Block Listing Application

RNS Number : 1590M
Trustpilot Group PLC
10 January 2023
 

10 January 2023

 

Trustpilot Group plc  

Block Listing Application

 

Trustpilot Group plc (the "Company") has made an application to the Financial Conduct Authority and London Stock Exchange plc for 10,000,000 ordinary shares of £0.01 each in the Company to be admitted by way of a block listing to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of London Stock Exchange plc (the "Block Listing Shares").

It is expected that admission of the Block Listing Shares (the "Admission") will become effective on 12 January 2023.

Following Admission:

(i)  up to 5,000,000 ordinary shares will be allotted and issued from time to time to satisfy the exercise of outstanding equity warrants in the Company and shall be covered by the block listing (the "FurtherBlock Listing Warrants Portion"); and

(ii)  up to 5,000,000 ordinary shares will be allotted and issued from time to time to
satisfy the vesting of outstanding restricted stock units in the Company granted as conditional awards under the Trustpilot Group plc Restricted Share Plan
and shall be covered by the block listing (the "Further Block Listing RSU Portion") .

When issued, these ordinary shares shall rank equally in all respects with the existing issued ordinary shares of the Company.

The block listing of the Block Listing Shares by the Company is in addition to:

(i)  the existing block listing that the Company has in place to satisfy the exercise of outstanding equity warrants in the Company (the "Existing Warrant Block Listing"); and

(ii)  the existing block listing that the Company has in place to satisfy the vesting of restricted stock units in the Company granted as conditional awards under the Trustpilot Group plc Restricted Share Plan (the "Existing RSU Block Listing").

As at the time of this announcement:

(i)  the balance under the Existing Warrant Block Listing is 24,423,242 ordinary shares of £0.01 each; and

(ii)  the balance under the Existing RSU Block Listing is 207,053 ordinary shares of £0.01 each.

As at Admission:

(i)  the aggregate balance under the Existing Warrant Block Listing and the Further Block Listing Warrants Portion is expected to be 29,423,242 ordinary shares of £0.01 each; and

(ii)  the aggregate balance under the Existing RSU Block Listing and the Further Block Listing RSU Portion is expected to be 5,207,053 ordinary shares of £0.01 each.

 

Enquiries:

Investor Relations:

 

Derek Brown (Head of Investor Relations)

+44 20 4534 5222

 

Tulchan Communications

James Macey White

Matt Low

+44 20 7353 4200

 

 

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
 
 
ALSVKLFBXFLXBBV
UK 100

Latest directors dealings