Issue of Equity

Bigblu Broadband PLC

18 September 2024

 

Bigblu Broadband plc

("BBB" or the "Company")

Issue of Equity and Total Voting Rights

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast broadband services, announces that, following an exercise of options by a former employee, it has issued and allotted 163,873 new ordinary shares of 15 pence each in the Company ("Ordinary Shares"). Application will be made for these new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on or around 24 September 2024.

Total Voting Rights

The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following the exercise of the options, the Company's issued share capital consists of 58,715,360 Ordinary Shares. Accordingly, the figure of 58,715,360 may 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 Guidance and Transparency Rules.

For further information

Bigblu Broadband Group PLC	www.bbb-plc.com
Frank Waters, Chief Executive Officer	www.bbb-plc.com
Cavendish Capital Markets Limited (Nomad and Broker) Marc Milmo / Simon Hicks (Corporate Finance) Tim Redfern / Harriet Ward (ECM)	Tel: [phone]

About BBB

Bigblu Broadband plc (AIM: BBB.L), is a market leading provider of alternative superfast and ultrafast broadband solutions throughout Australia. BBB delivers a portfolio of superfast and ultrafast wireless broadband products for consumers and businesses.

High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative ultrafast broadband services increases around the world.

BBB's range of solutions includes satellite, GEO and LEO, next generation fixed wireless and 4G/5G FWA delivering between 30 Mbps and 500Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers with a full range of services including hardware supply, installation, pre-and post-sale support, billings, and collections, whilst offering appropriate tariffs depending on each end user's requirements.

Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for broadband services. BBB's alternative broadband offerings present a customer experience that is broadly similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart phones.

 

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