Oberon Investments Group PLC Deferred consideration payment and TVR (2268P)
17 June 2022 - 4:00PM
UK Regulatory
TIDMOBE
RNS Number : 2268P
Oberon Investments Group PLC
17 June 2022
17 June 2022
Oberon Investments Group plc
("Oberon", or the "Company")
Smythe House Limited deferred consideration payment and Total
Voting Rights
Oberon Investments Group plc (AQSE: OBE) ("the Group"), the
boutique investment management, wealth planning and corporate
broking group , announces today the payment of the first tranche of
deferred consideration in relation to the acquisition of Smythe
House Limited, first announced on 28 May 2021.
After a very successful first year since acquisition, and the
meeting of all required targets, the first tranche payment will
comprise the issue of 1,063,717 new ordinary shares in Oberon plus
GBP28,342 in cash. At the current market price of 5.3p per Oberon
ordinary share, the value of the new shares being issued equates to
GBP56,377 and hence the total value of the first tranche payment
amounts to GBP84,719. Admission of the new ordinary shares is
expected to occur on or around 22nd June 2022.
In accordance with the AQSE Growth Market Access Segment's
Disclosure Guidance and Transparency Obligations, following the
issue of these new shares, which will be admitted to the market on
or around the 22 June 2022, the Company's issued share capital
consists of 470,124,330 Ordinary Shares of 0.5p, each with one
voting right. The Company does not hold any Ordinary Shares in
treasury. Therefore, the total number of voting rights in the
Company is 470,124,330.
The above figure of 470,124,330 should be used by shareholders
in the Company 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 share capital of the
Company under the AQSE Growth Market Access Segment's Disclosure
Guidance and Transparency Obligations.
The directors of Oberon Investments Group plc accept
responsibility for this announcement.
Simon McGivern, CEO of Oberon Investments Group plc, said : "I
am delighted with the performance of Smythe House since acquisition
and the deferred consideration is well earned. Smythe House has
been a key determinant in terms of our successful reach into
bespoke Wealth Management and we look forward to excellent further
progress being made in the current year."
This announcement contains information which, prior to its
disclosure, was inside information as stipulated under Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended).
For further information, please contact:
Oberon Investments Group
plc
Simon McGivern / John Beaumont Via IFC Advisory
AQSE Corporate Adviser
and Broker
Novum Securities Limited 020 7399 9400
Richard Potts / Lucy Bowden
IFC Advisory Limited 020 3934 6633
Graham Herring/Florence
Chandler
Notes to Editors
Oberon operates in the UK wealth and fund management sector and
in the corporate broking and financial advisory sectors. Since
Oberon Investments Ltd was established in April 2017, Oberon
group's FUMA have grown to in excess of GBP1 billion. This has been
achieved organically by adding new clients and new fund managers,
attracted by the emerging brand and by a number of small, selective
and accretive acquisitions. Oberon Capital, the corporate broking
division, launched in June 2020, provides advice and raises capital
for companies from seed and early-stage funding through to IPO and
beyond.
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END
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