Majestic Wine PLC Issue of Equity (2365D)
April 25 2017 - 10:30AM
UK Regulatory
TIDMWINE
RNS Number : 2365D
Majestic Wine PLC
25 April 2017
For Immediate Release 25 April 2017
Majestic Wine PLC
("Majestic")
Issue of Equity
Following the acquisition of Naked Wines on 10 April 2015, the
Board of Majestic Wine PLC are satisfied that Return on Investment
performance conditions relating to the deferred contingent
consideration for the first year of the acquisition earn-out period
have been met in full.
As a result, application has been made for 434,115 new ordinary
shares of 7.5p each in the Company ("Ordinary Shares") to be
admitted to trading on AIM. It is expected admission will take
place on 26 April 2017.
The new Ordinary Shares will rank pari passu with the Company's
existing Ordinary Shares. Following allotment of the new Ordinary
Shares, the total issued share capital of the Company will consist
of 71,232,377 Ordinary Shares with one voting right per share. The
Company does not hold any Ordinary Shares in Treasury. Therefore,
the total number of voting rights in the Company is 71,232,377.
The above figure 71,232,377 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, Majestic Wine PLC under the FCA's Disclosure and
Transparency Rules.
For further information, please contact:
Majestic Wine PLC Tel: 01923 298 200
Rowan Gormley, Chief Executive Tel: 07891 206239
Officer gabby.clinkard@majestic.co.uk
James Crawford, Chief Financial
Officer
Gabriella Clinkard, Public & Investor
Relations
Investec (NOMAD & Joint Broker) Tel: 0207 597 5970
Garry Levin / David Flin / David
Anderson/Carlton Nelson
Liberum (Joint Broker) Tel: 020 3100 2222
Peter Tracey / Anna Hartropp /
Richard Bootle
This information is provided by RNS
The company news service from the London Stock Exchange
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