Issue of Equity

RNS Number : 2360V

Xpediator PLC

02 December 2019

 

2 December 2019

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

XPEDIATOR PLC

("Xpediator" or "the Group")

ISSUE OF EQUITY

Xpediator, (AIM: XPD) a leading provider of freight management services across the UK and Europe, announces that pursuant to the acquisition of Regional Express Limited ("Regional Express"), a further deferred consideration of £350,000 is payable, as described in the Group's announcement dated 25 June 2019, to the vendors of Regional Express. Part of the deferred consideration payment will be settled by the issue of 89,744 new ordinary shares in the Group (the "Deferred Consideration Shares") and the balance of £315,000 is payable in cash.       

Details of the Deferred Consideration Shares

Application has been made for the Deferred Consideration Shares, which will rank pari passu with the existing ordinary shares of 5 pence each in the Group ("Ordinary Shares"), to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). It is expected that Admission will occur at 8.00am on 5 December 2019.

Total Voting Rights

Following Admission, the Group's issued ordinary share capital will comprise 136,084,224 Ordinary Shares and may be used by shareholders in the Group 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 Group under the FCA's Disclosure and Transparency Rules.

Enquiries

Xpediator plc	Tel: [phone]
Stephen Blyth, Chief Executive Officer	Email: [e-mail]
Cenkos Securities (Nominated Advisor & Joint Broker)	Tel: [phone]
Max Hartley, Max Gould (Corporate Finance) Nick Searle (Sales)
Cantor Fitzgerald Europe (Joint Broker)	Tel: [phone]
David Foreman, Michael Boot (Corporate Finance)
Caspar Shand Kydd (Sales)
Novella Communications (Financial Public Relations)	Tel: [phone]
Tim Robertson
Fergus Young

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 38 sites, the Group currently employs 938 people and was successfully listed on London's AIM market in August 2017.

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

Alternatively, do follow us on Twitter at @Xpediator or find us on LinkedIn at Xpediator Plc.

 

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