REG - IDOX PLC - Payment of Earnout and Allotment of Shares

IdoxAnnouncement

15/12/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221215:nRSO7592Ja&default-theme=true

RNS Number : 7592J  IDOX PLC  15 December 2022

15 December 2022

Idox plc

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

Payment of Earnout and Allotment of Shares

Idox plc (AIM: IDOX) a leading supplier of specialist information management
software and solutions to the public and asset-intensive sectors, announces
that it has issued 814,332 new ordinary shares of 1 pence each in the Company
("Earn Out Shares") as part payment of the second earn-out consideration in
respect of its acquisition of Aligned Assets Limited, as announced on 7 June
2021 ("Acquisition"). The second earn-out has been paid in full, comprising
£500,000 in cash and 814,332 shares.  The earn-out was based on achieving
certain gross revenue targets during the 18-month period following the
Acquisition. A final tranche of earn out consideration in respect of product
deliverables, of up to an additional £500,000 in cash and an additional
814,332 shares may become payable at the conclusion of the second year of
ownership in June 2023.

Applications have been made for the 814,332 Earn Out Shares to be admitted to
trading on AIM ("Admission"). It is expected that Admission will occur at 8.00
a.m. on or around 16 December 2022.

The total number of ordinary shares in issue following Admission will be
453,338,220. The Company holds 1,426,219 ordinary shares in treasury.
Therefore, the total number of ordinary shares with voting rights in the
Company will be 451,912,001.

The above figure of 451,912,001 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

James Smith

MHP Communications
      + 44 (0) 203 128 8276

Reg Hoare
                idox@mhpc.com

Ollie Hoare

Matthew Taylor

About Idox plc

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TVRTIBPTMTTBBBT