Application for Additional Listing of Shares
Summary by AI BETAClose X
22 October 2025
McBride plc
Application for Additional Listing of Shares
McBride plc (the 'Company') announces it has submitted an application to the Financial Conduct Authority ('FCA') and the London Stock Exchange ('LSE') for 4,502,575 ordinary shares of 10 pence each ('New Ordinary Shares') to be admitted to the Official List of the FCA and admitted to trading on the premium segment of the LSE's main market for listed securities. The New Ordinary Shares are expected to be admitted to trading on the LSE from 8:00am on 23 October 2025.
The New Ordinary Shares are being issued to satisfy the vesting of certain employee share awards, which were granted in 2022. The New Ordinary Shares will rank pari passu with the Company's existing issued ordinary shares.
The Company confirms that the New Ordinary Shares being issued fall within the scope of its existing share issuance authorities and have been included in the calculation of potential dilution under the Investment Association's guidelines and the relevant plan rules.
The Company intends to make a loan available to Apex Group Fiduciary Services Limited (in its capacity as trustee of The McBride plc Employee Benefit Trust 2012) (the 'Trustee') to purchase the majority, if not all, of the New Ordinary Shares that are sold by employees to cover their tax liabilities which arise as a result of the vesting of the aforementioned share awards. These purchased shares will then be available to the Trustee for the satisfaction of future share awards.
Following admission of the New Ordinary Shares, the Company will have 178,559,903 ordinary shares of £0.10 each in issue (including 42,041 ordinary shares of £0.10 each held in treasury). Consequently, shareholders may use the figure 178,517,862 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
|
ENDS
For further information, please contact:
McBride plc |
|
|
Chris Smith, Chief Executive Officer Mark Strickland, Chief Financial Officer |
|
|
|
|
|
Instinctif Partners |
020 7457 2020 |
|
Hannah Scott Galyna Kulachek
|
|
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.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund