REG - SpaceandPeople PLC - Share Consolidation Update

SpaceandpeopleAnnouncement

10/06/2022 07:01

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RNS Number : 3853O  SpaceandPeople PLC  10 June 2022

SpaceandPeople plc

("SpaceandPeople" or the "Company")

Share consolidation update

 

SpaceandPeople (AIM:SAL) the retail, promotional and brand experience
specialist, is pleased to announce the following update on the Company's share
consolidation, following the announcement released on the 8 June 2022.

On 7 June 2022 at the Company's annual general meeting shareholders approved
the consolidation of the Company's ordinary share capital resulting in every
10 existing ordinary shares of 1 pence each ("Existing Ordinary Shares") being
consolidated into 1 new ordinary share of 10 pence each ("New Ordinary
Shares"), (together, the "Share Consolidation")

The Company confirms that application has been made for 1,951,957 New Ordinary
Shares to be admitted to trading on AIM ("Admission") and it is expected that
Admission will occur on 13 June 2022.

Upon Admission, the Company's issued share capital will consist of 1,951,957
New Ordinary Shares with one voting right each. The Company does not hold any
ordinary shares in treasury. Therefore, the total number of ordinary shares
and voting rights in the Company will be 1,951,957. With effect from
Admission, this figure may be used by shareholders in the Company 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
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

Further details of the Share Consolidation are set out below:

 Conversion ratio of Existing Ordinary Shares                                   10 Existing Ordinary Shares : 1 New Ordinary Share
 Number of Existing Ordinary Shares in issue as at the date of this document    19,519,563
 Number of Existing Ordinary Shares expected to be in issue immediately prior   19,519,570
 to the Consolidation 1 
 Number of New Ordinary Shares expected to be in issue following the            1,951,957
 Consolidation
 Nominal value of New Ordinary Shares following the Consolidation               £0.10
 ISIN for the New Ordinary Shares                                               GB00BPQDJM21
 SEDOL for the New Ordinary Shares                                              BPQDJM2
 Expected restoration of the Company's shares to trading on AIM                 7.30am on 13 June 2022
 Expected date of Admission of New Ordinary Shares                              8.00am on 13 June 2022
 Expected date CREST accounts are to be credited with the New Ordinary Shares   13 June 2022
 in uncertificated form
 Expected date for despatch of definitive certificates for New Ordinary Shares  by no later than 22 June 2022
 in certificated form

 

 1  Comprises the 19,519,563 Existing Ordinary Shares in issue as at the date
hereof and the 7 additional ordinary shares to be issued prior to the
Consolidation.

 

Enquiries

SpaceandPeople plc

Nancy Cullen, Gregor Dunlay
 
                                0845 241 8215

 

Zeus (Nominated Adviser and Broker)

David Foreman, Jamie Peel
 
                020 3829 5000

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