Completion of Acquisition and issue of shares

RNS Number : 6524U

Xpediator PLC

16 July 2018

 

16 July 2018

Xpediator Plc

("Xpediator" or the "Group")

Completion of Acquisition and issue of shares

Xpediator, (AIM: XPD) a leading provider of freight management services across the UK and Europe, is pleased to announce that further to the announcements released on 9 and 10 July 2018, the Company has completed the acquisition ("Acquisition") of Import Services Limited ("ISL").

As part of the Acquisition consideration the Company has issued 3,740,648 new ordinary shares of 5 pence each in the Company to the vendors of ISL. Application has been made for the new ordinary shares, which will rank pari passu with the existing ordinary shares of 5pence each in the Company, to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). It is expected that Admission will occur at 8:00 am on or around 17 July 2018.

Following Admission, the Company will have 132,899,486 Ordinary Shares in issue, of which none are held in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 132,899,486. 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Xpediator plc	Tel: [phone]
Stephen Blyth, Chief Executive Officer	Email: [e-mail]
Richard Myson, Chief Financial Officer
SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker)	Tel: [phone]
Jeff Keating
Caroline Rowe
Cantor Fitzgerald Europe (Joint Broker)	Tel: [phone]
David Foreman, Michael Boot (Corporate Finance)
Caspar Shand Kydd, Alex Pollen (Sales)
Novella Communications (Financial Public Relations)	Tel: [phone]
Tim Robertson
Toby Andrews

About Xpediator:

Xpediator is a well-established international provider of freight management services. Established in 1988 by CEO Stephen Blyth today the Group's International network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through their three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 31 sites, the Group currently employs 838 people and was successfully listed on London's AIM market in August 2017.

For more information, please visit: www.xpediator.com

Do follow us on Twitter at @Xpediator, or on LinkedIn at Xpediator Plc, or alternatively find us on VoxMarkets using the ticker "XPD".

 

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