REG - Gateley (Holdings) - Issue of Equity relating to Gateley RJA and TVR

Gateley (Holdings)Announcement

09/09/2025 11:00

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RNS Number : 6147Y  Gateley (Holdings) PLC  09 September 2025

9 September 2025

 

GATELEY (HOLDINGS) PLC

("Gateley" or the "Company")

 

Issue of Equity in relation to Gateley RJA

and

Total Voting Rights

 

Gateley (Holdings) Plc (AIM: GTLY), the professional services group, announces
that pursuant to the terms of the acquisition of RJA Consultants, now Gateley
RJA ("RJA"), which completed in July 2023, earn out consideration of £1.0
million was paid to the vendors on 5 September 2025, satisfied 50% in ordinary
shares in Gateley and 50% in cash.

The second and final tranche earn-out hurdle of £5m was achieved through the
delivery of £6.4m of revenue over the 12 months to 31 March 2025. This
represents a 28.0% over achievement above the year one hurdle.

The earn-out consideration comprises £0.5 million in cash and £0.5 million
in shares, based upon a 20-day average share price up to 4 September 2025 of
£1.25.  Accordingly, 411,024 ordinary shares of 10p each in Gateley
("Ordinary Shares") are being issued and application has been made to the
London Stock Exchange plc for these shares to be admitted to trading on AIM
("Admission").  Admission is expected to occur at 8.00 a.m. on 12 September
2025.

Rod Waldie, Gateley Chief Executive Officer, said:

 

"I am delighted that RJA's strong performance since joining the Group has
resulted in the achievement of the second, and final, of two earn-out payments
being achieved.  RJA is an excellent addition to the increasingly broad range
of legal and consultancy services on our Property Platform.  The team is
highly regarded in the affordable housing sector, which we anticipate will
continue to benefit from the Government's housing policy. In addition, RJA's
specialism in major loss property claims enhances our existing expertise at
Gateley Smithers Purslow and Gateley Vinden, both of which are growing revenue
from the UK property insurance sector."

Total Voting Rights

Following Admission, Gateley's total issued share capital will comprise
136,125,863 Ordinary Shares in issue with one voting right per share.

The above 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 to their interest in, the share capital
of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 

 Gateley (Holdings) Plc
 Neil Smith, Chief Financial Officer                               Tel: +44 (0) 121 234 0196
 Nick Smith, Acquisitions Director and Head of Investor Relations  Tel: +44 (0) 20 7653 1665
 Cara Zachariou, Communications Director                           Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946

 Panmure Liberum - Nominated Adviser and Broker                    Tel: +44 (0) 20 3100 2000

 Nicholas How/Satbir Kler

 

 

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