Bigblu Broadband PLC Issue of Equity (1687C)

TIDMBBB

RNS Number : 1687C

Bigblu Broadband PLC

09 June 2023

Bigblu Broadband plc

('BBB' or the 'Company' or the 'Group')

Issue of Equity and Total Voting Rights

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast and ultra-fast broadband services, announces that, following an exercise of options by a former employee, it has issued and allotted 36,160 new ordinary shares in the Company of 15 pence each ("Ordinary Shares"). Application will be made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on or around the 13 June 2023.

Total Voting Rights

The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following the exercise of options, the Company's issued share capital consists of 58,551,487 Ordinary Shares. Accordingly, the figure of 58,551,487 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.

For further information:

 
 Bigblu Broadband Group p lc                  www.bbb-plc.com 
 Andrew Walwyn, Chief Executive Officer 
  Frank Waters, Chief Financial Officer 
 
 finnCap (Nomad and Broker)                   Tel: [phone] 
  Marc Milmo / Simon Hicks / Charlie Beeson    0500 
  (Corporate Finance) 
  Tim Redfern / Harriet Ward 
  (ECM) 
 

ABOUT BBB

Bigblu Broadband plc (AIM: BBB.L), is a leading provider of alternative super-fast broadband solutions throughout Australasia and the Nordics. BBB delivers a portfolio of super-fast wireless broadband products for consumers and businesses unserved or underserved by fibre.

High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative super-fast broadband services increases around the world.

BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G delivering between 30 Mbps and 150 Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers ongoing services including hardware supply, installation, pre- and post-sale support, billings and collections, whilst offering appropriate tariffs depending on each end user's requirements.

Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for 'video-on-demand'. Its alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart phones via a normal wired or wireless router.

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(END) Dow Jones Newswires

June 09, 2023 02:00 ET (06:00 GMT)