Venture Life Group PLC Issue of Equity (0161M)
October 07 2016 - 6:10AM
UK Regulatory
TIDMVLG
RNS Number : 0161M
Venture Life Group PLC
07 October 2016
7 October 2016
Venture Life Group plc
("Venture Life" or the "Company")
Issue of Equity
Venture Life (AIM: VLG), the international consumer self-care
group focused on developing, manufacturing and commercialising
products for the ageing population, announces that it is issuing
5,000 new 0.3p Venture Life Group plc ordinary shares ("New
Ordinary Shares") to Vantage Link Limited ("Vantage Link"). This
issue of the New Ordinary Shares is pursuant to an agreement
entered into between the Company and Vantage Link in November 2013,
as described in paragraph 10.7 of Part IX of the Company's
Admission Document, which provided for Vantage Link to be issued
with a pre-determined number of new Ordinary Shares at par value
following both the signing of the 30 year distribution agreement
(the "Agreement") between Venture Life and Gialen Group Co. Limited
("Gialen"), as announced by the Company in January 2015, and the
achievement of more than EUR400,000 of revenue by Venture Life from
the Agreement being fulfilled by the Company. Vantage Link had
previously introduced Venture Life to Gialen. No further issues of
equity to Vantage Link are anticipated under the existing agreement
between the Company and Vantage Link.
The New Ordinary Shares will be allotted and issued, credited as
fully paid and will be identical to and will rank pari passu with
the Company's existing Ordinary Shares. Application has been made
to the London Stock Exchange for the New Ordinary Shares to be
admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and that dealings will commence at
8.00 a.m. on Thursday 13 October 2016.
The total issued share capital of the Company will increase
accordingly from 36,832,106 Ordinary Shares to 36,837,106 Ordinary
Shares. The total number of voting rights in the Company is
therefore 36,837,106. This 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 FCA's Disclosure and
Transparency Rules.
For further information, please contact:
Venture Life Group PLC +44 (0) 1344 742870
Jerry Randall, Chief Executive
Officer
James Hunter, Chief Financial Officer
Panmure Gordon (UK) Limited (Nominated +44 (0) 20 7886
Adviser and Joint Broker) 2500
Freddy Crossley/Peter Steel/Duncan
Monteith (Corporate Finance)
Tom Salvesen (Corporate Broking)
Turner Pope Investments (TPI) Ltd +44 (0) 20 3621
(Joint Broker) 4120
James Pope/Ben Turner
Walbrook PR venturelife@walbrookpr.com
or
+44 (0)20 7933 8780
Paul McManus/Anna Dunphy +44 (0) 7980 541 994 / +44
(0) 7876 741 001
This information is provided by RNS
The company news service from the London Stock Exchange
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