SpaceandPeople PLC Share Consolidation Update (3853O)

TIDMSAL

RNS Number : 3853O

SpaceandPeople PLC

10 June 2022

SpaceandPeople plc

("SpaceandPeople" or the "Company")

Share consolidation update

SpaceandPeople (AIM:SAL) the retail, promotional and brand experience specialist, is pleased to announce the following update on the Company's share consolidation, following the announcement released on the 8 June 2022.

On 7 June 2022 at the Company's annual general meeting shareholders approved the consolidation of the Company's ordinary share capital resulting in every 10 existing ordinary shares of 1 pence each ("Existing Ordinary Shares") being consolidated into 1 new ordinary share of 10 pence each ("New Ordinary Shares"), (together, the "Share Consolidation")

The Company confirms that application has been made for 1,951,957 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on 13 June 2022.

Upon Admission, the Company's issued share capital will consist of 1,951,957 New Ordinary Shares with one voting right each. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company will be 1,951,957. With effect from Admission, 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Further details of the Share Consolidation are set out below:

 
 Conversion ratio of Existing Ordinary          10 Existing Ordinary Shares 
  Shares                                             : 1 New Ordinary Share 
 Number of Existing Ordinary Shares 
  in issue as at the date of this 
  document                                                       19,519,563 
 Number of Existing Ordinary Shares 
  expected to be in issue immediately 
  prior to the Consolidation[1]                                  19,519,570 
 Number of New Ordinary Shares expected 
  to be in issue following the Consolidation                      1,951,957 
 Nominal value of New Ordinary Shares                               GBP0.10 
  following the Consolidation 
 ISIN for the New Ordinary Shares                              GB00BPQDJM21 
 SEDOL for the New Ordinary Shares                                  BPQDJM2 
 Expected restoration of the Company's               7.30am on 13 June 2022 
  shares to trading on AIM 
 Expected date of Admission of New                   8.00am on 13 June 2022 
  Ordinary Shares 
 Expected date CREST accounts are                              13 June 2022 
  to be credited with the New Ordinary 
  Shares in uncertificated form 
 Expected date for despatch of definitive          by no later than 22 June 
  certificates for New Ordinary Shares                                 2022 
  in certificated form 
 

[1] Comprises the 19,519,563 Existing Ordinary Shares in issue as at the date hereof and the 7 additional ordinary shares to be issued prior to the Consolidation.

Enquiries

SpaceandPeople plc

Nancy Cullen, Gregor Dunlay 0845 241 8215

Zeus (Nominated Adviser and Broker)

David Foreman, Jamie Peel 020 3829 5000

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June 10, 2022 02:00 ET (06:00 GMT)