1Spatial Plc Posting of Circular & Related Party Transactions (2305W)

TIDMSPA

RNS Number : 2305W

1Spatial Plc

31 July 2018

THIS ANNOUNCEMENT IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR WITHIN AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, NEW ZEALAND OR THE UNITED STATES OR IN TO ANY OTHER JURISDICTION WHERE SUCH AN ANNOUNCEMENT WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SHARES OR OTHER SECURITIES OF 1SPATIAL PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

CAPITALISED TERMS USED IN THIS ANNOUNCEMENT SHALL HAVE THE SAME MEANING AS IN THE ANNOUNCEMENT HEADED 'LAUNCH OF PLACING VIA ACCELERATED BOOKBUILD' RELEASED ON 26 JULY 2018.

31 July 2018

1SPATIAL PLC

("1Spatial", the "Company" or the "Group")

Posting of Circular and Related Party Transactions

1Spatial plc, the global geospatial software and solutions company, confirms that in connection with its proposed Placing to raise GBP8 million (net of fees and expenses) and Share Consolidation, it will today post a circular, including the Notice of General Meeting (the "Circular"), to Shareholders. A copy of the Circular will be available to download from the Company's website shortly.

The General Meeting will be held at 10 a.m. on 20 August 2018 at the offices of N+1 Singer, 1 Bartholomew Lane, London EC2N 2AX, at which the Resolution will be proposed. A Form of Proxy for use at the General Meeting accompanies the Circular. The Form of Proxy should be completed and signed in accordance with the instructions thereon and returned to the Company's registrar, Link Asset Services, as soon as possible, but in any event so as to be received by no later than 10 a.m. on 16 August 2018. The completion and return of a Form of Proxy will not preclude Shareholders from attending the General Meeting and voting in person should they so wish.

Related Party Transactions

The following Shareholders who each hold, as at the date of the Circular, directly or indirectly, 10 per cent. or more of the Existing Ordinary Shares are participating in the Placing at the Placing Price:

 
                                            As at the date of             Immediately following 
                                               the Circular                     Admission 
                                     ------------------------------  ------------------------------ 
                                            Number                          Number       Percentage 
                                       of Ordinary       Percentage    of Ordinary      of enlarged 
                                            Shares        of voting         Shares           voting 
                                              held    share capital           held    share capital 
 
 Columbia Threadneedle Investments     115,422,820            15.18     14,779,616            14.97 
 Hargreave Hale                        112,541,283            14.80     13,840,795            14.02 
 Azini Capital Partners                 94,731,819            12.46     12,286,115            12.45 
 Legal & General Investment 
  Management                            78,178,972            10.28     10,431,715            10.57

The respective participations in the Placing by the Shareholders listed above each constitute a related party transaction for the purposes of the AIM Rules. The Directors consider, having consulted with the Company's nominated adviser, N+1 Singer, that the terms of the Placing with each of Columbia Threadneedle Investments, Hargreave Hale, Azini Capital Partners and Legal & General Investment Management are fair and reasonable insofar as the Shareholders are concerned.

ENQUIRIES:

 
 1Spatial plc 
 Claire Milverton / Andy Roberts    01223 420 414 
 
 N+1 Singer 
 Shaun Dobson / Lauren Kettle       020 7496 3060 
 
 FTI Consulting 
 Dwight Burden / Alex Le May        020 3727 1000

LEI Code: 213800VG7OZYQES6PN67

About 1Spatial

1Spatial is a software solutions provider and global leader in managing geospatial data. We work with our clients to deliver real value by making data current, complete and consistent through the use of automated processes - ensuring that decisions are always based on the highest quality information available.

Our unique, rules-based approach delivers enterprise-scale, cross-platform, automation to all stages of the data lifecycle. It builds confidence in the data while reducing the time and cost of stewardship. Our global clients include national mapping and land management agencies, utilities, transportation organisations, government departments, emergency services, defence and census bureaus.

A leader in our field, we have a wealth of experience and a record of continual innovation and development. We partner with some of the leading technology vendors including, Esri and Oracle.

For more information visit www.1spatial.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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