Premier Technical Services Grp PLC Issue of Equity (5206V)
January 31 2017 - 2:00AM
UK Regulatory
TIDMPTSG
RNS Number : 5206V
Premier Technical Services Grp PLC
31 January 2017
31 January 2017
Premier Technical Services Group plc
("PTSG" or the "Company")
Issue of Equity
PTSG, the niche specialist services provider, announces that it
has received notification from N+1 Singer of the exercise of the
remaining 400,000 Warrants to subscribe for Ordinary Shares, as set
out in the Company's AIM admission document. Consequently, the
Company has issued 400,000 ordinary shares of 1 penny each at the
Placing Price of 52 pence per share.
PTSG also announces that it has issued 476,758 ordinary shares
of 1 penny each to the vendor of Acescott Management Services Ltd,
the specialist cleaning business acquired in July 2014, in relation
to part settlement of initial guaranteed deferred consideration for
the acquisition, as set out in the Company's AIM admission
document.
In relation to the above, an application has been made to the
London Stock Exchange for 876,758 new ordinary shares, which rank
pari passu with the existing ordinary shares, to be admitted to
trading on AIM on or around 3 February 2017.
In accordance with the FCA's Disclosure and Transparency Rules,
following this allotment, the Company's issued share capital
consists of 89,279,292 Ordinary Shares. The Company does not hold
any Ordinary Shares in Treasury.
The figure of 89,279,292 Ordinary Shares should 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.
Defined terms in this announcement have the same meaning as in
the Company's AIM admission document dated 5 February 2015, which
is available on the Company's website: www.ptsg.co.uk.
Enquiries:
PTSG +44 (0)1977 668 771
Paul Teasdale, Chief Executive Officer
Numis Securities +44 (0)20 7260 1000
Stuart Skinner / Kevin Cruickshank / Michael Burke
Hudson Sandler +44 (0)20 7796 4133
Cat Valentine / Jocelyn Spottiswoode
About PTSG - www.ptsg.co.uk
PTSG is the UK's leading provider of façade access and fall
arrest equipment services, lightning protection and electrical
testing, high-level cleaning and training solutions.
Operating through four divisions, Access & Safety,
Electrical Services, High Level Cleaning and Training Solutions,
the Group provides highly-engineered industrial products and
quality services and has a substantial presence in a number of
niche markets.
PTSG provides a central information service for its businesses
and champions the dissemination of key information and best
practice. PTSG unites its constituent businesses under one clear
identity, which supports smarter working and delivers top class
service to its customers.
Headquartered in Castleford, West Yorkshire, the Group employs
more than 450 people across 17 UK sites, who service more than
150,000 buildings across the whole of the UK for over 12,500
customers in a wide range of industries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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