Location Sciences Group PLC Result of GM, Appointment of Joint Broker and TVR (7317H)
March 26 2020 - 7:50AM
UK Regulatory
TIDMLSAI
RNS Number : 7317H
Location Sciences Group PLC
26 March 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
26 March 2020
Location Sciences Group plc
("Location Sciences" or the "Company")
Result of General Meeting
Appointment of Joint Broker
and
Total Voting Rights
Result of Meeting
Location Sciences (AIM: LSAI), the leading location data
verification company, announces that all Resolutions put to
Shareholders at the General Meeting held earlier today were duly
passed.
Accordingly, a re-organisation of the Company's share capital
will occur with effect from close of business today comprising a
sub-division of the Existing Ordinary Shares to create two classes
of shares: New Ordinary Shares with a nominal value of 0.1 pence
and New Deferred Shares with a nominal value of 0.9 pence.
The proportion of the issued ordinary share capital of the
Company held by each Shareholder immediately before and after the
Sub-division will remain unchanged. All entitlements under
outstanding share options shall be recalculated accordingly as a
result of the Sub-division.
Following the Sub-division, the ISIN code for the New Ordinary
Shares will remain GB00BGT36S19 and the SEDOL code for the New
Ordinary Shares will remain BGT36S1.
In addition, application has been made for, in aggregate,
114,858,571 New Ordinary Shares to be admitted to trading on AIM
immediately following the Sub-division comprising; 111,430,000
Placing Shares, 1,142,857 Broker Shares and 2,285,714 Settlement
Shares. Admission is expected to occur at 8.00 am on 27 March
2020.
As announced earlier today, certificates in relation to the
Warrants will be posted to Placees by no later than 10 Business
Days after Admission.
Appointment of Joint Broker
Peterhouse Capital Limited will be appointed as joint broker to
the Company immediately following Admission.
Total Voting Rights
Following Admission, the Company will have 491,510,305 Ordinary
Shares in issue admitted to trading on AIM. 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 a change to their interest in, the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
This announcement should be read in conjunction with the full
text of the Circular which was posted to Shareholders on 9 March
2020, copies of which are available on the Company's website at
www.locationsciencesgroup.ai. Capitalised terms in this
announcement have the same meaning as given in the Circular.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
For further information please contact:
Location Sciences Group PLC via Milk and Honey PR
Mark Slade, Chief Executive
Officer
David Rae, Chief Financial
Officer
Shore Capital (Nomad and Broker) Tel: +44 (0)20 7408 4090
Tom Griffiths
David Coaten
Peterhouse Capital Tel: +44 (0) 20 7220 9791
Charles Goodfellow
Eran Zucker
Milk & Honey PR Tel: +44 (0)20 3637 7310
Kirsty Leighton
Jessica Ballinger
The person making this notification on behalf of the Company is
David Rae, Chief Financial Officer of the Company.
About Location Sciences
Location Sciences is the pre-eminent global location
verification provider to the $190 billion digital advertising
industry, working in partnership with brands, media agencies and
suppliers to reduce ad wastage and improve the effectiveness of
location-based advertising campaigns.
The digital advertising marketplace remains unregulated and
unmonitored, with an estimated $19 billion wasted on ad fraud in
2018. Location Sciences has developed Verify, the world's first
independent location verification product. Utilising sophisticated
machine learning and pattern recognition technologies, Verify
detects location ad fraud and shines a light on location data
inaccuracy with the aim of bringing back integrity, transparency
and trust to the market place.
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
MSCBBGDXRSDDGGL
(END) Dow Jones Newswires
March 26, 2020 07:50 ET (11:50 GMT)
Location Sciences (LSE:LSAI)
Historical Stock Chart
From Apr 2024 to May 2024
Location Sciences (LSE:LSAI)
Historical Stock Chart
From May 2023 to May 2024