TIDMKCT

RNS Number : 8648T

Kin and Carta PLC

30 March 2021

30 March 2021

Kin and Carta plc

Additional listing

Kin and Carta plc (the "Company" or "Kin and Carta") announces that, pursuant to its acquisition of Spiremedia, Inc. (doing business as Kin and Carta Denver), as announced on 22 November 2019 and 27 November 2019, an application has been made to the Financial Conduct Authority ("FCA") for the admission of a further 3,608,707 ordinary shares of 10p each to the premium listing segment of the Official List and to the London Stock Exchange for admission to trading on its main market for listed securities, relating to the second deferred consideration for Spiremedia, Inc (the "Consideration Shares").

The Consideration Shares are issued pursuant to the Stock Purchase Agreement between the Company and the vendors of Spiremedia, Inc. and rank pari passu with the existing issued ordinary shares of the Company. 2,311,944 of the Consideration Shares are subject to lock-up and orderly market arrangements.

It is expected that admission of the Consideration Shares will become effective on 31 March 2021.

In accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6.1R, following this issue, Kin and Carta's issued share capital consists of 172,544,972 ordinary shares. The Company holds 90,637 ordinary shares in treasury. Therefore, the total number of voting rights (one vote per ordinary share) in Kin and Carta plc is 172,454,335. Shareholders may use this figure 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, Kin and Carta under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 
 Kin + Carta 
  J Schwan CEO                        +44 (0) 20 7928 
  Chris Kutsor CFO                          8844 
 Powerscourt                         +44 (0) 7970 246 
  Elly Williamson / Jack Shelley            725 
 Numis Securities Limited 
  Nick Westlake / Matt Lewis        +44 (0)207 260 1345 
 Peel Hunt LLP                        +44 (0) 20 7418 
  Edward Knight / John Welch                8900 
 

About Kin and Carta

Kin + Carta is a responsible and growing global digital technology services company delivering outcome-based transformation across four key elements of the digital transformation value chain; data, technology, experience, and organisational change.

To serve and scale within the rapidly growing digital transformation market, Kin + Carta is structured as a platform-based organisation that enables the borderless connection of three valuable schools of specialist talent:

-- Kin + Carta Advise - Digitally native management consultancy. Our sector-focused consultants help the C-Suite better understand the shifts in their market and how their products and services need to evolve.

-- Kin + Carta Create - Modern cloud, data and software engineering studio. Our 800+ data scientists, software engineers and designers utilise emerging technologies to create new products and platforms for our CIO clients.

-- Kin + Carta Connect - Data-driven marketing technology agency. Our MarTech experts help our CMO clients amplify their digital investments by implementing and optimising modern marketing technology and data platforms.

Headquartered in London and Chicago, Kin + Carta nurtures c1,500 engineers, strategists and designers within a maker-culture that serves the healthcare, financial services, B2B, consumer, agriculture and transportation sectors.

Kin + Carta is on the road to achieving B Corp certification for all its operating subsidiaries, meeting the highest standards of verified social and environmental performance, public transparency, and accountability to balance profit and purpose.

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March 30, 2021 02:00 ET (06:00 GMT)

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