REG - Bigblu Broadband PLC - Issue of Equity

Bigblu BroadbandAnnouncement

09/06/2023 07:00

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RNS Number : 1687C  Bigblu Broadband PLC  09 June 2023

Bigblu Broadband plc

('BBB' or the 'Company' or the 'Group')

 

Issue of Equity and Total Voting Rights

 

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative
super-fast and ultra-fast broadband services, announces that, following an
exercise of options by a former employee, it has issued and allotted 36,160
new ordinary shares in the Company of 15 pence each ("Ordinary Shares").
Application will be made for the new Ordinary Shares to be admitted to trading
on AIM and dealings are expected to commence on or around the 13 June 2023.

Total Voting Rights

The new Ordinary Shares will rank pari passu with the existing shares of the
Company. Following the exercise of options, the Company's issued share capital
consists of 58,551,487 Ordinary Shares. Accordingly, the figure of 58,551,487
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 the Company under the FCA's Disclosure Guidance
and Transparency Rules.

 

For further information:

 

 Bigblu Broadband Group plc                                      www.bbb-plc.com (http://www.bbb-plc.com)
 Andrew Walwyn, Chief Executive Officer

 Frank Waters, Chief Financial Officer

 finnCap (Nomad and Broker)                                      Tel: +44 (0)20 7220 0500

 Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance)

 Tim Redfern / Harriet Ward

 (ECM)

 

ABOUT BBB

 

Bigblu Broadband plc (AIM: BBB.L), is a leading provider of alternative
super-fast broadband solutions throughout Australasia and the Nordics. BBB
delivers a portfolio of super-fast wireless broadband products for consumers
and businesses unserved or underserved by fibre.

 

High levels of recurring revenue, increasing economies of scale and Government
stimulation of the alternative broadband market in many countries provide a
solid foundation for significant organic growth as demand for alternative
super-fast broadband services increases around the world.

 

BBB's range of solutions includes satellite, next generation fixed wireless
and 4G/5G delivering between 30 Mbps and 150 Mbps for consumers, and up to 1
Gbps for businesses. BBB provides customers ongoing services including
hardware supply, installation, pre- and post-sale support, billings and
collections, whilst offering appropriate tariffs depending on each end user's
requirements.

 

Importantly, as its core technologies evolve, and more affordable capacity is
made available, BBB continues to offer ever-increasing speeds and higher data
throughputs to satisfy market demands for 'video-on-demand'. Its alternative
broadband offerings present a customer experience that is similar to that
offered by wired broadband and the connection can be shared in the normal way
with PCs, tablets and smart phones via a normal wired or wireless router.

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