Utilitywise plc Issue of Equity (5176M)

TIDMUTW

RNS Number : 5176M

Utilitywise plc

07 May 2015

Utilitywise plc

("Utilitywise" or the "Company")

Issue of Equity

Utilitywise, a leading independent utility cost management consultancy, today announces that 96,696 ordinary shares of 0.1p each in the share capital of the Company ("Ordinary Shares") have been issued and allotted.

61,402 new Ordinary Shares have been allotted as deferred consideration payable following the completion of the Icon Communications earn out period with the balance of 35,294 new Ordinary Shares allotted pursuant to the exercise of share options by a former employee.

Application has been made for the 96,696 new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on 8 May 2015. The new Ordinary Shares rank pari passu with the Company's existing Ordinary Shares.

The total number of Ordinary Shares in issue following Admission will be 76,582,349. Accordingly, the figure of 76,582,349 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 and Transparency Rules.

For further information:

 
 Utilitywise PLC                          0870 626 0559 
 Geoff Thompson, CEO 
 Andrew Richardson, Deputy CEO 
  Jon Kempster, CFO 
 
 finnCap (NOMAD and joint broker)         020 7220 0500 
 Matt Goode / Grant Bergman (Corporate 
  Finance) 
 Simon Johnson (Corporate Broking) 
 
 Liberum (Joint broker)                   020 3100 2000 
 Robert Morton / Steve Pearce 
 
   Redleaf PR                               020 7382 4730 
 Rebecca Sanders-Hewett / David 
  Ison 
 
 
 

About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in North Tyneside. The Group has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from high street shops to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise has over 23,000 customers.

Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEARMTTMBJMBRA