On the Beach Group PLC Application for Listing (0387Y)
August 16 2018 - 6:16AM
UK Regulatory
TIDMOTB
RNS Number : 0387Y
On the Beach Group PLC
16 August 2018
16 August 2018
On the Beach Group plc
("On the Beach", "OTB" or the "Group")
Application for listing
On The Beach Group plc ("OTB" or the "Company") announces that
an application has been made for 607,747 of its ordinary shares of
1 penny each to be admitted to the premium listing segment of the
Official List of the Financial Conduct Authority and to be admitted
to trading on the main market for listed securities of The London
Stock Exchange plc (together "Admission"). Such ordinary shares
shall, when issued, rank pari passu with the existing issued
ordinary shares of OTB. It is expected that Admission will take
place at 8:00 a.m. on 21 August 2018.
The shares are being issued in connection with the acquisition
of Classic Collection Holidays Limited as announced on 16 August
2018. In order to effect the issue of shares, the Company intends
to use the authorities granted to it at its Annual General Meeting
held on 8 February 2018 which enable it to issue up to 5% of its
issued share capital on a non pre-emptive basis in connection with
financing a transaction which the Board of the Company determines
to be an acquisition or specified capital investment, as
contemplated by the Statement of Principles published by the
Pre-Emption Group.
Following Admission, the total number of shares of the Company
in issue will be 131,042,510. OTB currently holds no shares as
treasury shares and therefore, following Admission, the total
number of voting shares in the Company will be 131,042,510.
The total voting rights figure of 131,042,510 ordinary shares
may be used by shareholders and others with notification
obligations as the denominator for the calculations by which they
will determine whether they are required to notify their interest
in, or a change to their interest in, OTB under the FCA's
Disclosure Guidance and Transparency Rules.
This announcement is made in accordance with Listing Rule
3.2.
For further information:
On the Beach Group plc c/o FTI Consulting
Simon Cooper, Chief Executive Officer
Paul Meehan, Chief Financial Officer
FTI Consulting Tel: +44 (0)20 3727
Jonathon Brill 1000
Alex Beagley
Fiona Walker
Charlotte Cobb
About On the Beach
With over 20% share of online sales in the short haul beach
holiday market, we are one of the UK's largest online beach holiday
retailers. We have significant opportunities for growth and a
long-term mission to become Europe's leading online retailer of
beach holidays. By using our innovative technology, low-cost base
and strong customer-value proposition to provide a structural
challenge to legacy tour operators and travel agents, we continue
our journey to disrupt the online retail of beach holidays. Our
model is customer-centric, asset light, profitable and cash
generative.
www.onthebeachgroupplc.com
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ALSUNARRWUAWAAR
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