Sweett Group PLC Issue of Equity (6730G)

TIDMCSG

RNS Number : 6730G

Sweett Group PLC

09 August 2016

9 August 2016

Sweett Group plc (the "Company")

Issue of Equity

Sweett Group (AIM: CSG), announces that on it has allotted and issued 2,711,481 new ordinary shares of 10p each in the Company ("New Ordinary Shares"), following the exercise of share options by certain employees of the Company.

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 10 August 2016.

Following Admission, the Company's enlarged issued share capital will comprise 71,392,572 ordinary shares, with voting rights. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares in the Company with voting rights will be 71,392,572. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

Sweett Group plc

   Patrick Sinclair, Chief Financial Officer                                   [phone] 

Philip Watt, Company Secretary

   Stockdale Securities Limited                                                [phone] 

Tom Griffiths

Ed Thomas

Camarco [phone]

Billy Clegg

Georgia Mann

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEKMGGRLLGGVZG

(END) Dow Jones Newswires

August 09, 2016 05:51 ET (09:51 GMT)