Issue of Equity and Total Voting Rights

RNS Number : 3874U
Marlowe PLC
01 April 2021
 

1 April 2021

 

Marlowe plc 

("Marlowe" or the "Group")

 

Issue of Equity and Total Voting Rights

 

Marlowe plc ("Marlowe", the "Group" or the "Company"),  the  UK  leader in business-critical services and software which assure safety and regulatory compliance , announces that, following the achievement of profit targets in respect of the Group's 2019 acquisition of Law At Work (Holdings) Limited (the "Acquisition"), final contingent consideration of £4.3 million, including the issue of 153,923 new ordinary shares of 50 pence each in the Group (the "New Ordinary Shares") at an effective issue price of 717 pence per ordinary share, will be payable by the Group in respect of the Acquisition.

 

Application has been made for the 153,923 New Ordinary Shares to be admitted to trading on AIM ("Admission"). The New Ordinary Shares will rank pari passu with the Group's existing ordinary shares, and it is expected that Admission will occur at 8.00 a.m. on 9 April 2021.

 

Following Admission, the Company's issued ordinary share capital will comprise 77,123,772 ordinary shares, none of which are held in treasury. Therefore, the total number of ordinary shares with voting rights in Marlowe following admission will be 77,123,772.

 

The above figure of 77,123,772 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.

 

For further information:

 

Marlowe plc

www.marloweplc.com



 

Alex Dacre, Chief Executive

Tel: +44 (0) 203 813 8498



 

Mark Adams, Group Finance Director

IR@marloweplc.com



 





 

Cenkos Securities plc (Nominated Adviser and Joint Broker)



 

Nicholas Wells

Tel: +44 (0)20 7397 8900



Ben Jeynes




 




 

Berenberg (Joint Broker)




 

Ben Wright



 

Mark Whitmore

Tel: +44 (0)20 3207 7800


 




 

FTI Consulting



 

Nick Hasell



 

Alex Le May

Tel: +44 (0)20 3727 1340


 




 

 

About Marlowe plc

Marlowe is a UK leader in business critical services and software which assure safety and regulatory compliance. The Group was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services. It is focused on health & safety, compliance software, employment law & HR compliance, fire safety, security, water treatment & air hygiene and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides services to over 15% of Britain's commercial premises and is increasingly attractive to customers who require a single outsourced, nationwide, provider of a comprehensive range of regulated compliance and safety services. Our customers can be found in most office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IOEIBMATMTJMBLB

Companies

Marlowe (MRL)
UK 100

Latest directors dealings