REG - JTC PLC - Issue of Shares and Total Voting Rights

JTCAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250501:nRSA9304Ga&default-theme=true

RNS Number : 9304G  JTC PLC  01 May 2025

1 May 2025

 

 

 

JTC PLC

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

 

Issue of Shares and Total Voting Rights

 

Further to the Company's announcements on 14 June 2023 and 3 August 2023 of
the acquisition of South Dakota Trust Company, JTC announces that, following
the achievement of performance targets set out in the earn-out terms of the
Unit Purchase Agreement made inter alia with the Sellers, further
consideration of $35 million is payable.

The further consideration comprises of $25.725m in cash and 838,058 new JTC
ordinary shares, equivalent to $9.275m. The shares are subject to a 12 month
lock-in period and orderly market provisions. The cash element will be
satisfied from the Group's existing resources.

Applications have been made to the Financial Conduct Authority ("FCA") and to
the London Stock Exchange plc (the "LSE") for the New Shares to be admitted to
the premium listing segment of the Official List of the FCA and to trading on
the main market of the LSE ("Admission"). It is expected that Admission will
become effective and dealings will commence at 8.00am on Thursday 8 May 2025.

Following Admission of the New Shares the Company will have 170,303,479
Ordinary Shares of £0.01 each in issue. There are no shares held in treasury.
Therefore, following Admission of the New Shares the total number of voting
rights in the Company will be 170,303,479 (the "Voting Rights Figure"), and
this Voting Rights Figure may be used by 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.

 

For further information please contact:

 

Miranda Lansdowne

JTC (Jersey) Limited

Joint Company Secretary

+44 1534 700 000

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 our stakeholders. Our purpose is to maximize
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)

 

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  IOEBIGDSLXXDGUG