Rathbones Group PLC Additional Listing (6005D)
October 20 2022 - 9:45AM
UK Regulatory
TIDMRAT
RNS Number : 6005D
Rathbones Group PLC
20 October 2022
20 October 2022
Rathbones Group Plc (the "Company")
LEI: 213800MBTHM6UE8ZQP29
Additional Listing
Further to the announcements on 23 June 2021 and 21 October 2021
regarding the acquisition of Saunderson House, Rathbones confirms
that it has paid the deferred consideration of GBP14.9m to funds
advised by Epiris LLP and the management and employees of
Saunderson House. This comprised GBP10.9m in cash and 211,767 new
ordinary shares in Rathbones equating in value to GBP4.0m at a
fixed share price of GBP19.13 (the average price over the ten-day
period prior to 21 June 2021).
Accordingly, applications have been made to the FCA and the
London Stock Exchange for 211,767 new ordinary shares (the
"Deferred Consideration shares") to be admitted to the premium
listing segment of the Official List and to trading on the Main
Market (together, Admission"). It is expected that Admission of the
Deferred Consideration shares will become effective, and dealings
will commence at 8.00 a.m. on 26 October 2022. The 211,767 new
ordinary shares will rank pari passu with the existing issued
shares of Rathbones.
Following Admission of the Deferred Consideration shares,
Rathbones will have 63,366,587 ordinary shares of 5p each in issue.
This number represents the total voting rights in the Company and
may be used by shareholders as the denominator for the calculations
by which they can determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
For further information please contact:
Ali Johnson
Company Secretary
Telephone: 0207 399 0326
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