Issue of Equity and Director's Shareholding

RNS Number : 8250X

Location Sciences Group PLC

02 May 2019

 

Location Sciences Group PLC

("Location Sciences" or the "Company")

 

Issue of Equity

and

Director's Shareholding

Location Sciences Group PLC (AIM: LSAI), the pre-eminent global location verification provider to the $106 billion digital advertising industry, announces that it has issued 1,263,158 ordinary shares of 1 pence each in the Company (the "Ordinary Shares") at 2.85p per new Ordinary Share, being the closing mid-market price on 30 April 2019, to Niall Hogan, Non-Executive Director of the Company, in lieu of his annual salary. Following this issue, Mr Hogan will have a total beneficial interest in 1,263,158 Ordinary Shares, representing 0.37% of the enlarged issued share capital of the Company.

An application has been made for the 1,263,158 Ordinary Shares to be admitted to trading on AIM which is expected to occur at 8.00 a.m. on 8 May 2019 ("Admission").

Following Admission, the Company's issued share capital will comprise 342,307,597 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information please contact:

 

Location Sciences Group PLC                                                              via Milk and Honey PR

Mark Slade, Chief Executive Officer 

David Rae, Chief Financial Officer   

               

Stockdale Securities Limited                                                                 Tel: [phone]

Tom Griffiths        

David Coaten       

               

Milk & Honey PR                                                                                 Tel: [phone]

Kirsty Leighton   

Jessica Ballinger  

 

About Location Sciences Group PLC:

 

Location Sciences is the pre-eminent global location verification provider to the $106 billion digital advertising industry. Working in partnership with brands, media agencies and suppliers to reduce ad-wastage and improve the effectiveness of location-based advertising campaigns.

 

The digital advertising market place remains unregulated and un-monitored, with an estimated $19 billion wasted on ad-fraud in 2018. Location Sciences has developed Verify, the world's first independent location verification product. Utilising sophisticated machine learning and pattern recognition technologies Verify detects location ad-fraud and shines a light on location data inaccuracy with the aim of bringing back integrity, transparency and trust to the market place.

 

END

 

 

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