European Wealth Group Limited Issue of Equity (2979U)

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RNS Number : 2979U

European Wealth Group Limited

17 January 2017

17 January 2017

European Wealth Group Limited

("European Wealth", or the "Group")

Issue of Equity

European Wealth (AIM: EWG, EWGL), the integrated wealth management group, announces that, pursuant to the acquisition terms set out in announcement dated 25 June 2014, the Company will issue new ordinary shares to satisfy the share element of the deferred consideration payable to the former shareholders of Compass Financial Benefits Limited ("Compass").

European Wealth will issue 854,735 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 51.6 pence per Ordinary Share, being the average price of the mid-market closing prices of European Wealth's Ordinary Shares over the ten business days up to and including 10 January 2017.

Following the issue of these Ordinary Shares the Company will have 26,247,416 shares in issue. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 26,247,416. The above 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 FCA's Disclosure Guidance and Transparency Rules sourcebook. Application has been made for these shares to be admitted to trading on AIM, with the shares expecting to start trading on 23 January 2017.

For further details, please contact:

 
 European Wealth Group   Tel: +44 (0)20 
  Limited                 7293 0733 
 John Morton             www.europeanwealth.com 
 
 finnCap Ltd (Nomad      Tel: +44 (0)20 
  and Broker)             7220 0500 
 Jonny Franklin-Adams 
 Scott Mathieson 
 
 

About European Wealth Group Limited

European Wealth Group Limited (AIM: EWG, EWGL) is the holding company for the integrated wealth management business, European Wealth Management Group Limited. Having commenced trading in 2010, European Wealth has two operating divisions, European Investment Management Limited ("EIM") and European Financial Planning Limited ("EFP"). Both are regulated by the FCA. EIM has opted for Restricted Adviser status and EFP for Independent Adviser status. Today the Group's head office is in London with an expanding network of offices both in the UK and continental Europe. Core services offered by the Group are financial planning, corporate pension advisory and investment management in both equity and fixed interest instruments. For further information on European Wealth's wealth management and financial planning services, please go to www.europeanwealth.com

This information is provided by RNS

The company news service from the London Stock Exchange

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January 17, 2017 02:00 ET (07:00 GMT)