Hyve Group PLC Additional Listing (8333M)

TIDMHYVE

RNS Number : 8333M

Hyve Group PLC

14 May 2020

14 May 2020

Hyve Group plc

("The Company")

Additional Listing in connection with the proposed Share Consolidation

Further to the announcement on 7 May 2020 by the Company relating to the underwritten GBP126.6m rights issue and proposed share consolidation, the Company announces that it will be issuing 4 additional ordinary shares so that the Company's issued share capital is exactly divisible by 10. These new ordinary shares will, upon issue, rank equally with the existing ordinary share capital of the Company.

The Company confirms that an application has been made to the Financial Conduct Authority and the London Stock Exchange for a total of 4 ordinary shares of 1 pence each to be admitted to the Official List and to trading on the main market for listed securities. It is expected that Admission will become effective on 15 May 2020. Once admitted, the new ordinary shares will be sold in the market and proceeds returned to the Company.

The Company does not hold any shares in Treasury and, therefore, following Admission, the number of voting shares in issue in the Company will be 815,780,260.

The defined terms set out in the Prospectus dated 7 May 2020 apply in this Announcement.

For further information, please contact:

 
 
     Hyve Group plc                            [phone] 
    Jared Cranney 
 
    FTI Consutling                             [phone] 
    Charles Palmer / Emma Hall / Chris Birt 
 

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 [e-mail] or visit www.rns.com.

END

ALSSFFFWDESSELI

(END) Dow Jones Newswires

May 14, 2020 02:00 ET (06:00 GMT)