Malvern International PLC Completion of Acquisition and Issue of Equity (2735T)
July 02 2018 - 7:31AM
UK Regulatory
TIDMMLVN
RNS Number : 2735T
Malvern International PLC
02 July 2018
2 July 2018
Malvern International plc
(AIM: MLVN)
Completion of Acquisition
Issue of Equity
Malvern International plc ("Malvern" or the "Company"), the
global learning and skills development partner, is pleased to
announce that its acquisition of Communicate English Schools
Limited, details of which were set out in a circular to
shareholders dated May 2018, has completed in accordance with the
terms of the Acquisition Agreement.
Application for admission to trading on AIM has been made in
respect of the Consideration Shares being issued pursuant to the
acquisition of Communicate English Schools Limited, being in
aggregate 13,800,000 ordinary shares of 1p each, and admission is
expected to take place on 4 July 2018.
In accordance with the provisions of the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following these issues, its issued share capital
will comprise 238,788,333 Ordinary Shares of 1p each. All of these
Ordinary Shares have equal voting rights and none of the Ordinary
Shares are held in Treasury. The total number of voting rights in
the Company will therefore be 238,788,333 on Admission. 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 share capital of
the Company under the Disclosure Guidance and Transparency
Rules.
This announcement should be read in conjunction with the full
text of the Circular posted to Shareholders on 17 May 2018, copies
of which are available on the Company's website at
www.malverninternational.com. Capitalised terms in this
announcement have the same meaning as given in the Circular.
For further information please
contact:
Malvern International Plc www.malverninternational.com
Dr Sam Malafeh - Chief Executive Via Walbrook PR
Officer
Navin Khattar - Non-Executive malvern@walbrookpr.com
Director
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Ed Allsopp +44 117 945 3470
Walbrook PR +44 20 7933 8780
Tom Cooper / Paul McManus +44 797 122 1972
tom.cooper@walbrookpr.com
Notes to Editors:
Malvern International is a global learning and skills
development partner preparing learners to meet the demands of a
professional life. Courses are delivered on sites in London (London
King's Cross and University of East London), Manchester, Singapore,
and Malaysia; with the option of studying across multiple campus'
over the duration of the same course; and online through the
Malvern Online Academy - making step change education accessible
while taking part in the learner's journey to success.
Courses include:
-- Certificate, Diploma and pre-University programs;
-- University degree and post-graduate programs;
-- Courses for professional examinations;
-- Tuition services for secondary school students and English language teaching; and
-- Professional development and corporate training.
Established in the 1980's and admitted to AIM in 2004, Malvern
employs approximately 250 people and delivers a wide range of
courses. Malvern's growth strategy is driven by organic growth
initiatives complemented by strategic acquisitions. For further
investor information go to www.malverninternational.com
www.walbrookpr.com/malvern
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
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