Gateley (Holdings) PLC Payment of Gateley Hamer Earn Out Consideration (7812R)
June 19 2018 - 2:00AM
UK Regulatory
TIDMGTLY
RNS Number : 7812R
Gateley (Holdings) PLC
19 June 2018
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon publication of
this announcement, this information is now considered to be in the
public domain.
Gateley (Holdings) Plc
('Gateley' or the 'Group')
Payment of Earn Out Consideration for Gateley Hamer
Gateley (Holdings) Plc (AIM:GTLY), the national commercial law
and complementary professional services group, is pleased to
announce, in accordance with the acquisition agreement of Gateley
Hamer (formerly Hamer Associates Limited), that a total earn out
consideration of GBP470,317 has been paid. The earn out
consideration is split equally between cash and shares.
Accordingly, 138,329 ordinary shares of 10p each in Gateley
("Ordinary Shares") have been issued and application has been made
to London Stock Exchange plc for these shares to be admitted to
trading on AIM ("Admission"). Admission is expected at 8.00 a.m. on
22 June 2018.
Michael Ward, CEO of Gateley, said:
"We are pleased with the contribution made by Gateley Hamer.
Increased cross-selling of services between traditional Gateley and
Hamer clients and expansion of the specialist team, including
establishing a new presence in our London office, positions Gateley
Hamer well to generate increased revenue and profit in the current
financial year."
Total Voting Rights
The new Ordinary Shares being issued will rank pari passu with
the existing Ordinary Shares in issue. Following Admission,
Gateley's total issued share capital will comprise 108,184,558
Ordinary Shares. This number may be used by shareholders in Gateley
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 Gateley under the
FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
Gateley (Holdings) Plc
Neil Smith, Finance Director Tel: +44 (0) 121 234 0196
Nick Smith, Acquisitions Director and Head of Investor Relations Tel: +44 (0) 20 7653 1665
Cara Zachariou, Head of Communications Tel: +44 (0) 121 234 0074 or
+44 7703 684 946
Cantor Fitzgerald Europe - Nominated adviser and broker
David Foreman, Marc Milmo, Michael Boot (Corporate Finance) Tel: +44 (0) 20 7894 7000
Caspar Shand Kydd, Alex Pollen (Sales)
Arden Partners - Broker
John Llewellyn-Lloyd, Benjamin Cryer (Corporate Finance) Tel: +44 (0) 20 7614 5900
James Reed-Daunter (Corporate Broking)
IFC Advisory - Financial PR Adviser
Tim Metcalfe, Miles Nolan Tel: +44 (0) 20 3934 6630
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOEVVLFFVQFEBBK
(END) Dow Jones Newswires
June 19, 2018 02:00 ET (06:00 GMT)
Gateley (holdings) (LSE:GTLY)
Historical Stock Chart
From Apr 2024 to May 2024
Gateley (holdings) (LSE:GTLY)
Historical Stock Chart
From May 2023 to May 2024