REG - JTC PLC - Issue of Equity

JTCAnnouncement

22/11/2021 07:05

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RNS Number : 9927S  JTC PLC  22 November 2021

22 November 2021

 

 

JTC PLC

(the "Company" and together with its subsidiaries "JTC" or the "Group")

 

Issue of Equity

 

Further to the Company's announcements on 2 April 2020 and 30 April 2020 of
the completion of the acquisition of NES Financial ("NESF") and the issue of
new ordinary shares in the Company, JTC announces that pursuant to the terms
of the Plan and Agreement of Merger made inter alia between JTC and NESF, and
following the expiration of the applicable Claim Period, the share
consideration 'held back' in the Indemnification Holdback Fund has been
approved for release.

Accordingly, applications have been made to the Financial Conduct Authority
("FCA") and London Stock Exchange plc (the "London Stock Exchange"),
respectively, for 403,593 new ordinary shares of £0.01 each in the capital of
the Company (the "Shares"), being the Indemnification Holdback Fund, to be
admitted to the premium listing segment of the Official List of the FCA and to
trading on the main market of the London Stock Exchange ("Admission"). It is
expected that Admission will become effective and dealings in the Shares will
commence at 8.00am on Thursday 25 November 2021.

Following Admission the Company will have 147,423,417 ordinary shares of
£0.01 each in issue. There are no shares held in treasury. Therefore,
following Admission the total number of voting rights in the Company will be
147,423,417 (the "Voting Rights Figure"), and this Voting Rights Figure may be
used by the Company's shareholders as the denominator for the calculations by
which they will determine if they are required to notify their voting rights
interest, or a change to that interest, in the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

Enquiries:

 

JTC
PLC

 

Miranda Lansdowne

 

JTC (Jersey) Limited, Company Secretary

 

+44(0)1534 816 290

 

Miranda.Lansdowne@jtcgroup.com

 

 

About JTC

 

JTC is a publicly listed, global professional services business with deep
expertise in fund, corporate and private client services. Every JTC person is
an owner of the business and this fundamental part of our culture aligns us
with the best interests of all of our stakeholders. Our purpose is to maximise
potential and our success is built on service excellence, long-term
relationships and technology capabilities that drive efficiency and add
value.

 

www.jtcgroup.com (http://www.jtcgroup.com/)

 

 

 

 

 

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