Shearwater Group PLC Additional consideration shares (4517B)
June 07 2019 - 2:00AM
UK Regulatory
TIDMSWG
RNS Number : 4517B
Shearwater Group PLC
07 June 2019
7 June 2019
SHEARWATER GROUP PLC
("Shearwater", or the "Company")
Additional consideration shares
Issue of equity
Shearwater Group plc (AIM: SWG), announces that pursuant to the
acquisition of GeoLang Holdings Limited announced on 4 April 2018,
it has issued and allotted 14,388,567 additional new ordinary
shares of 1 pence each in the capital of the Company to the GeoLang
sellers. These shares have been issued on account of the additional
consideration provisions triggered by the share price performance
criteria set out in the sale and purchase agreement.
Application has been made for the 14,388,567 new ordinary shares
to be admitted to trading on AIM, which is expected to take place
on 13 June 2019. The new ordinary shares will rank pari passu with
the existing ordinary shares in issue.
Total Voting Rights
In accordance with the provisions of the Disclosure, Guidance
and Transparency Rules of the Financial Conduct Authority, the
Company confirms that, following admission, its issued share
capital will comprise 2,210,645,984 ordinary shares of 1p each,
none of which are held in treasury. Accordingly, the total number
of voting rights in the Company will therefore be 2,210,645,984 on
admission.
Enquiries:
Shearwater Group plc www.theshearwatergroup.co.uk
David Williams c/o Instinctif Partners
Phil Higgins
Cenkos Securities plc - NOMAD
and Broker
Max Hartley / Giles Balleny
- NOMAD
Julian Morse / Michael Johnson
- Sales +44 (0) 20 7397 8900
Instinctif Partners shearwater@instinctif.com
Adrian Duffield / Chantal Woolcock +44 (0) 20 7457 2815
Note to Editors
Shearwater Group plc is an award-winning digital resilience
group that provides cyber security and managed security services to
help assure and secure businesses in a connected global
economy.
The Group's comprehensive cyber security solutions and services
maintain trust between users, provide assurance around the
protection of information assets and critical infrastructure, and
support organisations' operational effectiveness. Its capabilities
include identity and access management and data security, cyber
security solutions and managed security services, and security
governance, risk and compliance.
The Group is headquartered in the UK with offices in the US, UK
and Europe, serving customers across the globe who are active in a
broad spectrum of industries.
Shearwater shares are listed on the London Stock Exchange's AIM
under the ticker "SWG". For more information, please visit
www.theshearwatergroup.co.uk.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ALSCKADQABKDFAK
(END) Dow Jones Newswires
June 07, 2019 02:00 ET (06:00 GMT)
Shearwater (LSE:SWG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Shearwater (LSE:SWG)
Historical Stock Chart
From Jul 2023 to Jul 2024