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Vianet Group PLC (VNET)

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Thursday 06 June, 2019

Vianet Group PLC

Issue of Equity

RNS Number : 3654B
Vianet Group PLC
06 June 2019
 

6 June 2019

 

Vianet Group plc

(the "Company")

Issue of Equity

Application has been made for the admission to trading of 35,000 new ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") as a result of the exercise of employee share options. It is expected that Admission of the new Ordinary Shares will occur at 8:00 a.m. on 10 June 2019.

Following Admission, the Company will have 28,773,414 Ordinary Shares in issue, 456,000 of which are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company is 28,317,414.  The figure 28,317,414 of 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 of their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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Enquiries:

Vianet Group plc


James Dickson, Chairman

Tel: +44 (0) 1642 358 800

[email protected]

www.vianetplc.com

 

Cenkos Securities plc


Stephen Keys / Cameron MacRitchie

Tel: +44 (0) 20 7397 8900


www.cenkos.com 

Media enquiries:

Yellow Jersey PR


Sarah Hollins

Henry Wilkinson

[email protected]

             Tel: +44 (0)7764 947 137

             Tel: +44 (0)7951 402 336

www.yellowjerseypr.com

 

About Vianet

Vianet Group is a leading provider of actionable management information and business insight created through combining data from our smart Internet of Things ('IOT') solutions and external information sources.

Since Admission to AIM in 2006, the Group has grown from its core beer monitoring business both organically and through strategic acquisitions to widen its offering and also develop new businesses, especially in vending telemetry and contactless payment solutions particularly for the premium coffee sector.

Servicing over 300 customers across the world and rendering live data to our IOT platform from over 250,000 connected machines daily, Vianet is one of the largest business to business (b2b) connected solutions providers in Europe with established long term relationships with blue chip customers and growing recurring revenues which are over 85% of our total revenues.

In our Smart Machines Division we connect a single data gathering device with its own on-board communication capability to a customer's asset or system.  The device then sends data back via our IOT platform to cloud based servers.  The technology was originally developed for automated retailing machines, however the flexibility and functionality of the device means the technology can be applied to practically any machine which has the capability to output data.  The device is also used to connect our contactless payment solution and communicate payment terms to our cloud based payment services providers where that application is also required.

The Smart Zones Division is where we connect multiple data gathering devices into one or more systems or assets with the data from those devices being communicated back to our IOT platform and cloud based servers via a single 3G communications hub.  The technology was originally developed for flow monitoring devices, temperature sensors, and asset management in drinks retailing but practically any data gathering device with a digital output could be connected to the communications hub where required such as gaming machines, utilities management and EPOS.

For further information, please visit www.vianetplc.com

 


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 [email protected] or visit www.rns.com.
 
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