Issue of Shares and Total Voting Rights

RNS Number : 0526V

Sureserve Group PLC

09 December 2021

 

Sureserve Group plc

("Sureserve" or the "Group")

Allotment of CorEnergy consideration shares and total voting rights

Sureserve (AIM: SUR), the compliance and energy services Group, announces that further to the announcement of the acquisition of CorEnergy Limited on 8 December 2021, it has issued and allotted, subject to admission to trading on AIM ("Admission"), 3,281,879 new ordinary shares of 10 pence each (the "Consideration Shares"), as part of the consideration for the acquisition. The Consideration  Shares are subject to a 12 month lock-in arrangement and were issued at an effective price of 89.4p each.

Application for admission of the Consideration Shares to trading on AIM has been made and dealings in the Consideration Shares are expected to commence at 8.00 a.m. on 14 December 2021. The Consideration Shares will rank pari-passu with the Company's existing issued ordinary shares.

Total Voting Rights

Following admission of the Consideration Shares, the total number of ordinary shares in issue will be 164,495,667. 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.

Enquiries 

Sureserve Group
Nick Winks, Chairman	07973 316544
Peter Smith, Chief Executive Officer and Chief Financial Officer	07590 929431
Camarco (Financial Public Relations)
Ginny Pulbrook	020 3757 4992
Rosie Driscoll Toby Strong
Shore Capital (Nominated Adviser and Broker)
Stephane Auton	020 7408 4090
Daniel Bush
Fiona Conroy

Notes to editors

Sureserve is a leading compliance and energy services group that performs critical functions in homes, public and commercial buildings, with a focus on clients in the UK public sector and regulated markets. Services are delivered through two divisions: Compliance and Energy Services.

The Group was founded in 1988 and is headquartered in Dartford and currently employs some 2,489 staff from 22 offices across the UK.

 

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