Issue and Allotment of Shares

RNS Number : 7377C

Sagentia Group PLC

20 March 2014

 



20 March 2014

Sagentia Group plc

("Sagentia" or the "Company")

Issue and allotment of shares

Sagentia Group plc (AIM: SAG) announces that, as noted in the announcement of its audited results on 5 March 2014, the first year's earn out for Quadro Design Limited (formerly QDA Limited) has been met.  Accordingly, the vendors are jointly entitled to 20,000 ordinary shares of £0.01 in the Company ("Consideration Shares").

An application has therefore been made to the London Stock Exchange for the admission to trading on AIM of the Consideration Shares with admission expected to take place on 26 March 2014.  The Consideration Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Following admission, the Company's enlarged issued share capital will comprise 38,801,615 ordinary shares (excluding treasury shares).  The Company holds 3,260,420 shares in treasury.

- Ends -

For further information:

Sagentia Group plc	Tel: [phone]
Sarah Cole, Company Secretary	www.sagentia.com

Numis Securities Limited
Nominated Adviser: Oliver Cardigan / Simon Willis Corporate Broking: James Serjeant	Tel: [phone]

Media enquiries:

Abchurch
Henry Harrison-Topham / Jamie Hooper	Tel: [phone]
[e-mail]	www.abchurch-group.com

 

END

 

 

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