TIDMLSAI

RNS Number : 7016R

Location Sciences Group PLC

01 July 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 11,428,666 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") pursuant to the final exercise of warrants at 0.1p per Ordinary Share. The Company confirms that the warrant instrument has now lapsed and no further Ordinary Shares will be issued pursuant to the exercise of warrants issued on 26 March 2020.

Application has been made for the admission of 11,428,666 Ordinary Shares to trading on AIM ("Admission") and it is expected that this will occur on 6 July 2020. These shares will rank pari passu in all respects with the Company's existing issued Ordinary Shares.

Following Admission, the Company will have 570,368,300 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 Joint    Tel: +44 (0)20 7408 4090 
  Broker) 
 Tom Griffiths 
 David Coaten 
 
 Peterhouse Capital (Joint        Tel: +44 (0) 20 7220 9791 
  Broker) 
  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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July 01, 2020 05:02 ET (09:02 GMT)

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