Epwin Group PLC Issue of Shares - earnout consideration Stormking (8713I)
June 22 2017 - 5:00AM
UK Regulatory
TIDMEPWN
RNS Number : 8713I
Epwin Group PLC
22 June 2017
Epwin Group Plc
Issue of Shares - earnout consideration Stormking Plastics
Limited (trading as "Stormking")
Epwin Group plc ("Epwin", "Group", "Company"), the vertically
integrated manufacturer of low maintenance building products,
supplying the Repair, Maintenance, Improvement ("RMI"), new build
and social housing sectors, announces that the earnout
consideration payable in respect of the December 2015 acquisition
of Stormking Plastics Limited, trading as "Stormking", has been
agreed at GBP2,138,926, GBP1,604,194.56 payable in cash and
GBP534,731.52 in shares. As a result, the Company will issue
460,019 ordinary shares of 0.05p each at a price of 116.24 pence
per share.
The earnout consideration shares will be credited as fully paid
and will rank pari passu in all respects with the existing ordinary
shares of 0.05 pence each in the capital of the Company in issue.
The earnout consideration shares are subject to a lock-in
arrangement under which the Company must agree to any sale of these
shares for a period of six months from date of issue.
Application will be made for the newly issued shares to be
admitted to trading on AIM, and admission is expected to take place
on 28 June 2017. Following admission, the Company's issued share
capital will consist of 142,918,762 ordinary shares. There are no
ordinary shares held in treasury. Therefore, in accordance with the
FCA's Disclosure and Transparency Rule 5.6.1, the Company confirms
that following Admission, the total number of voting rights in the
Company will be 142,918,762.
Contact information
Epwin Group Plc
Jon Bednall, Chief Executive
Chris Empson, Group Finance
Director 0203 128 8100
Zeus Capital Limited (Nomad
and Joint Broker)
Nick Cowles / Andrew Jones
/ Jamie Peel 0161 831 1512
John Goold / Dominic King 0203 829 5000
Panmure Gordon (UK) Limited
(Joint Broker)
Erik Anderson / Andrew
Potts
0207 886 2500
MHP Communications
Charlie Barker / Rossina
Garcia Izaguirre 0203 128 8100
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLIFETRAIFFID
(END) Dow Jones Newswires
June 22, 2017 05:00 ET (09:00 GMT)
Epwin (LSE:EPWN)
Historical Stock Chart
From Apr 2024 to May 2024
Epwin (LSE:EPWN)
Historical Stock Chart
From May 2023 to May 2024