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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gateley (holdings) Plc | LSE:GTLY | London | Ordinary Share | GB00BXB07J71 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-3.00 | -2.49% | 117.50 | 120.00 | 121.00 | 120.50 | 120.50 | 120.50 | 15,264 | 16:35:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Legal Services | 162.73M | 12.24M | 0.0930 | 12.96 | 158.63M |
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RNS Number : 7812R
Gateley (Holdings) PLC
19 June 2018
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain.
Gateley (Holdings) Plc
('Gateley' or the 'Group')
Payment of Earn Out Consideration for Gateley Hamer
Gateley (Holdings) Plc (AIM:GTLY), the national commercial law and complementary professional services group, is pleased to announce, in accordance with the acquisition agreement of Gateley Hamer (formerly Hamer Associates Limited), that a total earn out consideration of GBP470,317 has been paid. The earn out consideration is split equally between cash and shares. Accordingly, 138,329 ordinary shares of 10p each in Gateley ("Ordinary Shares") have been issued and application has been made to London Stock Exchange plc for these shares to be admitted to trading on AIM ("Admission"). Admission is expected at 8.00 a.m. on 22 June 2018.
Michael Ward, CEO of Gateley, said:
"We are pleased with the contribution made by Gateley Hamer. Increased cross-selling of services between traditional Gateley and Hamer clients and expansion of the specialist team, including establishing a new presence in our London office, positions Gateley Hamer well to generate increased revenue and profit in the current financial year."
Total Voting Rights
The new Ordinary Shares being issued will rank pari passu with the existing Ordinary Shares in issue. Following Admission, Gateley's total issued share capital will comprise 108,184,558 Ordinary Shares. This number may be used by shareholders in Gateley as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of Gateley under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries: Gateley (Holdings) Plc Neil Smith, Finance Director Tel: +44 (0) 121 234 0196 Nick Smith, Acquisitions Director and Head of Investor Relations Tel: +44 (0) 20 7653 1665 Cara Zachariou, Head of Communications Tel: +44 (0) 121 234 0074 or +44 7703 684 946 Cantor Fitzgerald Europe - Nominated adviser and broker David Foreman, Marc Milmo, Michael Boot (Corporate Finance) Tel: +44 (0) 20 7894 7000 Caspar Shand Kydd, Alex Pollen (Sales) Arden Partners - Broker John Llewellyn-Lloyd, Benjamin Cryer (Corporate Finance) Tel: +44 (0) 20 7614 5900 James Reed-Daunter (Corporate Broking) IFC Advisory - Financial PR Adviser Tim Metcalfe, Miles Nolan Tel: +44 (0) 20 3934 6630
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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(END) Dow Jones Newswires
June 19, 2018 02:00 ET (06:00 GMT)
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