Issue of Equity and Total Voting Rights
22/03/2022 13:14
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RNS Number : 6321F Sureserve Group PLC 22 March 2022
22 March 2022
Sureserve Group plc
("Sureserve" or the "Group")
Issue of Equity and Total Voting Rights
Sureserve Group plc (AIM: SUR), the social housing energy services Group,
announces, further to the announcement of its acquisition of CorEnergy Limited
("CorEnergy") dated 8 December 2021 (the "Acquisition Announcement"), that it
has issued and allotted 422,932 new ordinary shares of 10p each in Sureserve
(the "Deferred Consideration Shares") to the vendors of CorEnergy Limited in
satisfaction of the share-based element of the deferred consideration for the
acquisition. As noted in Acquisition Announcement, further deferred
consideration may be due, split equally between cash and shares, depending on
CorEnergy's full year results to 31 December 2021. Accordingly, following the
finalisation of CorEnergy's full year results, deferred consideration of
£756,202 will be satisfied by way of the payment of £378,101 in cash and the
issue of the 422,932 Deferred Consideration Shares at the agreed issue price
of 89.4p per share stated in the Acquisition Announcement.
Admission and total voting rights
Application for admission of the Deferred Consideration Shares to trading on
AIM has been made and dealings in the Deferred Consideration Shares are
expected to commence at 8.00 a.m. on 25 March 2022 ("Admission"). The Deferred
Consideration Shares will rank pari-passu with the Company's existing issued
ordinary shares.
Following Admission, the total number of ordinary shares in issue will be
165,063,751. The Company does not hold any ordinary shares in treasury. This
figure of 165,063,751 ordinary shares 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 Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
Enquiries
Sureserve Group
Nick Winks, Chairman 07973 316 544
Peter Smith, Chief Executive Officer 07590 929 431
Camarco (Financial Public Relations)
Ginny Pulbrook 020 3757 4992
Rosie Driscoll
Toby Strong
Shore Capital (Nominated Adviser and Broker)
Stephane Auton 020 7408 4090
Daniel Bush
Fiona Conroy
Notes to editors
Sureserve is a leading UK social housing energy services Group. The Group was
founded in 1988 and is headquartered in Dartford. It currently employs some
2,381 staff from 27 offices across the UK.
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