Completion of Acquisition and Issue of Equity

RNS Number : 2735T

Malvern International PLC

02 July 2018

 

2 July 2018

Malvern International plc

(AIM: MLVN)

Completion of Acquisition

Issue of Equity

Malvern International plc ("Malvern" or the "Company"), the global learning and skills development partner, is pleased to announce that its acquisition of Communicate English Schools Limited, details of which were set out in a circular to shareholders dated May 2018, has completed in accordance with the terms of the Acquisition Agreement.

Application for admission to trading on AIM has been made in respect of the Consideration Shares being issued pursuant to the acquisition of Communicate English Schools Limited, being in aggregate 13,800,000 ordinary shares of 1p each, and admission is expected to take place on 4 July 2018. 

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following these issues, its issued share capital will comprise 238,788,333 Ordinary Shares of 1p each.  All of these Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury.  The total number of voting rights in the Company will therefore be 238,788,333 on Admission. 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 a change to their interest in, the share capital of the Company under the Disclosure Guidance and Transparency Rules.

This announcement should be read in conjunction with the full text of the Circular posted to Shareholders on 17 May 2018, copies of which are available on the Company's website at www.malverninternational.com.  Capitalised terms in this announcement have the same meaning as given in the Circular.

For further information please contact:
Malvern International Plc	www.malverninternational.com
Dr Sam Malafeh - Chief Executive Officer	Via Walbrook PR
Navin Khattar - Non-Executive Director	[e-mail]
WH Ireland (NOMAD & Broker)	www.whirelandcb.com
Mike Coe / Ed Allsopp	[phone]
Walbrook PR	[phone]
Tom Cooper / Paul McManus	[phone]
	[e-mail]

Notes to Editors:

Malvern International is a global learning and skills development partner preparing learners to meet the demands of a professional life.  Courses are delivered on sites in London (London King's Cross and University of East London), Manchester, Singapore, and Malaysia; with the option of studying across multiple campus' over the duration of the same course; and online through the Malvern Online Academy - making step change education accessible while taking part in the learner's journey to success.

Courses include:

·     Certificate, Diploma and pre-University programs;

·     University degree and post-graduate programs;

·     Courses for professional examinations;

·     Tuition services for secondary school students and English language teaching; and

·     Professional development and corporate training.

Established in the 1980's and admitted to AIM in 2004, Malvern employs approximately 250 people and delivers a wide range of courses.  Malvern's growth strategy is driven by organic growth initiatives complemented by strategic acquisitions. For further investor information go to www.malverninternational.com  www.walbrookpr.com/malvern

 

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