Fiske PLC Issue of Equity (2503L)

TIDMFKE

RNS Number : 2503L

Fiske PLC

04 September 2019

4 September 2019

Fiske Plc

Issue of Equity

Fiske plc ('Fiske' or 'the Company') today announces that further to the acquisition of Fieldings Investment Management Ltd ("Fieldings") announced on 27 July 2017, the second deferred consideration payment due to the vendors of Fieldings will be GBP238,094 (the "Second Deferred Consideration"). In accordance with the agreement, 20 per cent. of the Second Deferred Consideration is payable in ordinary shares of 25p each in the Company ("Ordinary Shares") issued at the average closing price of the 15 business days prior to allotment. The Company has therefore issued 76,193 Ordinary Shares at a price of 62.5p each.

Application has been made for these new Ordinary Shares to be admitted to trading on AIM with admission expected to take place on, or around, 10 September 2019 ("Admission").

Following Admission, the Company's enlarged share capital will comprise 11,693,790 Ordinary Shares. No shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 11,693,790. This 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

4,773 Ordinary Shares will be issued to Tony Pattison, Director of the Company and previously a shareholder of Fieldings. Following the issue of these new shares, Mr Pattison will hold 290,831 Ordinary Shares representing 2.49 per cent. of the Company's total voting rights. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Pursuant to the details of the acquisition announced on 27 July 2017, the third and final deferred consideration payment will be made next year.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

Samantha Harrison, Harrison Clarke - Grant Thornton UK LLP (Nominated Adviser)

(tel: [phone])

Gerard Luchini, Fiske Plc - Compliance Officer

(tel: [phone])

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                           Tony Pattison 
     -----------------------------  ----------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------ 
 a)   Position/status                Director 
     -----------------------------  ----------------------------------- 
 b)   Initial notification           Initial notification 
       /Amendment 
     -----------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
     ------------------------------------------------------------------ 
 a)   Name                           Fiske Plc 
     -----------------------------  ----------------------------------- 
 b)   LEI                            213800Z5PKJOV7GWXE43 
     -----------------------------  ----------------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and 
       (iv) each place where transactions have been 
       conducted 
     ------------------------------------------------------------------ 
 a)   Description of                 Ordinary shares of 25 pence each 
       the financial 
       instrument, type               ISIN GB00BJRHYM66 
       of instrument 
       Identification                 FISK 
       code 
     -----------------------------  ----------------------------------- 
 b)   Nature of the                  Issue of shares 
       transaction 
     -----------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)         Price(s)          Volume(s) 
 
                                      62.5p             4,773 
     -----------------------------  -----------------  ---------------- 
 d)   Aggregated information         N/A (single transaction) 
     -----------------------------  ----------------------------------- 
 e)   Date of the transaction        4 September 2019 
     -----------------------------  ----------------------------------- 
 f)   Place of the transaction       Outside of trading venue 
     -----------------------------  ----------------------------------- 
 

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September 04, 2019 10:40 ET (14:40 GMT)