European Wealth Group Limited Issue of Equity (7326T)

TIDMEWG

RNS Number : 7326T

European Wealth Group Limited

17 October 2017

European Wealth Group Limited

(the "Company")

Issue of Equity

European Wealth Group Limited (AIM: EWG, EWGL), the integrated wealth management group, announces that, pursuant to the acquisition terms set out in the announcement dated 13 September 2016, the Company will issue new ordinary shares to satisfy the share element of the deferred consideration payable to CIMCO Partners Management Limited.

Accordingly the Company is issuing 637,158 new ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") at a price of 19.6364 pence per Ordinary Share, being the prevailing 20 day moving average as at market close on 13 October 2017.

Following the issue of these Ordinary Shares the Company will have 100,171,320 shares in issue. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 100,171,320. The above figure 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 sourcebook. Application has been made for these shares to be admitted to trading on AIM, with the shares expecting to start trading on 20 October 2017.

For further details, please contact:

 
 European Wealth Group     [phone] 
  Limited                   2368 
 Marianne Ismail 
  Hugo Evans 
 finnCap Ltd (Nomad 
  and Broker)              [phone] 
 Adrian Hargrave 
  Scott Mathieson 
  Anthony Adams 
 Redleaf Communications   [phone] 
 Emma Kane 
  Robin Tozer 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 17, 2017 02:00 ET (06:00 GMT)