Next Fifteen Comm Additional Listing

 
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8 June 2018

Next Fifteen Communications Group plc ("Next 15" or the "Company")

Additional listing

Next 15 announces that application has been made to the London Stock Exchange for 49,572 new ordinary shares of 2.5 pence each in the Company ('Ordinary Shares') to be admitted to AIM.

The application is in respect of Ordinary Shares expected to be issued as part of the deferred consideration payable in respect of the Company's acquisition of the entire issued share capital of ODD Communications Limited, a London-based digital agency specialising in consumer-facing communications for fashion and lifestyle brands (the "ODD Acquisition"), which was announced on 10 December 2015.

On 6 June 2018, Next 15 amended the terms of the ODD Acquisition, bringing forward certain payments in respect of deferred consideration. The payment of the deferred consideration has been brought forward (from the original payment date of 2021), in order to enable a long-term incentive plan for key ODD management to be implemented. All outstanding deferred consideration payable remains subject to the original undisclosed cap.

Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to AIM and it is expected that admission will take place on 13 June 2018. Following the issue and allotment of the new Ordinary Shares as described above, the Company will have 78,364,508 Ordinary Shares in issue. No shares are held in treasury.

Enquiries:

 
Next Fifteen Communications Group plc 
Peter Harris, CFO                                      [phone] 
Investec Bank plc 
Keith Anderson / Neil Coleman / Darren Vickers         [phone] 
 
 
 
 

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(END) Dow Jones Newswires

June 08, 2018 02:00 ET (06:00 GMT)