REG - IDOX PLC - Issue and Allotment of Consideration Shares

IdoxAnnouncement

09/05/2024 07:00

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RNS Number : 6992N  IDOX PLC  09 May 2024

9 May 2024

Idox plc

("Idox", "the Company" or "the Group")

Issue and Allotment of Consideration Shares

Idox plc (AIM: IDOX) a leading supplier of specialist information management
software and geospatial data solutions to the public and asset intensive
sectors, announces that it has issued 633,641 new ordinary shares of 1 pence
each in the Company ("Consideration Shares") as payment of the deferred equity
consideration in respect of its acquisition of LandHawk Software Services
Limited, as announced on 3 October 2022 ("Acquisition"). The Consideration
Shares were issued with an effective date of 1 April 2024 , comprising 633,641
shares.  The total consideration was £1.5m, of which £1.1m was paid in cash
at the time of the Acquisition in October 2022. The total earn-out
consideration for the Acquisition comprised a payment of £1.1m in cash, and
633,641 in shares, payable over an 18-month period. These amounts will
complete the full consideration for the Acquisition.

Applications have been made for the 633,641 Consideration Shares to be
admitted to trading on AIM ("Admission"). It is expected that Admission will
occur at 8.00 a.m. on or around 14 May 2024.

The total number of ordinary shares in issue following Admission will be
460,011,622. The Company does not hold any ordinary shares in treasury.
Therefore, the total number of ordinary shares with voting rights in the
Company will be 460,011,622.

The above figure of 460,011,622 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 and Transparency Rules.

 For further information please contact:

Idox
plc
+44 (0) 870 333 7101

Chris Stone, Non-Executive Chairman

David Meaden, Chief Executive

Anoop Kang, Chief Financial Officer

Peel Hunt LLP (NOMAD and Broker)              +44 (0) 20 7418
8900

Paul Gillam

Adam Telling

MHP
Group
+ 44 (0) 203 128 8100

Reg
Hoare
idox@mhpgroup.com

Ollie Hoare

Matthew Taylor

About Idox plc

For more information see www.idoxplc.com (http://www.idoxplc.com/) ,
@Idoxgroup

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