The Mission Marketing Group PLC Issue of Equity (5023V)
09 April 2019 - 4:01PM
UK Regulatory
TIDMTMMG
RNS Number : 5023V
The Mission Marketing Group PLC
09 April 2019
The Mission Marketing Group plc
Issue of Equity
The Mission Marketing Group plc ("themission", "the Company" or
"the Group", AIM: TMMG), announces that it will issue a total of
938,214 ordinary shares of 10p each in the Company ("Ordinary
Shares") as part of its settlement of earn-out obligations
following the finalisation of the audit of the Group for the year
ended 31 December 2018.
A total of 158,799 Ordinary Shares will be issued to the vendors
of RJW & Partners Ltd ("RJW") based on an average share price
over the 5 preceding business days of 64.5 pence per share and a
total of 779,415 Ordinary Shares will be issued to the vendors of
Krow Communications Ltd ("krow") based on an average share price
over the 10 preceding business days of 64.15 pence per share. The
closing price of themission on 8 April 2019 was 64.5 pence.
Application has been made for the 938,214 Ordinary Shares to be
issued to the vendors of RJW and krow (the "Earnout Shares") to be
admitted to trading on AIM, with admission expected to take place
on 12 April 2019 ("Admission").
Following the issue of the Earnout Shares, there will be
85,295,565 Ordinary Shares in issue. The Company holds no Ordinary
Shares in treasury and therefore this figure may be used by
shareholders of 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 Financial Conduct Authority's Disclosure and
Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Enquiries:
David Morgan, Chairman
Peter Fitzwilliam, Finance Director
The Mission Marketing Group plc 020 7462 1415
Mark Percy / James Thomas (Corporate
Advisory)
Shore Capital (Nomad and Broker) 020 7408 4090
themission is a network of entrepreneurial marketing
communications Agencies employing over 1,000 people in the UK, Asia
and US, working together to provide Clients with the expertise and
resource to make them more successful in today's dynamic
environment.
www.themission.co.uk
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END
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