REG - Made Tech Group PLC - Issue of New Ordinary Shares to EBT

Made TechAnnouncement

29/09/2022 07:01

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RNS Number : 0622B  Made Tech Group PLC  29 September 2022

29 September 2022

 

MADE TECH GROUP PLC

("Made Tech" or the "Group")

 

Issue of New Ordinary Shares to EBT

 

Made Tech Group plc, a leading provider of digital, data and technology
services to the UK public sector, announces that it will issue 1,208,881 new
ordinary shares in the Company to the Made Tech Employee Benefit Trust (the
"EBT"), at a nominal value of 0.05 pence. The new ordinary shares issued to
the EBT will be held by the EBT before being used to satisfy the exercise of
options that vest and become exercisable on 30 September 2022 under the
Company's RSP and LTIP.

 

Periodically, as further options vest and become exercisable under the
Company's RSP and LTIP, the Company may issue further new ordinary shares to
the EBT in order to satisfy any option exercises that may occur from time to
time. The maximum number of shares that the EBT can hold at any one time is
limited to 5% of the Company's issued share capital.

 

Admission and Total Voting Rights

 

Application has been made for the admission of 1,208,881 new ordinary shares
in the Company to be admitted to trading on AIM ("Admission"). The new
ordinary shares will rank pari passu with the existing issued ordinary shares
of the Company. It is expected that Admission will become effective and that
trading in the new ordinary shares will commence at or around 8.00 am on 30
September 2022.

 

On Admission, the total number of ordinary shares in the Company will be
149,287,054. The Company does not currently hold any ordinary shares in
treasury. Therefore, from Admission, the total number of voting rights in the
Company will be 149,287,054, which 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 Guidance and Transparency Rules.

 

 

Enquiries:

 

 Made Tech Group plc                                      via Belvedere PR

 Rory MacDonald, CEO

 Deborah Lovegrove, CFO
 Singer Capital Markets (Nominated Adviser & Broker)      Tel: +44 20 7496 3000

 Mark Taylor / Harry Gooden / Asha Chotai
 Belvedere PR (Financial PR)

 Cat Valentine                                            Tel: +44 7715 769078

 Keeley Clarke                                            Tel: +44 7967 816525

                                                          Email: madetech@belvederepr.com (mailto:madetech@belvederepr.com)

 

About Made Tech

 

Made Tech is a high-growth provider of digital, data and technology services
to the UK public sector. Founded in 2008 and with a headcount of
over 470 people across multiple UK locations, Made Tech provides services
that enable central government, healthcare and local government organisations
to digitally transform.

 

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