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Share Name Share Symbol Market Type Share ISIN Share Description
Aquila Services Group Plc LSE:AQSG London Ordinary Share GB00BPYP3Q26 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 26.00 22.00 30.00 26.00 26.00 26.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 8.0 0.2 0.4 74.3 10

Aquila Services Group PLC Subscription, Exercise of Options and TVR

20/07/2020 10:39am

UK Regulatory (RNS & others)


Aquila Services (LSE:AQSG)
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From Apr 2020 to Oct 2020

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TIDMAQSG

RNS Number : 4955T

Aquila Services Group PLC

20 July 2020

For immediate release

20 July 2020

Aquila Services Group plc

("Aquila" or the "Company")

Subscription, Exercise of Options, Directors' Dealings

and Total Voting Rights

Subscription

Aquila, the quoted parent company of three main trading subsidiaries which provide professional consultancy and support services to organisations and businesses involved in the affordable housing, education, sports and community services sectors, is pleased to announce a subscription by a new investor raising GBP250,000 through the issue of 1,086,957 new ordinary shares of GBP0.05 each ("Subscription Shares") at GBP0.23 per Subscription Share. The funds will be used for working capital purposes.

Exercise of Options

In addition, the Company has received notices from Mr Derek Joseph, the Company's Chair and Mr Richard Wollenberg, the Company's Non-Executive Director to exercise an option to subscribe for new ordinary shares at a price of GBP0.10 per ordinary share of GBP0.05 each in the Company ("Option Shares"). The notices were accepted as valid and having in aggregate received funds of GBP82,400, the Company has accordingly issued and allotted 309,000 Option Shares to Mr Joseph and 515,000 Option Shares to Mr Wollenberg.

Directors' Dealings

Furthermore, both Mr Joseph and certain family members of Mr Wollenberg have respectively acquired; 110,870 ordinary shares and 120,000 ordinary shares from Steve Douglas, a former director of the Company.

Disclosure of Directors' Shareholdings

As a result of the exercise of options and dealings as set out above, Mr Joseph is now interested in 3,425,408 ordinary shares representing 8.59% of the Company's Enlarged Share Capital.

As a result of the exercise of options, Mr Wollenberg is now interested in 2,484,682 ordinary shares representing 6.23% of the Company's Enlarged Share Capital. It is also noted that taking into account the purchase of shares as noted above, the wider family group of Mr Wollenberg is now interested in 4,443,406 ordinary shares representing 11.15% of the Company's Enlarged Share Capital.

Total Voting Rights

Applications have been made to the Financial Conduct Authority ("FCA") and the London Stock Exchange for the Subscription Shares and the Option Shares to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities (the "Admission"). It is expected that Admission will become effective on 23 July 2020.

Following the issue of the Subscription Shares and the Option Shares, which on Admission will rank pari passu with the existing ordinary shares, the total number of ordinary shares in issue with voting rights in the Company will be 39,858,862 . There are no shares held in treasury.

The above figure of 39,858,862 may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

The information contained in Appendix 1 below is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

For further information please visit www.aquilaservicesgroup.co.uk . or contact:

Aquila Services Group plc

Claire Banks, Group Finance Directors

Tel: 020 7934 0175

Beaumont Cornish Limited, Financial Adviser

Roland Cornish

Tel: 020 7628 3396

Appendix 1

 
 1    Details of t he p erson disc harging managerial responsib 
       ilities / p erson closely associated 
 a)   Name                        Derek Joseph 
     --------------------------  ------------------------------------- 
 2    Reason for notification 
     ----------------------------------------------------------------- 
 a)   Position / status           Chair 
     --------------------------  ------------------------------------- 
 b)   I nitial notification       Initial 
       /Amendment 
     --------------------------  ------------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a 
       r k et participan t, au ct ion plat for m, au ction 
       eer or auc tion monitor 
     ----------------------------------------------------------------- 
 a)   Name                        Aquila Services Group plc 
     --------------------------  ------------------------------------- 
 b)   LEI                         213800YHTDDQX5MZZW83 
     --------------------------  ------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re 
       p eated for ( i) e a ch type of instr u m e n t; (ii) 
       each type of transac tion; (iii) each date; and ( iv) 
       each place w h ere transactions have b een condu cted 
     ----------------------------------------------------------------- 
 a)   Description of the          Ordinary Shares of GBP0.05 each 
       financial instrument, 
       t ype of instrument 
       I d e ntification           ISIN GB00BPYP3Q26 
       code 
     --------------------------  ------------------------------------- 
      Nature of the transaction   Issue of 309,000 new ordinary shares 
                                   pursuant to exercise of options 
                                   Purchase of 110,870 ordinary shares 
     --------------------------  ------------------------------------- 
      Price(s) and volumes(s)       Price(s)   Volumes(s) 
                                     10p        309,000 
                                               ----------- 
                                     23p        110,870 
                                               ----------- 
     --------------------------  ------------------------------------- 
 d)   Aggregated information      419,870 ordinary shares 
     --------------------------  ------------------------------------- 
 e)   Date of the transaction     2020 July 20 
     --------------------------  ------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------- 
 
 
 1    Details of t he p erson disc harging managerial responsib 
       ilities / p erson closely associated 
 a)   Name                        Richard Wollenberg 
     --------------------------  ------------------------------------- 
 2    Reason for notification 
     ----------------------------------------------------------------- 
 a)   Position / status           Non-Executive Director 
     --------------------------  ------------------------------------- 
 b)   I nitial notification       Initial 
       /Amendment 
     --------------------------  ------------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a 
       r k et participan t, au ct ion plat for m, au ction 
       eer or auc tion monitor 
     ----------------------------------------------------------------- 
 a)   Name                        Aquila Services Group plc 
     --------------------------  ------------------------------------- 
 b)   LEI                         213800YHTDDQX5MZZW83 
     --------------------------  ------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re 
       p eated for ( i) e a ch type of instr u m e n t; (ii) 
       each type of transac tion; (iii) each date; and ( iv) 
       each place w h ere transactions have b een condu cted 
     ----------------------------------------------------------------- 
 a)   Description of the          Ordinary Shares of GBP0.05 each 
       financial instrument, 
       t ype of instrument 
       I d e ntification           ISIN GB00BPYP3Q26 
       code 
     --------------------------  ------------------------------------- 
      Nature of the transaction   Issue of 515,000 new ordinary shares 
                                   pursuant to exercise of options 
     --------------------------  ------------------------------------- 
      Price(s) and volumes(s)       Price(s)   Volumes(s) 
                                     10p        515,000 
                                               ----------- 
     --------------------------  ------------------------------------- 
 d)   Aggregated information      515,000 ordinary shares 
     --------------------------  ------------------------------------- 
 e)   Date of the transaction     2020 July 20 
     --------------------------  ------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 20, 2020 05:39 ET (09:39 GMT)

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