25/11/2009

Director Dealing and Placing of Shares 

Eruma plc, the AIM traded specialist provider of counter terrorism, intruder prevention products and intelligent lighting is pleased to announce that it has placed 4,301,587 ordinary shares of 1 pence each in the Company (‘Shares’) with two suppliers and two Directors of the Company. The suppliers have taken equity for services in lieu of fees, while the directors have subscribed for shares, which will further strengthen the Company’s balance sheet.

Accordingly, Wayne Money, Chief Executive Officer, has today subscribed for 1,777,778 Shares at a price of 1.125 pence per share and now holds in total 15,425,773 Shares, representing approximately 8.0 per cent of the total voting rights in the Company. Alan Davis, Group Sales and Marketing Director, has today subscribed for 1,111,111 Shares at a price of 1.125 pence per share and now holds in total 1,468,751 Shares, representing approximately 0.8 per cent of the total voting rights in the Company. The two suppliers subscribed on 18 November 2009 for a total of 1,412,698 Shares, 555,000 shares at 1.125p and 857,698 shares at 1.75p, representing a significant premium to the current share price.Eruma Chairman, David Alexander said, "We are delighted that the confidence in our business within our industry is such that suppliers are electing to invest in our future by taking equity in return for services. Directors’ investments are always welcome as it underpins their commitment and belief in the business and our future."The shares are expected to be admitted to trading on AIM on 30 November 2009. Following this placing the total issued share capital of the Company will be 192,562,392. The Company holds no Shares in treasury. Therefore, following the placing, the total number of voting rights in the Company will be 192,562,392. 

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