Issue of Equity and Completion of Acquisition

RNS Number : 3589L

JTC PLC

30 April 2020

 

30 April 2020

JTC PLC

(the "Company" and together with its subsidiaries "JTC" or the "Group" )

Issue of Equity and Completion of Acquisition

JTC announces today that, further to its announcement on 2 April 2020, applications have been made to the Financial Conduct Authority ("FCA") and London Stock Exchange plc (the "London Stock Exchange"), respectively, for 6,746,623 new ordinary shares of £0.01 each in the capital of the Company (the "Shares") to be admitted to the premium listing segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange ("Admission").  It is expected that Admission will become effective and dealings in the Shares will commence at 8.00am on Monday 4 May 2020.

The issue of the Shares is to satisfy the Initial Consideration Shares following JTC's acquisition of NES Financial ("NESF") which completed on 29 April 2020. 

Following Admission, the Company will have 122,521,974 ordinary shares of £0.01 each in issue. There are no shares held in treasury. Therefore, following Admission the total number of voting rights in the Company will be 122,521,974 (the "Voting Rights Figure"), and this Voting Rights Figure may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

JTC PLC   

Miranda Lansdowne 

JTC (Jersey) Limited, Company Secretary

[phone]

[e-mail]

About JTC

JTC is an award-winning provider of fund, corporate and private wealth services.

Founded in 1987, we have over 900 people working across our global office network and are trusted to administer assets of more than US$130 billion.

The principle of making all our people owners of the business is fundamental to our culture and aligns us completely with the best interests of our clients and other stakeholders.

www.jtcgroup.com

 

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