Update re Placing

RNS Number : 8732N

Location Sciences Group PLC

26 September 2019

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE

26 September 2019

Location Sciences Group PLC

("Location Sciences" or the "Company")

Update re Placing

Further to its announcement of earlier today, Location Sciences (AIM: LSAI), the leading location data verification and analytics company, announces that it has received firm orders in excess of the minimum of £0.25 million and that it has extended the time of the close of the Bookbuild, which will now remain open until 12.00 noon on 27 September 2019. An announcement of the result of the Bookbuild will be made shortly thereafter.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the Placing as described above, and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For further information please contact:

Location Sciences Group PLC	via Milk and Honey PR
Mark Slade, Chief Executive Officer
David Rae, Chief Financial Officer
Shore Capital (Nominated Adviser and Broker)	Tel: [phone]
Tom Griffiths/David Coaten Andy Crossley
Milk & Honey PR	Tel: [phone]
Kirsty Leighton
Jessica Ballinger

About Location Sciences Group PLC:

Location Sciences is the pre-eminent global location verification provider to the $160 billion digital advertising industry. Working in partnership with brands, media agencies and suppliers to reduce ad-wastage and improve the effectiveness of location-based advertising campaigns. 

The digital advertising market place remains unregulated and un-monitored, with an estimated $19 billion wasted on ad-fraud in 2018. Location Sciences has developed Verify, the world's first independent location verification product. Utilising sophisticated machine learning and pattern recognition technologies Verify detects location ad-fraud and shines a light on location data inaccuracy with the aim of bringing back integrity, transparency and trust to the market place.

 

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