Xpediator PLC Issue of Equity (8416Q)
June 08 2018 - 11:15AM
UK Regulatory
TIDMXPD
RNS Number : 8416Q
Xpediator PLC
08 June 2018
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
8 June 2018
Xpediator Plc
("Xpediator" or the "Group")
Issue of Equity
Xpediator, (AIM: XPD) a leading provider of freight management
services across the UK and Europe, announces that pursuant to the
acquisition of Easy Managed Transport Limited ("EMT"), as described
in the Group's admission document dated 8 August 2017, a deferred
consideration payment of GBP1,074,626 million, based on the results
of EMT for the twelve month period to 28 February 2018, has become
payable to the vendors of EMT, Michael Mehmet and his wife, Paula
Mehmet. The deferred consideration payment will be settled by the
issue of 1,313,047 new ordinary shares in the Group to Michael
Mehmet and the issue of 414,647 new ordinary shares in the Group to
Paula Mehmet (the "Deferred Consideration Shares").
Details of the Deferred Consideration Shares
Application has been made for the Deferred Consideration Shares,
which will rank pari passu with the existing ordinary shares of 5
pence each in the Group ("Ordinary Shares"), to be admitted to
trading on the AIM market of the London Stock Exchange
("Admission"). It is expected that Admission will occur at 8.00am
on or around 13 June 2018.
Michael and Paula Mehmet have agreed not to dispose of the
Deferred Consideration Shares for a period of twelve months from
the date of issue without the prior consent of the Company's
nominated adviser and joint broker, SP Angel Corporate Finance LLP,
and the Company's joint broker, Cantor Fitzgerald Europe.
Total Voting Rights
Following Admission, the Group's issued ordinary share capital
will comprise 119,158,838 Ordinary Shares and may be used by
shareholders in the Group as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Group under the FCA's Disclosure and Transparency Rules.
Xpediator plc Tel: +44 (0)330
043 2395
Stephen Blyth, Chief Executive Email: info@xpediator.com
Officer
Richard Myson, Chief Financial
Officer
SP Angel Corporate Finance LLP Tel: +44 (0)20
(Nominated Advisor & Joint Broker) 3470 0470
Jeff Keating
Caroline Rowe
Cantor Fitzgerald Europe (Joint Tel: +44 (0)20
Broker) 7894 7000
David Foreman, Michael Boot (Corporate
Finance)
Caspar Shand Kydd, Alex Pollen
(Sales)
Novella Communications (Financial Tel: +44 (0)20
Public Relations) 3151 7008
Tim Robertson
Toby Andrews
About Xpediator:
Xpediator is a well-established international provider of
freight management services. Established in 1988 by CEO Stephen
Blyth, the Group's international network of offices provides road,
sea and air freight services, together with logistics and
warehousing in the UK and Romania. The business offers integrated
freight management within the supply chain logistics and fulfilment
sector, through its three main areas: freight forwarding, logistics
& warehousing and transport services. With headquarters in
Braintree, Essex and country offices in nine CEE countries across
31 sites, the Group currently employs 781 people and was
successfully admitted to London's AIM market in August 2017.
For more information, please visit: www.xpediator.com
Do follow us on Twitter at @Xpediator, or on LinkedIn at
Xpediator Plc, or alternatively find us on VoxMarkets using the
ticker "XPD".
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM:
1. Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------------------
a) Name: 1. Michael Mehmet
2. Paula Mehmet
--- -------------------------------- ----------------------------------------
2. Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status: 1. Founder of EMT and
Xpediator operating
board member
2. Wife of Michael
Mehmet
--- -------------------------------- ----------------------------------------
b) Initial notification/Amendment: Initial notification
--- -------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------------
a) Name: Xpediator plc
--- -------------------------------- ----------------------------------------
b) LEI: 213800XBOVDBT2HEC967
--- -------------------------------- ----------------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------------------
a) Description of the financial Ordinary shares of
instrument, type of 5 pence each
instrument:
Identification code: ISIN: GB00BF6P5V92
--- -------------------------------- ----------------------------------------
b) Nature of the transaction: Issue of deferred consideration
shares
--- -------------------------------- ----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
-------------- ------------------
1. 62.2 1. 1,313,047
pence
2. 62.2 2. 414,647
pence
-------------- ------------------
--- -------------------------------- ----------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ---------- ----------
62.2
pence 1,727,694
--- -------------------------------- ----------------------------------------
e) Date of the transaction: 8 June 2018
--- -------------------------------- ----------------------------------------
f) Place of the transaction: Off-market
--- -------------------------------- ----------------------------------------
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END
IOEUGUGUQUPRGAR
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