Issue of Equity

RNS Number : 0807B

Marlowe PLC

05 January 2018

 

5 January 2018

Marlowe plc

("Marlowe" the "Company")

Issue of Equity

The Company announces that, following successful achievement of earn-out targets by Ductclean (UK) Limited ("Ductclean") for the year ended 30 September 2017, application has been made for 124,997 new ordinary shares of 50 pence each in the capital of the Company ("Ordinary Shares") to be admitted to trading on AIM. The new Ordinary Shares will be issued to the management team of Ductclean and will rank pari-passu with existing ordinary shares.  The new Ordinary Shares are subject to a lock-up period of up to 60 months from the date of acquisition of Ductclean (31 July 2017), with orderly market conditions attached after this period. It is expected that admission will occur at 8.00 a.m. on 11 January 2018.

Following Admission the Company's issued ordinary share capital will comprise 34,517,425 Ordinary Shares, of which none are held in treasury. Therefore, the total number of Ordinary Shares with voting rights in in the Company following Admission will be 34,517,425.

The above figure of 34,517,425 may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

Marlowe plc
Alex Dacre, Chief Executive	Tel: [phone]
	[e-mail]
Cenkos Securities plc (Nominated Adviser and Broker)
Nicholas Wells, Elizabeth Bowman	Tel: [phone]
FTI Consulting
Nick Hasell, Alex Le May	Tel: [phone]

 

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