Issue of new shares to loan stock holders

RNS Number : 3649F

Gordon Dadds Group PLC

20 February 2018

 

20 February 2018

Gordon Dadds Group plc

("Gordon Dadds" or the "Group")

Issue of new shares to loan stock holders

Gordon Dadds Group plc (AIM: GOR), the acquisitive London-based legal and professional services business, announces that it has agreed to issue 162,401 new ordinary shares of 1 pence each ("New Shares") to enable, as disclosed in the Admission Document dated 13 July 2017, the redemption of loan stock for £231,421 including interest.

Following this, there are no convertible instruments remaining in the Group. 

The loan stock was due to be repaid by the end of December 2017. The holders of the loan stock elected to exchange their loan stock for New Shares at the price on 29 December 2017, being 142.5 pence. However, the Group was in a close period due to recently announced acquisitions and was not in a position to formalise the exchange of the loan stock until now.

It is expected that 162,401 New Shares will be admitted to trading on AIM at 8.00 am on 26 February 2018 which ordinary shares will, when issued, rank pari passu with all other ordinary shares in issue.

On admission of the 162,401 New Shares to trading on AIM, the Company's issued share capital will comprise 28,759,711 ordinary shares in aggregate. This figure 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 change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gordon Dadds Group plc Adrian Biles, Chief Executive Officer Christopher Yates, Chief Financial Officer	Via Newgate
Arden Partners, Nominated Adviser and broker to the Company John Llewellyn-Lloyd Ciaran Walsh	[phone]
Newgate Communications Adam Lloyd James Ash	[phone] Email: [e-mail]

 

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