Completion of Acquisition

RNS Number : 7510K

Vordere PLC

11 July 2017

 

                                                                                                                                          11 JULY 2017

VORDERE PLC

("Vordere" or the "Company)

COMPLETION OF ACQUISITION AND ALLOTMENT OF CONSIDERATION SHARES

Following the Company's previous announcements relating to its proposed acquisition of four properties in Germany (the "Acquisition"), which constitutes a reverse takeover under the Listing Rules, the Company is pleased to announce that it will complete the fourth Acquisition, subject to the admission of the Consideration Shares, as defined below, to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.

The consideration for the fourth Acquisition is for a total of 54,751,950 ordinary shares of nominal value £0.02 in the capital of the Company and have been allotted at a price of £0.17 per share (the "Consideration Shares").

Application for the Consideration Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities will be made shortly and dealings are expected to commence on or around 12 July 2017.

For further information please contact the Company at:

Vordere plc

3rd Floor

11-12 St James's Square

London, SW1Y 4LB

www.vordere.com

Enquiries:

Vordere PLC	[phone]
Keith Lassman of Howard Kennedy LLP (the Company's lawyers)	[phone]
Peterhouse Corporate Finance Limited Lucy Williams / Duncan Vasey	[phone]

 

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