Made Tech Group PLC Issue of New Ordinary Shares to EBT (0622B)

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RNS Number : 0622B

Made Tech Group PLC

29 September 2022

29 September 2022

MADE TECH GROUP PLC

("Made Tech" or the "Group")

Issue of New Ordinary Shares to EBT

Made Tech Group plc, a leading provider of digital, data and technology services to the UK public sector, announces that it will issue 1 ,208,881 new ordinary shares in the Company to the Made Tech Employee Benefit Trust (the "EBT"), at a nominal value of 0.05 pence. The new ordinary shares issued to the EBT will be held by the EBT before being used to satisfy the exercise of options that vest and become exercisable on 30 September 2022 under the Company's RSP and LTIP.

Periodically, as further options vest and become exercisable under the Company's RSP and LTIP, the Company may issue further new ordinary shares to the EBT in order to satisfy any option exercises that may occur from time to time. The maximum number of shares that the EBT can hold at any one time is limited to 5% of the Company's issued share capital.

Admission and Total Voting Rights

Application has been made for the admission of 1,208,881 new ordinary shares in the Company to be admitted to trading on AIM ("Admission"). The new ordinary shares will rank pari passu with the existing issued ordinary shares of the Company. It is expected that Admission will become effective and that trading in the new ordinary shares will commence at or around 8.00 am on 30 September 2022.

On Admission, the total number of ordinary shares in the Company will be 149,287,054. The Company does not currently hold any ordinary shares in treasury. Therefore, from Admission, the total number of voting rights in the Company will be 149,287,054, which 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.

Enquiries:

 
 Made Tech Group plc                         via Belvedere PR 
  Rory MacDonald, CEO 
  Deborah Lovegrove, CFO 
 Singer Capital Markets (Nominated Adviser   Tel: [phone] 
  & Broker) 
  Mark Taylor / Harry Gooden / Asha Chotai 
 Belvedere PR (Financial PR) 
  Cat Valentine                                Tel: [phone] 
  Keeley Clarke                                Tel: [phone] 
                                               Email: [e-mail] 
 

About Made Tech

Made Tech is a high-growth provider of digital, data and technology services to the UK public sector. Founded in 2008 and with a headcount of over 470 people across multiple UK locations, Made Tech provides services that enable central government, healthcare and local government organisations to digitally transform.

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September 29, 2022 02:00 ET (06:00 GMT)