Premier Technical Services Grp PLC Issue of Equity and Total Voting Rights (2324U)
11 July 2018 - 4:00PM
UK Regulatory
TIDMPTSG
RNS Number : 2324U
Premier Technical Services Grp PLC
11 July 2018
11 July 2018
Premier Technical Services Group PLC
("PTSG" or the "Company")
Issue of Equity and Total Voting Rights
PTSG, the niche specialist services provider, announces that on
11 July 2018 the Company will issue 687,452 ordinary shares of 1
penny each in the Company ("Ordinary Shares") to the vendors of
Brooke Edgley (Industrial Chimneys) Ltd ("BEST"), the lightning
protection business acquired in July 2017, in part-settlement of
the first of three GBP2m annual deferred consideration payments for
the acquisition (the balance being paid in cash). The Company
retains the right to pay up to two-thirds of the remaining deferred
consideration in cash or shares, at its discretion.
In relation to the above, an application has been made to the
London Stock Exchange for 687,452 new ordinary shares, which rank
pari passu with the existing ordinary shares, to be admitted to
trading on AIM on or around 13 July 2018.
Following this issue and allotment, the Company's issued share
capital comprises of 110,435,195 Ordinary Shares. The Company does
not hold any Ordinary Shares in treasury. The figure of 110,435,195
should 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.
For further information, please contact:
PTSG +44 (0)1977 668 771
Paul Teasdale, Chief Executive Officer
Numis Securities +44 (0) 207 260 1000
Stuart Skinner / Kevin Cruickshank / Michael Burke
Hudson Sandler +44 (0)207 796 4133
Charlie Jack/ Hattie O'Reilly
About PTSG - www.ptsg.co.uk
Premier Technical Services Group PLC is the UK's leading
provider of façade access and fall arrest equipment services,
lightning protection and electrical testing, steeplejack and rope
access services and fire solutions.
Operating through four divisions, Access & Safety,
Electrical Services, Building Access Specialists and Fire
Solutions, the Group provides highly-engineered industrial products
and quality services and has a substantial presence in a number of
niche markets.
PTSG provides a central information service for its businesses
and champions the dissemination of key information and best
practice. PTSG unites its constituent businesses under one clear
identity, which supports smarter working and delivers top class
service to its customers.
Headquartered in Castleford, West Yorkshire, the Group employs
more than 600 people across 17 UK sites, who service more than
150,000 buildings across the whole of the UK for over 17,000
customers in a wide range of industries.
The Company is listed on the LSE AIM (PTSG.L)
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 rns@lseg.com or visit www.rns.com.
END
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