Marlowe PLC Issue of Equity (0807B)
January 05 2018 - 3:19AM
UK Regulatory
TIDMMRL
RNS Number : 0807B
Marlowe PLC
05 January 2018
5 January 2018
Marlowe plc
("Marlowe" the "Company")
Issue of Equity
The Company announces that, following successful achievement of
earn-out targets by Ductclean (UK) Limited ("Ductclean") for the
year ended 30 September 2017, application has been made for 124,997
new ordinary shares of 50 pence each in the capital of the Company
("Ordinary Shares") to be admitted to trading on AIM. The new
Ordinary Shares will be issued to the management team of Ductclean
and will rank pari-passu with existing ordinary shares. The new
Ordinary Shares are subject to a lock-up period of up to 60 months
from the date of acquisition of Ductclean (31 July 2017), with
orderly market conditions attached after this period. It is
expected that admission will occur at 8.00 a.m. on 11 January
2018.
Following Admission the Company's issued ordinary share capital
will comprise 34,517,425 Ordinary Shares, of which none are held in
treasury. Therefore, the total number of Ordinary Shares with
voting rights in in the Company following Admission will be
34,517,425.
The above figure of 34,517,425 may be used by shareholders 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 FCA's Disclosure Guidance
and Transparency Rules.
Marlowe plc
Alex Dacre, Chief Executive Tel: +44 (0) 203
813 8498
IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser and
Broker)
Nicholas Wells, Elizabeth Tel: +44 (0)20 7397
Bowman 8900
FTI Consulting
Nick Hasell, Alex Le May Tel: +44 (0)20 3727
1340
This information is provided by RNS
The company news service from the London Stock Exchange
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