Market Tech Holdings Limited Issue of deferred consideration shares (2085R)
07 December 2016 - 10:36PM
UK Regulatory
TIDMMKT
RNS Number : 2085R
Market Tech Holdings Limited
07 December 2016
7 December 2016
Market Tech Holdings Limited
("Market Tech" or the "Company")
Issue of deferred consideration shares and total voting
rights
Market Tech (LSE: MKT) announces that an application has been
made to the Official List of the UK Listing Authority and to the
London Stock Exchange for the admission of 96,339 ordinary shares
of 10p each in the Company (the "Ordinary Shares"'). The Ordinary
Shares have been issued as deferred consideration pursuant to the
acquisition of Stucco Media Limited announced on 7 May 2015. The
balance now remaining to be issued as deferred consideration is
481,692 with 96,339 Ordinary Shares expected to be issued every
month over the next four months pursuant to the Stucco Media
Limited acquisition, with a final tranche of 96,336 shares to be
issued on 7 May 2017.
The Ordinary Shares will be issued fully paid and will, upon
issue, rank pari passu in all respects with the Company's existing
issued shares. It is expected that the admission of the Ordinary
Shares will become effective on Thursday 8 December 2016.
Accordingly, following admission, the total number of ordinary
shares in Market Tech with voting rights will be 470,298,634. This
figure may be used by Market Tech shareholders as the denominator
for calculations to determine if they have a notifiable interest in
Market Tech under the Disclosure and Transparency Rules, or if such
interest has changed.
Enquiries
Market Tech
Charles Butler, Chief Executive
Officer
David Brown, Chief Financial
Officer +44 (0) 20 3727
c/o FTI Consulting 1000
FTI Consulting +44 (0) 20 372
Richard Sunderland 7 1000
Dido Laurimore markettech@fticonsulting.com
Claire Turvey
About Market Tech
Market Tech combines the iconic Camden Market real estate assets
with digital technology to deliver a living, working, retail and
leisure environment. The Company owns approximately 15 acres of
real estate assets in Camden, including the Stables Market; Union
Street Market, (also known as Buck Street Market); Camden Lock
Market; and Hawley Wharf, (formerly known as Camden Lock Village).
It also owns separate real estate assets on Camden High Street;
Kentish Town Road; properties on Jamestown Road, (including the
Camden Wharf Building); The Interchange Building on Oval Road,
Utopia Village in Primrose Hill, 1-11 Hawley Crescent and 49 Chalk
Farm Road.
The Company owns three e-commerce businesses, referred to as
Market Tech Digital. These are Stucco Media, an e-commerce
marketing platform, Glispa, a Berlin-based mobile marketing
business and Fiver, a B2C online fashion retailer.
www.market-tech.com
- Ends -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 07, 2016 06:36 ET (11:36 GMT)
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