03 August 2015
Redde plc
(“Redde” or the "Company")
Issue of Deferred
Consideration Shares
On 31 July Redde issued 480,924 ordinary shares of 0.1 pence each (the “New Ordinary Shares”) on the
terms set out in the announcement of 1 May
2015 to satisfy the fourth instalment (of nine) of the final
deferred consideration payment relating to the acquisition of the
NewLaw group of companies.
Application has been made to the London Stock Exchange for the
admission to trading on AIM of the New Ordinary Shares, which is
expected to occur on 6 August 2015
(“Admission”).
Following Admission, the Company shall have 285,871,153 ordinary
shares of 0.1 pence each in issue,
each with voting rights, which 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 to their interest in, the share capital of the
Company under the Financial Conduct Authority's Disclosure and
Transparency Rules. No shares are held in
treasury.
For further information, contact:
Redde
plc
01225 321134
Martin Ward, Chief Executive
Officer
Stephen Oakley, Chief Financial
Officer
Cenkos Securities plc (Nominated Adviser and Joint
Broker) 0207 397 8900
Ian Soanes
Liz Bowman
N+1 Singer (Joint
Broker) 0207
496 3000
Nic Hellyer
Alex Wright
Square1
Consulting
0207 929 5599
David Bick
Mark Longson