Acquisition and issue of shares

RNS Number : 9145E

Ebiquity PLC

13 February 2015

 



Ebiquity Plc

("the Company")

Acquisition and issue of shares

The Company recently announced the appointment of Dietmar Kruse as CEO of Continental Europe.  Mr Kruse was formerly CEO of Ebiquity Germany which he co-founded in 2008. 

The Company has elected to acquire Mr Kruse's minority interest in Ebiquity Germany in order to reflect Mr Kruse's wider responsibilities within the Ebiquity group and to align his equity interests with his new role. The Company is pleased to announce the completion of its acquisition of those shares.

Following this acquisition the Company's ownership of the issued share capital of Ebiquity Germany has increased from 85% to approximately 94%. The remaining balance of shares continues to be held by local management as co-founders.

The consideration has been satisfied by the issue to Mr Kruse of 966,413 new Ordinary Shares of 25 pence each in the Company ("Ordinary Shares"). Application has been made for the new Ordinary Shares to be admitted to AIM, with trading expected to commence on 19 February 2015 ("Admission"). Upon Admission, the shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

Michael Greenlees, CEO, commented:

"Dietmar has demonstrated great leadership and business acumen since joining Ebiquity and become a trusted advisor to some of our most important clients. I am delighted to be able to leverage his leadership across our European business and to bring more international experience to our Executive team."

Total voting rights

Following the issue of the new Ordinary Shares the Company's issued share capital consists of 76,753,112 Ordinary Shares and a total of 75,553,122 voting rights.

Note

The Ebiquity plc 2010 Employee Benefit Trust holds 4,200,000 issued Ordinary Shares to satisfy awards for the Company's senior management team. To date these awards have not been exercised and the trustee has agreed not to vote the Ordinary Shares held by it.  As such 4,200,000 Ordinary Shares are treated as not carrying voting rights for the purposes of the City Code on Takeovers and Mergers.

13 February 2015

Enquiries:

Ebiquity plc Michael Greenlees (CEO) Andrew Beach (CFOO) Instinctif Partners Matthew Smallwood Guy Scarborough	020 7650 9600 020 7457 2020
Numis Securities Limited Nick Westlake (NOMAD) David Poutney, James Serjeant (Corporate Broker)	020 7260 1000

 

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