SpaceandPeople PLC Share Consolidation Update (3853O)
June 10 2022 - 1:00AM
UK Regulatory
TIDMSAL
RNS Number : 3853O
SpaceandPeople PLC
10 June 2022
SpaceandPeople plc
("SpaceandPeople" or the "Company")
Share consolidation update
SpaceandPeople (AIM:SAL) the retail, promotional and brand
experience specialist, is pleased to announce the following update
on the Company's share consolidation, following the announcement
released on the 8 June 2022.
On 7 June 2022 at the Company's annual general meeting
shareholders approved the consolidation of the Company's ordinary
share capital resulting in every 10 existing ordinary shares of 1
pence each ("Existing Ordinary Shares") being consolidated into 1
new ordinary share of 10 pence each ("New Ordinary Shares"),
(together, the "Share Consolidation")
The Company confirms that application has been made for
1,951,957 New Ordinary Shares to be admitted to trading on AIM
("Admission") and it is expected that Admission will occur on 13
June 2022.
Upon Admission, the Company's issued share capital will consist
of 1,951,957 New Ordinary Shares with one voting right each. The
Company does not hold any ordinary shares in treasury. Therefore,
the total number of ordinary shares and voting rights in the
Company will be 1,951,957. With effect from Admission, this figure
may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
Further details of the Share Consolidation are set out
below:
Conversion ratio of Existing Ordinary 10 Existing Ordinary Shares
Shares : 1 New Ordinary Share
Number of Existing Ordinary Shares
in issue as at the date of this
document 19,519,563
Number of Existing Ordinary Shares
expected to be in issue immediately
prior to the Consolidation[1] 19,519,570
Number of New Ordinary Shares expected
to be in issue following the Consolidation 1,951,957
Nominal value of New Ordinary Shares GBP0.10
following the Consolidation
ISIN for the New Ordinary Shares GB00BPQDJM21
SEDOL for the New Ordinary Shares BPQDJM2
Expected restoration of the Company's 7.30am on 13 June 2022
shares to trading on AIM
Expected date of Admission of New 8.00am on 13 June 2022
Ordinary Shares
Expected date CREST accounts are 13 June 2022
to be credited with the New Ordinary
Shares in uncertificated form
Expected date for despatch of definitive by no later than 22 June
certificates for New Ordinary Shares 2022
in certificated form
[1] Comprises the 19,519,563 Existing Ordinary Shares in issue
as at the date hereof and the 7 additional ordinary shares to be
issued prior to the Consolidation.
Enquiries
SpaceandPeople plc
Nancy Cullen, Gregor Dunlay 0845 241 8215
Zeus (Nominated Adviser and Broker)
David Foreman, Jamie Peel 020 3829 5000
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFLFLRRSIAIIF
(END) Dow Jones Newswires
June 10, 2022 02:00 ET (06:00 GMT)
Spaceandpeople (AQSE:SAL.GB)
Historical Stock Chart
From Nov 2024 to Dec 2024
Spaceandpeople (AQSE:SAL.GB)
Historical Stock Chart
From Dec 2023 to Dec 2024