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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
The Simplybiz Group Plc | LSE:SBIZ | London | Ordinary Share | GB00BG1THS43 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 195.00 | 190.00 | 200.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSBIZ
RNS Number : 4840T
SimplyBiz Group PLC (The)
20 March 2019
20 March 2019
The SimplyBiz Group plc
(the "Company" or "SimplyBiz")
Total Voting Rights following Acquisition
Further to the announcement of 20 March 2019 (the "20 March Announcement") regarding the conditional acquisition of Regulus Topco Limited, the 100% owner of Defaqto, by SimplyBiz (the "Acquisition"), the Company confirms that pursuant to the Acquisition, the following new ordinary shares of 1 pence each in the Company ("New Ordinary Shares") will be admitted to trading on AIM, which is expected to take place on 21 March 2019 ("Admission"):
-- 7,647,060 New Ordinary Shares in respect of a Primary Placing (as defined in the 20 March Announcement).
-- 8,504,048 New Ordinary Shares in respect of a Vendor Placing (as defined in the 20 March announcement).
-- 4,160,600 New Ordinary Shares which were issued to certain of the shareholders of Regulus Topco Limited, the 100% owner of Defaqto, as part consideration under the Acquisition.
Admission of the New Ordinary Shares, which is expected to take place at 8:00 am at 21 March 2019, represents the final condition to the Acquisition.
The New Ordinary Shares are being issued at 180 pence per share.
Following the issue of the 20,311,708 New Ordinary Shares and following Admission, the Company will have 96,782,296 ordinary shares of 1 pence each ("Ordinary Shares") in issue, with one voting right each. The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights following expected Admission will therefore be 96,782,296.
Accordingly, following Admission, this figure may be used by shareholders as a denominator for the calculation 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 and Transparency Rules.
For further information please contact:
Enquiries:
The SimplyBiz Group plc via Instinctif Partners Matt Timmins (Joint Chief Executive Officer) Neil Stevens (Joint Chief Executive Officer) Zeus Capital (Nominated Adviser and Joint Broker) +44 (0) 20 3829 5000 Martin Green Andrew Jones Pippa Hamnett Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900 Guy Wiehahn Andrew Buchanan Rishi Shah Instinctif Partners +44 (0) 20 7457 2020 / SimplyBiz@instinctif.com Catherine Wickman Katie Bairsto
About SimplyBiz
With over 3,700 member firms in the UK, The SimplyBiz Group is a leading independent provider of compliance and business services to financial advisers, including directly authorised IFAs, directly authorised mortgage advisers, workplace consultants and directly authorised consumer credit brokers. It also provides marketing and promotion, product panelling and co-manufacturing services to more than 135 financial institutions, through access to its membership.
About Defaqto
Defaqto is a leading financial services technology business operating a fintech platform for 8,500 advisers and providing independent ratings of 21,000 financial products and funds, licensed by 230 brands.
Defaqto collects data on over 40,000 products and funds and provides independent information to help banks, insurers and fund managers to get a complete overview of the financial products available to consumers and to help consumers make more informed decisions.
Financial Advisers use Defaqto's services to get an overview of the market and the financial products available so that they can select the most suitable products for their clients. The business also provides comparison sites and product manufacturers with information to assist consumers.
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 rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
March 20, 2019 10:55 ET (14:55 GMT)
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