Location Sciences Group PLC Issue of Equity and Total Voting Rights (1182M)
06 Maggio 2020 - 11:42AM
UK Regulatory
TIDMLSAI
RNS Number : 1182M
Location Sciences Group PLC
06 May 2020
Location Sciences Group PLC
("Location Sciences" or the "Company")
Issue of Equity
and
Total Voting Rights
Further to its announcement of 26 March 2020, Location Sciences
(AIM: LSAI), the leading location data verification company,
announces that it is issuing, in aggregate, 26,780,665 new ordinary
shares of 0.1 pence each in the capital of the Company ("Ordinary
Shares") comprising 21,980,665 new Ordinary Shares further to the
exercise of warrants at 0.1 pence per Ordinary Share and 4,800,000
new Ordinary Shares ("Peterhouse Shares") at 0.625 pence per
Ordinary Share as part of the corporate broking fees due to
Peterhouse Capital Limited in connection with services provided to
the Company on the fundraising announced on 6 March 2020. The
Peterhouse Shares have been issued utilising the Company's existing
share authorities obtained at the Company's annual general meeting
of shareholders held on 9 April 2020.
Application has been made for the admission of 26,780,665 new
Ordinary Shares to trading on AIM ("Admission") which is expected
to occur on 7 May 2020. The new Ordinary Shares will rank pari
passu in all respects with the Company's existing issued Ordinary
Shares.
Following Admission, the Company will have 533,748,302 Ordinary
Shares in issue admitted to trading on AIM. This figure 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
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
For further information please contact:
Location Sciences Group PLC via Milk and Honey PR
Mark Slade, Chief Executive
Officer
David Rae, Chief Financial
Officer
Shore Capital (Nomad and Tel: +44 (0)20 7408 4090
Joint Broker)
Tom Griffiths
David Coaten
Peterhouse Capital (Joint Tel: +44 (0) 20 7220
Broker) 9791
Charles Goodfellow
Eran Zucker
Milk & Honey PR Tel: +44 (0)20 3637 7310
Kirsty Leighton
Jessica Ballinger
The person making this notification on behalf of the Company is
David Rae, Chief Financial Officer of the Company.
About Location Sciences
Location Sciences is the pre-eminent global location
verification provider to the $190 billion digital advertising
industry, working in partnership with brands, media agencies and
suppliers to reduce ad wastage and improve the effectiveness of
location-based advertising campaigns.
The digital advertising marketplace remains unregulated and
unmonitored, with an estimated $19 billion wasted on ad fraud in
2018. Location Sciences has developed Verify, the world's first
independent location verification product. Utilising sophisticated
machine learning and pattern recognition technologies, Verify
detects location ad fraud and shines a light on location data
inaccuracy with the aim of bringing back integrity, transparency
and trust to the market place.
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 or visit www.rns.com.
END
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May 06, 2020 05:42 ET (09:42 GMT)
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