Utilitywise plc Issue of Equity (6274H)

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RNS Number : 6274H

Utilitywise plc

01 December 2015

Utilitywise plc

("Utilitywise" or the "Company")

Issue of Equity

Utilitywise, a leading independent utility cost management consultancy, announces that application has been made for the admission to trading on AIM ("Admission") of 529,001 new ordinary shares of 0.1p each ("Ordinary Shares" and "New Ordinary Shares") in the Company following the exercise of share options by employees and one former employee.

The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company. Admission is expected to be effective from 7 December 2015.

Following Admission, the total number of Ordinary Shares in issue will be 77,224,521. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 77,224,521 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 
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Geoff Thompson, CEO 
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Jon Kempster, CFO 
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finnCap (NOMAD and joint broker)                 020 7220 0500 
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Matt Goode / Grant Bergman (Corporate Finance) 
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Simon Johnson (Corporate Broking) 
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Liberum (Joint broker)                           020 3100 2000 
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Robert Morton / Steve Pearce 
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  Redleaf PR                                       020 7382 4730 
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Rebecca Sanders-Hewett / David Ison 
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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 c.27,000 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

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December 01, 2015 11:00 ET (16:00 GMT)