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Utilico Emerging Market Utilities Limited - Directors Dealings
Hamilton, Bermuda: April 25, 2006 - Utilico Emerging Market Utilities Limited (UTILEMU.BH) announces that the following ordinary shares of 10p each in the Company ("Shares") have today been allotted to Directors in satisfaction of their remuneration for the quarter ended 31 march 2006, in accordance with their fee entitlements as detailed in the Company's Admission Document dated 14 July 2005:
| Director | Fee shares | Resultant | % | |||
| Allotted | shareholding | |||||
| A Zagoreos | 5,502 | 117,327 | 0.15 | |||
| J M Collier | 3,851 | 62,129 | 0.08 | |||
| K O'Connor | 3,851 | 87,129 | 0.12 | |||
Application has therefore been made for the admission to trading on AIM of 13,204 Shares ("Admission"). Upon Admission these Share will rank pari passu with the Company's existing issued ordinary shares and dealings are expected to commence on 2 May 2006. Application has also been made for listing on the Bermuda Stock Exchange.
Following Admission the Company will have 75,083,980 Share and 15,000,847 Warrants to subscribe for Shares in issue.