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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mkm Group | LSE:MKM | London | Ordinary Share | GB00B013MJ08 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 1901J MKM Group PLC 28 November 2008 28 November 2008 MKM GROUP PLC ("the Company") Re: Issue of Equity On 3 August 2007 MKM Group plc ("MKM" or the "Company") announced the acquisition of Leisure World Pty Limited and its subsidiaries (the "Leapfrog Group"). MKM today announces that, pursuant to the agreement dated 2 August 2007, the Company has today issued and allotted 20,216,216 new ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares") and agreed to make the payment of £64,865 to Richard Tenser and Brian Smillie, the vendors of the Leapfrog Group (the "Vendors"), in full satisfaction of the deferred consideration payable by the Company. In addition, the Company and the Vendors have agreed to waive the right to any claims under the warranties and indemnities which each party may have against each other in certain circumstances. The number of Ordinary Shares to be issued to each of Richard Tenser and Brian Smillie are, and their respective interests in the voting rights of the Company following the issue of such Ordinary Shares will be, as follows: No. of new Ordinary No. of Ordinary % of enlarged issued share capital Shares to be issued Shares after the issue Richard Tenser 9,097,297 18,097,297 19.4% Brian Smillie 11,118,919 22,618,919 24.2% 20,216,216 40,716,216 43.6% Brian Smillie has options over 1,375,000 Ordinary Shares pursuant to an option agreement dated 2 August 2007. Richard Tenser has agreed to waive options over 1,125,000 Ordinary Shares granted pursuant to an option agreement dated 2 August 2007. Application will be made for the 20,216,216 Ordinary Shares ("New Ordinary Shares") to be admitted to trading on AIM and dealings are expected to commence on 4 December 2008. The New Ordinary Shares will rank pari passu in all respects with the Ordinary Shares currently in issue. In addition, the term loan that the Vendors provided at the time of the acquisition of the Leapfrog Group has been confirmed as a sum of £450,000 by reference to the calculation and agreement of the Net Asset Value of the Leapfrog Group upon acquisition. The term loan was included at this value in the balance sheet of the MKM Group set out in the annual accounts for the year ended 31 March 2008 which were posted to shareholders on 30 September 2008. For further information, please contact: MKM Group PlcAndrew Johnson, Executive ChairmanMatthew T: 0161 877 1112 Toynton, Finance Director WH Ireland (NOMAD) T: 0161 832 2174 David Youngman Biddicks T: 020 7448 1000 Katie Tzouliadis Sophie Lane This information is provided by RNS The company news service from the London Stock Exchange END IOEPUGAGGUPRGCR
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