Issue of shares

RNS Number : 1705D

Ebiquity PLC

25 March 2014

 



Ebiquity Plc

("the Company")

Issue of shares

Ebiquity, the international data-driven insights company, announces that it is in the final stages of merging its two French subsidiaries, FLE France and Ebiquity France.  The enlarged Ebiquity France will be majority-owned by Ebiquity, with a minority shareholding owned by the Directeur Général of the merged business (previously the Directeur Général of FLE France).

It is anticipated that the two subsidiaries will merge not later than 30 April 2014.

The Company announces that as part of this merger it has completed the acquisition of part of the minority shareholding from the Directeur Général.  The consideration has been satisfied by the issue to her of 102,981 new ordinary shares of 25 pence each in the Company ("Ordinary Shares").  The Directeur Général has undertaken not to sell the Ordinary Shares issued to her, subject to certain exceptions, for a period of two years.

Application has been made for the new Ordinary Shares to be admitted to AIM, with trading expected to commence on 31 March 2014 ("Admission"). Upon Admission, the shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

Total voting rights

The Company's issued share capital now consists of 75,491,111 Ordinary Shares and a total of 71,291,111 voting rights¹.

Note 1

The Ebiquity plc 2000 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.

25 March 2014

Enquiries:

Ebiquity plc Michael Greenlees (CEO)	0207 650 9600
Numis Securities Limited Nick Westlake (NOMAD) David Poutney, James Serjeant (Corporate Broker)	0207 260 1000

 

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