European Wealth Group Limited Issue of Equity (2979U)
17 January 2017 - 6:00PM
UK Regulatory
TIDMEWG TIDMEWGL
RNS Number : 2979U
European Wealth Group Limited
17 January 2017
17 January 2017
European Wealth Group Limited
("European Wealth", or the "Group")
Issue of Equity
European Wealth (AIM: EWG, EWGL), the integrated wealth
management group, announces that, pursuant to the acquisition terms
set out in announcement dated 25 June 2014, the Company will issue
new ordinary shares to satisfy the share element of the deferred
consideration payable to the former shareholders of Compass
Financial Benefits Limited ("Compass").
European Wealth will issue 854,735 ordinary shares of 5 pence
each in the Company ("Ordinary Shares") at a price of 51.6 pence
per Ordinary Share, being the average price of the mid-market
closing prices of European Wealth's Ordinary Shares over the ten
business days up to and including 10 January 2017.
Following the issue of these Ordinary Shares the Company will
have 26,247,416 shares in issue. The Company does not hold any
Ordinary Shares in treasury. Therefore, the total number of
Ordinary Shares with voting rights in the Company will be
26,247,416. The above figure 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 sourcebook. Application has been made for these
shares to be admitted to trading on AIM, with the shares expecting
to start trading on 23 January 2017.
For further details, please contact:
European Wealth Group Tel: +44 (0)20
Limited 7293 0733
John Morton www.europeanwealth.com
finnCap Ltd (Nomad Tel: +44 (0)20
and Broker) 7220 0500
Jonny Franklin-Adams
Scott Mathieson
About European Wealth Group Limited
European Wealth Group Limited (AIM: EWG, EWGL) is the holding
company for the integrated wealth management business, European
Wealth Management Group Limited. Having commenced trading in 2010,
European Wealth has two operating divisions, European Investment
Management Limited ("EIM") and European Financial Planning Limited
("EFP"). Both are regulated by the FCA. EIM has opted for
Restricted Adviser status and EFP for Independent Adviser status.
Today the Group's head office is in London with an expanding
network of offices both in the UK and continental Europe. Core
services offered by the Group are financial planning, corporate
pension advisory and investment management in both equity and fixed
interest instruments. For further information on European Wealth's
wealth management and financial planning services, please go to
www.europeanwealth.com
This information is provided by RNS
The company news service from the London Stock Exchange
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