Marlowe PLC Issue of Equity and Total Voting Rights (3874U)
April 01 2021 - 11:42AM
UK Regulatory
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RNS Number : 3874U
Marlowe PLC
01 April 2021
1 April 2021
Marlowe plc
("Marlowe" or the "Group")
Issue of Equity and Total Voting Rights
Marlowe plc ("Marlowe", the "Group" or the "Company"), the UK
leader in business-critical services and software which assure
safety and regulatory compliance , announces that, following the
achievement of profit targets in respect of the Group's 2019
acquisition of Law At Work (Holdings) Limited (the "Acquisition"),
final contingent consideration of GBP4.3 million, including the
issue of 153,923 new ordinary shares of 50 pence each in the Group
(the "New Ordinary Shares") at an effective issue price of 717
pence per ordinary share, will be payable by the Group in respect
of the Acquisition.
Application has been made for the 153,923 New Ordinary Shares to
be admitted to trading on AIM ("Admission"). The New Ordinary
Shares will rank pari passu with the Group's existing ordinary
shares, and it is expected that Admission will occur at 8.00 a.m.
on 9 April 2021.
Following Admission, the Company's issued ordinary share capital
will comprise 77,123,772 ordinary shares, none of which are held in
treasury. Therefore, the total number of ordinary shares with
voting rights in Marlowe following admission will be
77,123,772.
The above figure of 77,123,772 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 FCA's Disclosure Guidance
and Transparency Rules.
For further information:
Marlowe plc www.marloweplc.com
Alex Dacre, Chief Executive Tel: +44 (0) 203 813 8498
Mark Adams, Group Finance Director IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser
and Joint Broker)
Nicholas Wells Tel: +44 (0)20 7397 8900
Ben Jeynes
Berenberg (Joint Broker)
Ben Wright
Mark Whitmore Tel: +44 (0)20 3207
7800
FTI Consulting
Nick Hasell
Alex Le May Tel: +44 (0)20 3727
1340
About Marlowe plc
Marlowe is a UK leader in business critical services and
software which assure safety and regulatory compliance. The Group
was formed to create sustainable shareholder value through the
acquisition and development of businesses that provide regulated
safety and compliance services. It is focused on health &
safety, compliance software, employment law & HR compliance,
fire safety, security, water treatment & air hygiene and
occupational health services - all of which are vital to the
wellbeing of its customers operations and are invariably governed
by regulation. Marlowe currently provides services to over 15% of
Britain's commercial premises and is increasingly attractive to
customers who require a single outsourced, nationwide, provider of
a comprehensive range of regulated compliance and safety services.
Our customers can be found in most office complexes, high streets
& leisure facilities, manufacturing plants and industrial
estates, and include thousands of SMEs, local authorities,
facilities management providers, multi-site NHS trusts and FTSE 100
companies.
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