European Wealth Group Limited Issue of Equity (7326T)
17 October 2017 - 5:00PM
UK Regulatory
TIDMEWG
RNS Number : 7326T
European Wealth Group Limited
17 October 2017
European Wealth Group Limited
(the "Company")
Issue of Equity
European Wealth Group Limited (AIM: EWG, EWGL), the integrated
wealth management group, announces that, pursuant to the
acquisition terms set out in the announcement dated 13 September
2016, the Company will issue new ordinary shares to satisfy the
share element of the deferred consideration payable to CIMCO
Partners Management Limited.
Accordingly the Company is issuing 637,158 new ordinary shares
of 5 pence each in the capital of the Company ("Ordinary Shares")
at a price of 19.6364 pence per Ordinary Share, being the
prevailing 20 day moving average as at market close on 13 October
2017.
Following the issue of these Ordinary Shares the Company will
have 100,171,320 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
100,171,320. 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 20 October 2017.
For further details, please contact:
European Wealth Group +44 (0)20 7623
Limited 2368
Marianne Ismail
Hugo Evans
finnCap Ltd (Nomad
and Broker) +44 (0)20 7220 0500
Adrian Hargrave
Scott Mathieson
Anthony Adams
Redleaf Communications +44 (0)20 7382 4730
Emma Kane
Robin Tozer
This information is provided by RNS
The company news service from the London Stock Exchange
END
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