REG - Belluscura PLC TMT Acquisition PLC - Issue of Equity

BelluscuraAnnouncement

05/04/2024 16:00

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RNS Number : 5594J  Belluscura PLC  05 April 2024

5 April 2024

 

 

BELLUSCURA PLC

 

Recommended all-share offer for TMT Acquisition plc by Belluscura plc

 

Issue of Equity

 

On 19 January 2024, the Board of Belluscura plc ("Belluscura") and the
independent director of TMT Acquisition plc ("TMT Acquisition") announced the
revised terms of the recommended all share offer to be made by Belluscura for
the whole of the issued share capital of TMT Acquisition (the "Offer"),
originally announced on 31 October 2023. The full terms and conditions of the
Offer were set out in the offer document dated 19 January 2024 (the "Offer
Document").

 

Belluscura announced on 9 February 2024 that the Offer had become wholly
unconditional and the Offer closed ion 8 March 2024.

 

As previously announced the Company has on 22 February 2024 formal compulsory
acquisition notices under section 979n of the Companies Act 2006 (as amended)
were sent to all TMT Acquisition Shareholders who at that date had not
accepted the Offer, for the compulsory acquisition by Belluscura of all the
TMT Acquisition Shares owned by such TMT Acquisition Shareholders on the same
terms of the Offer.

 

The Compulsory Acquisition process has now concluded and the Company has today
issued and allotted a further 647,450 New Belluscura Shares in consideration
of the TMT Acquisition shares acquired through the compulsory acquisition.

 

Application has been made for these New Belluscura Shares to be admitted to be
admitted to trading on AIM ("AIM Admission") and AIM Admission is expected to
take place at 8.00am on Monday 8 April 2024.  The New Belluscura Shares will
rank pari passu in all respects with Belluscura existing ordinary shares.

 

Belluscura Total Voting Rights

 

The total number of ordinary shares of 1 penny each in Belluscura now in issue
is 165,032,567 with International Securities Identification Number (ISIN)
GB00BD3B8Z11.

 

There are no ordinary shares held in treasury and therefore the total number
of voting rights in Belluscura is 165,032,567. This 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, Belluscura under the FCA's Disclosure Guidance and
Transparency Rules.

 

 

Enquiries:

 

 Belluscura plc                                                        via MHP Group

 Adam Reynolds

 Dowgate Capital Limited - Financial Advisor and Broker to Belluscura  +44 (0)20 3903 7715

 Russell Cook / Nicholas Chambers

 SPARK Advisory Partners Limited - Nominated Advisor to Belluscura     +44 (0)20 3368 3554

 Neil Baldwin / Jade Bayat

 MHP Group - Financial PR & Investor Relations to Belluscura           Belluscura@mhpgroup.com (mailto:Belluscura@mhpgroup.com)

 Katie Hunt / Matthew Taylor

 

 

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