Gordon Dadds Group PLC Issue of new shares to loan stock holders (3649F)

TIDMGOR

RNS Number : 3649F

Gordon Dadds Group PLC

20 February 2018

20 February 2018

Gordon Dadds Group plc

("Gordon Dadds" or the "Group")

Issue of new shares to loan stock holders

Gordon Dadds Group plc (AIM: GOR), the acquisitive London-based legal and professional services business, announces that it has agreed to issue 162,401 new ordinary shares of 1 pence each ("New Shares") to enable, as disclosed in the Admission Document dated 13 July 2017, the redemption of loan stock for GBP231,421 including interest.

Following this, there are no convertible instruments remaining in the Group.

The loan stock was due to be repaid by the end of December 2017. The holders of the loan stock elected to exchange their loan stock for New Shares at the price on 29 December 2017, being 142.5 pence. However, the Group was in a close period due to recently announced acquisitions and was not in a position to formalise the exchange of the loan stock until now.

It is expected that 162,401 New Shares will be admitted to trading on AIM at 8.00 am on 26 February 2018 which ordinary shares will, when issued, rank pari passu with all other ordinary shares in issue.

On admission of the 162,401 New Shares to trading on AIM, the Company's issued share capital will comprise 28,759,711 ordinary shares in aggregate. 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 change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 Gordon Dadds Group plc            Via Newgate 
  Adrian Biles, Chief Executive 
  Officer 
  Christopher Yates, Chief 
  Financial Officer 
 
 Arden Partners, Nominated 
  Adviser and broker to 
  the Company 
  John Llewellyn-Lloyd 
  Ciaran Walsh                     [phone] 
 Newgate Communications            [phone] 
  Adam Lloyd                        Email: [e-mail] 
  James Ash 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 20, 2018 03:15 ET (08:15 GMT)