Xpediator PLC Completion of Acquisition and issue of shares (6524U)
16 July 2018 - 4:00PM
UK Regulatory
TIDMXPD
RNS Number : 6524U
Xpediator PLC
16 July 2018
16 July 2018
Xpediator Plc
("Xpediator" or the "Group")
Completion of Acquisition and issue of shares
Xpediator, (AIM: XPD) a leading provider of freight management
services across the UK and Europe, is pleased to announce that
further to the announcements released on 9 and 10 July 2018, the
Company has completed the acquisition ("Acquisition") of Import
Services Limited ("ISL").
As part of the Acquisition consideration the Company has issued
3,740,648 new ordinary shares of 5 pence each in the Company to the
vendors of ISL. Application has been made for the new ordinary
shares, which will rank pari passu with the existing ordinary
shares of 5pence each in the Company, to be admitted to trading on
the AIM market of the London Stock Exchange ("Admission"). It is
expected that Admission will occur at 8:00 am on or around 17 July
2018.
Following Admission, the Company will have 132,899,486 Ordinary
Shares in issue, of which none are held in Treasury. Therefore, the
total number of Ordinary Shares in the Company with voting rights
will be 132,899,486. This figure may be used by shareholders in 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 in their interest in, the share capital of the Company under
the FCA's Disclosure and Transparency Rules.
Xpediator plc Tel: +44 (0)330 043
2395
Stephen Blyth, Chief Executive Officer Email: info@xpediator.com
Richard Myson, Chief Financial Officer
SP Angel Corporate Finance LLP (Nominated Tel: +44 (0)20 3470
Advisor & Joint Broker) 0470
Jeff Keating
Caroline Rowe
Cantor Fitzgerald Europe (Joint Broker) Tel: +44 (0)20 7894
7000
David Foreman, Michael Boot (Corporate Finance)
Caspar Shand Kydd, Alex Pollen (Sales)
Novella Communications (Financial Public Tel: +44 (0)20 3151
Relations) 7008
Tim Robertson
Toby Andrews
About Xpediator:
Xpediator is a well-established international provider of
freight management services. Established in 1988 by CEO Stephen
Blyth today the Group's International network of offices provides
road, sea and air freight services, together with logistics and
warehousing in the UK and Romania. The business offers integrated
freight management within the supply chain logistics and fulfilment
sector, through their three main areas: freight forwarding,
logistics & warehousing and transport services. With
headquarters in Braintree, Essex and country offices in nine CEE
countries across 31 sites, the Group currently employs 838 people
and was successfully listed on London's AIM market in August
2017.
For more information, please visit: www.xpediator.com
Do follow us on Twitter at @Xpediator, or on LinkedIn at
Xpediator Plc, or alternatively find us on VoxMarkets using the
ticker "XPD".
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END
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