Utilitywise plc Issue of Equity and Notice of AGM (1674T)
November 15 2013 - 6:53AM
UK Regulatory
TIDMUTW
RNS Number : 1674T
Utilitywise plc
15 November 2013
Utilitywise plc
("Utilitywise" or the "Company")
Issue of Equity & Notice of AGM
Utilitywise (AIM:UTW), a leading independent utility cost
management consultancy, announces that it has made application for
the admission to trading on AIM ("Admission") of 253,290 new
ordinary shares of 0.1 pence each in the capital of the Company
("Ordinary Shares"), issued today in part settlement of deferred
consideration due on the acquisition of Clouds Environmental
Consultancy Limited, as announced on 1 October 2013, and after the
achievement of certain EBITDA targets.
The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares currently in issue. It is expected that Admission
will occur and dealings in the new Ordinary Shares will commence on
21 November 2013.
Following Admission, Utilitywise will have 72,278,034 Ordinary
Shares in issue. There are no Ordinary Shares held in treasury and
so the total number of voting rights in the Company will be
72,278,034. The above figure 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 Financial Conduct Authority's
Disclosure and Transparency Rules.
Separately, the Company announces that it has posted to
shareholders a Notice of Annual General Meeting ("Notice"), which
will take place at 10.00 a.m. on Tuesday 10 December 2013 at the
offices of finnCap Limited, 60 New Broad Street, London, EC2M 1JJ.
A copy of the Notice is also available on the Company's website at
www.utilitywise.com.
For further information:
Utilitywise PLC 0870 626 0559
Geoff Thompson, CEO
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode / Charlotte Stranner / Henrik Persson
(Corporate Finance)
Simon Johnson (Corporate Broking)
Newgate Threadneedle 020 7653 9850
Josh Royston / John Coles / Hilary Millar
About Utilitywise
Utilitywise is a leading independent utility cost management
consultancy based in South Shields, Tyne and Wear with offices in
Portsmouth, Redditch, Leicester and Bury St Edmunds. The company
has established trading relationships with a number of major UK
energy suppliers and provides services to its customers designed to
assist them in achieving better value out of their energy
contracts, reduced energy consumption and lower carbon
footprint.
Businesses large and small rely on Utilitywise for their energy
management needs. Clients range in size from single site SME's to
multinationals with thousands of sites and cover the whole of the
UK. In total, Utilitywise manages over 67,000 energy meters which
have an overall energy consumption of approaching 16 terra watt
hours per annum.
Utilitywise is a UK company quoted on the AIM market of the
London Stock Exchange. For more information, please visit
www.utilitywise.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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