discoverIE Group plc Issue of Equity & Total Voting Rights (0909J)
April 07 2020 - 7:45AM
UK Regulatory
TIDMDSCV
RNS Number : 0909J
discoverIE Group plc
07 April 2020
7 April 2020
discoverIE Group plc ("discoverIE", the "Company")
Issue of Equity & Total Voting Rights
discoverIE Group plc (LSE: DSCV, "discoverIE" or the "Group"), a
leading international designer, manufacturer and supplier of
customised electronics to industry, announces that an application
has been made for admission of 750,000 shares (the "New Ordinary
Shares") to the premium listing segment of the Official List of the
Financial Conduct Authority (the "FCA") and to trading on the main
market of the London Stock Exchange (together "Admission"). It is
expected that Admission will take place at 8.00 a.m. on 15 April
2020. The New Ordinary Shares will be issued to the Company's
Employee Benefit Trust to satisfy, inter alia, exercises of awards
under option. None of the Directors or PDMRs of the Company are
exercising any such awards at the present time.
Total voting rights
Following Admission becoming effective, the Company's issued
share capital will consist of 89,455,915 ordinary shares with
voting rights. Therefore, the total number of voting rights in the
Company will be 89,455,915. 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 Company under the
disclosure guidance issued by the FCA and the transparency rules
made by the FCA under section 89A(1) of the Financial Services and
Markets Act 2000, as amended ("FSMA") (together, the "Disclosure
Guidance and Transparency Rules").
Contacts
For further information please contact:
discoverIE 01483 544 500
Nick Jefferies, Group Chief Executive
Simon Gibbins, Group Finance Director
Instinctif (Financial PR) 020 7457 2020
Mark Garraway
James Gray
Notes to Editors:
About discoverIE Group plc
discoverIE Group plc is an international group of businesses
that designs, manufactures and supplies innovative components for
electronic applications.
The Group provides application-specific components to original
equipment manufacturers ("OEMs") internationally. By designing
components that meet customers' unique requirements, which are then
manufactured and supplied throughout the life of their production,
a high level of repeating revenue is generated with long term
customer relationships.
By focusing on key markets driven by structural growth and
increasing electronic content, namely renewable energy,
transportation, medical and industrial & connectivity, the
Group aims to achieve organic growth that is well ahead of GDP and
to supplement that with targeted complementary acquisitions.
The Group employs c.4,500 people and its principal operating
units are located in Continental Europe, the UK, China, Sri Lanka,
India and North America.
The Group is listed on the Main Market of the London Stock
Exchange and is in the top quartile of the FTSE Small Cap Index,
classified within the Electrical Components and Equipment
subsector, and has revenues of over GBP400m. Over the last five
years, revenue and underlying earnings per share have both more
than doubled.
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
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April 07, 2020 08:45 ET (12:45 GMT)
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