Issue of Equity

RNS Number : 0625D

MJ Hudson Group PLC

23 October 2020

 

23 October 2020

MJ Hudson Group plc

("MJ Hudson", the "Company" or the "Group")

Issue of Equity

MJ Hudson, the international asset management consultancy, announces that, pursuant to the agreement dated 16 August 2016 as described in the Company's admission document dated 11 December 2019, the Group has settled the earn out payment in relation to the acquisition of AllenbridgeEpic Investment Advisers Limited and Allenbridge Limited ("Allenbridge").

The earn out payment comprises the issue of 143,182 ordinary shares of nil par value in the Company ("New Ordinary Shares") at a price of 44 pence per New Ordinary Share, of which 95,455 Ordinary Shares are locked in until 13 December 2020. Application has been made for the New Ordinary Shares to be admitted to trading on AIM, and it is expected that admission will occur at 8.00 a.m. on or around 29 October 2020.

Following admission of the New Ordinary Shares, the Company's issued ordinary share capital will comprise 171,463,402 ordinary shares, each with voting rights, which 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

MJ Hudson Group plc Matthew Hudson, CEO Andrew Walsh, IRO Katherine Hazelden, PR Director	[phone]
Cenkos Securities (Nomad and Broker) Giles Balleny Stephen Keys Callum Davidson Harry Hargreaves	[phone]
Investec Bank (Joint Broker) Christopher Baird David Flin	[phone]

About MJ Hudson

MJ Hudson, the international asset management consultancy, provides expertise and infrastructure support to fund managers, investors and other specialists in the asset management industries. The Group's services include law, fund management solutions, international administration, investment advisory, data & analytics and IR & Marketing.

This comprehensive range of capabilities, coupled with MJ Hudson's ability to draw on many industry perspectives, allows the Group to build project teams that are extremely effective at helping clients achieve multiple goals. From its offices across major asset management centres, MJ Hudson's team of more than 180 professionals work for clients managing and advising in excess of $1trn of assets. The Group has expertise in all traditional and alternative asset classes, including equities and bonds, private equity, venture capital, hedge funds, real estate, infrastructure, energy and credit.

 

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