Deferred Consideration Payment and TVR

Oberon Investments Group PLC

27 June 2023

 

27 June 2023 

Oberon Investments Group plc

("Oberon", or the "Company")

Smythe House Limited deferred consideration payment and Total Voting Rights

Oberon Investments Group plc (AQSE: OBE) ("the Group"), the boutique investment management, wealth planning and corporate broking group, announces today the payment of the second tranche of deferred consideration in relation to the acquisition of Smythe House Limited, first announced on 28 May 2021.

The second and final tranche payment will comprise the issue of 1,063,707 new ordinary shares in Oberon plus £61,324 in cash. At the current market price of 3.9p per Oberon ordinary share, the value of the new shares being issued equates to £41,485 and hence the total value of this second tranche payment amounts to £102,809. Admission of the new ordinary shares is expected to occur on or around 30 June 2023.

In accordance with the AQSE Growth Market Access Segment's Disclosure Guidance and Transparency Obligations, following the issue of these new shares, which will be admitted to the market on or around the 30 June 2023, the Company's issued share capital consists of 536,058,547 Ordinary Shares of 0.5p, each with one voting right. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 536,058,547.

The above figure of 536,058,547 should 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 AQSE Growth Market Access Segment's Disclosure Guidance and Transparency Obligations.

The directors of Oberon Investments Group plc accept responsibility for this announcement.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

For further information, please contact:

Oberon Investments Group plc
Simon McGivern / Galin Ganchev	Via Novum Securities
AQSE Corporate Adviser and Broker
Novum Securities Limited	020 7399 9400
Richard Potts / George Duxberry

 

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