Next Fifteen Comm Additional Listing
June 08 2018 - 1:00AM
UK Regulatory
TIDMNFC
8 June 2018
Next Fifteen Communications Group plc ("Next 15" or the
"Company")
Additional listing
Next 15 announces that application has been made to the London
Stock Exchange for 49,572 new ordinary shares of 2.5 pence each in
the Company ('Ordinary Shares') to be admitted to AIM.
The application is in respect of Ordinary Shares expected to be
issued as part of the deferred consideration payable in respect of
the Company's acquisition of the entire issued share capital of ODD
Communications Limited, a London-based digital agency specialising
in consumer-facing communications for fashion and lifestyle brands
(the "ODD Acquisition"), which was announced on 10 December
2015.
On 6 June 2018, Next 15 amended the terms of the ODD
Acquisition, bringing forward certain payments in respect of
deferred consideration. The payment of the deferred consideration
has been brought forward (from the original payment date of 2021),
in order to enable a long-term incentive plan for key ODD
management to be implemented. All outstanding deferred
consideration payable remains subject to the original undisclosed
cap.
Application has been made to the London Stock Exchange for the
new Ordinary Shares to be admitted to AIM and it is expected that
admission will take place on 13 June 2018. Following the issue and
allotment of the new Ordinary Shares as described above, the
Company will have 78,364,508 Ordinary Shares in issue. No shares
are held in treasury.
Enquiries:
Next Fifteen Communications Group plc
Peter Harris, CFO +44 (0)20 7908 6444
Investec Bank plc
Keith Anderson / Neil Coleman / Darren Vickers +44 (0) 20 7597 5970
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180607005959/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
June 08, 2018 02:00 ET (06:00 GMT)
Next Fifteen Communicati... (LSE:NFC)
Historical Stock Chart
From Apr 2024 to May 2024
Next Fifteen Communicati... (LSE:NFC)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Next Fifteen Communications Group Plc (London Stock Exchange): 0 recent articles
More Next Fifteen News Articles