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Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest

BackOct 12, 2010
Part I
1. Date of notice to issuer 12/10/2010
2. Name of Director LEE WAN TANG
3. Notice Type Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.
Part II
1. Date of change of Deemed Interest 11/10/2010
2. Name of Registered Holder NAUTICAL INTERNATIONAL HOLDINGS LTD
3. Circumstance(s) giving rise to the interest or change in interest # Others

(1) Issue and allotment of 35,000,000 new ordinary shares.

(2) Return of 33,000,000 shares that were previously transferred by Nautical International Holdings Ltd for delivery to the end-placees procured by the placement agent pursuant to a share lending arrangement.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 155,057,374
As a percentage of issued share capital 50.71 %
No. of Shares which are subject of this notice 33,000,000
As a percentage of issued share capital 9.68 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.43
No. of Shares held after the change 188,057,374
As a percentage of issued share capital 60.39 %
Part III - Not Required
Part IV
1. Holdings of Director, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 155,057,374
As a percentage of issued share capital 0 % 50.71 %
No. of shares held after the change 0 188,057,374
As a percentage of issued share capital 0 % 55.19 %
Footnotes (1) The percentage of issued share capital before the change is calculated based on the share capital of 305,750,000 shares (before the issue and allotment of 35,000,000 new shares).

(2) The percentage of issued share capital after the change is calculated based on the enlarged issued share capital of 340,750,000 shares as at the date of this notice.

Mr Lee Wan Tang is deemed interested in the shares held by Nautical International Holdings Ltd

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