Gordon Dadds Group PLC Issue of new shares to loan stock holders (3649F)
February 20 2018 - 3:15AM
UK Regulatory
TIDMGOR
RNS Number : 3649F
Gordon Dadds Group PLC
20 February 2018
20 February 2018
Gordon Dadds Group plc
("Gordon Dadds" or the "Group")
Issue of new shares to loan stock holders
Gordon Dadds Group plc (AIM: GOR), the acquisitive London-based
legal and professional services business, announces that it has
agreed to issue 162,401 new ordinary shares of 1 pence each ("New
Shares") to enable, as disclosed in the Admission Document dated 13
July 2017, the redemption of loan stock for GBP231,421 including
interest.
Following this, there are no convertible instruments remaining
in the Group.
The loan stock was due to be repaid by the end of December 2017.
The holders of the loan stock elected to exchange their loan stock
for New Shares at the price on 29 December 2017, being 142.5 pence.
However, the Group was in a close period due to recently announced
acquisitions and was not in a position to formalise the exchange of
the loan stock until now.
It is expected that 162,401 New Shares will be admitted to
trading on AIM at 8.00 am on 26 February 2018 which ordinary shares
will, when issued, rank pari passu with all other ordinary shares
in issue.
On admission of the 162,401 New Shares to trading on AIM, the
Company's issued share capital will comprise 28,759,711 ordinary
shares in aggregate. This figure 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 change to their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gordon Dadds Group plc Via Newgate
Adrian Biles, Chief Executive
Officer
Christopher Yates, Chief
Financial Officer
Arden Partners, Nominated
Adviser and broker to
the Company
John Llewellyn-Lloyd
Ciaran Walsh +44 (0) 20 7614 5900
Newgate Communications +44 (0) 20 7680 6550
Adam Lloyd Email: gordondadds@newgatecomms.com
James Ash
This information is provided by RNS
The company news service from the London Stock Exchange
END
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