Issue of shares & completion of acquisition

RNS Number : 8620K
Knights Group Holdings PLC
24 April 2020
 

Knights Group Holdings plc

 

("Knights", the "Company" or the "Group")

 

Issue of shares following completion of the acquisition of Shulmans LLP

 

Knights, one of the UK's fastest growing legal and professional services businesses, is pleased to confirm that the acquisition of Shulmans LLP ("Shulmans") has now completed, in line with the timeframe announced in the acquisition announcement of 5 March 2020. Accordingly a total of 1,437,014 new ordinary shares of 0.2 pence each have been issued to the vendors of Shulmans to satisfy the share-based consideration on the acquisition.

In addition a total of 2,554 new ordinary shares of 0.2 pence each have been issued pursuant to the exercise of restricted stock awards granted by Knights in relation to the acquisition of Spearing Waite LLP.

Application has been made for the admission to trading on AIM of these 1,439,568   shares which is expected to occur on 27 April 2020. Following admission, Knights will have 82,076,333 shares in issue. This figure 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 in their interests in, the Company under the FCA's Disclosure and Transparency Rules

 

 

 

 

Ends

Enquiries 

Knights

 

David Beech, CEO

 

Via MHP Communications

Numis (Nominated Adviser and Broker)

 

Stuart Skinner, Kevin Cruickshank

 

+44 20 7260 1000

MHP Communications (Media enquiries)

 

Andrew Jaques, Katie Hunt, Rachel Mann

+44 20 3128 8147

knights@mhpc.com

 

 


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