please contact:-
Nasstar plc +44 (0) 1952 225 000
Nigel Redwood, Chief Executive Officer
Niki Redwood, Finance Director
finnCap Limited (Nominated Adviser & Broker) +44 (0) 20 7220 0500
Julian Blunt, James Thompson (Corporate Finance)
Stephen Norcross (Corporate broking)
About Nasstar plc
Nasstar (www.nasstar.com) and its wholly owned operating businesses provide hosted managed and cloud computing services that enable subscribers to access their corporate desktop, files, applications, data and email in the Cloud rather than using local server infrastructure. Nasstar specialise in building bespoke cloud hosted services to manage a client's entire application set, tailor made to suit specific industries, designing public, private and hybrid cloud solutions to meet the objectives of the client. The solution is a highly scalable service that provides benefits including anywhere access to computing, a standardised corporate solution that can be accessed globally and in multiple languages and cost savings when compared to the traditional IT ownership model, replacing capital expenditure with a simple usage based payment model.
Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in December 2005, acquired e-know.net Limited in a reverse takeover in January 2014, Kamanchi Limited in July 2014, VESK in October 2015 and Modrus Limited in September 2016.
This information is provided by RNS