Location Sciences Group PLC Issue of Equity and Total Voting Rights (3394A)
20 Gennaio 2020 - 12:41PM
UK Regulatory
TIDMLSAI
RNS Number : 3394A
Location Sciences Group PLC
20 January 2020
20 January 2020
Location Sciences Group PLC
("Location Sciences" or the "Company")
Issue of Ordinary Shares
and
Total Voting Rights
Location Sciences (AIM: LSAI), the leading location data
verification company, has agreed to issue and allot 6,153,840 new
ordinary shares of one penny each in the capital of the Company
("Settlement Shares") in order to settle a debt with one of its
suppliers. The Settlement Shares, which will rank pari passu with
the Company's existing ordinary shares, were issued at a price of
1.25 pence per share.
Application has been made to the London Stock Exchange for the
admission of the Settlement Shares to trading on AIM ("Admission").
Admission is expected to occur at 8.00 a.m. on 23 January 2020.
Following Admission, the total number of ordinary shares in issue
will be 376,651,734 and the total number of voting rights in the
Company will be 376,651,734. There are no shares held in
treasury.
This figure, 376,651,734, may be used by shareholders as the
denominator for the calculation by which they may determine if they
are required to notify their interest in, or change to their
interest in, the Company under the Disclosure Guidance and
Transparency Rules published by the Financial Conduct
Authority.
For further information please contact:
Shore Capital (Nominated Adviser Tel: +44 (0)20 7408 4090
and Broker)
Tom Griffiths/David Coaten
Milk & Honey PR Tel: +44 (0)20 3637 7310
Kirsty Leighton
Jessica Ballinger
About Location Sciences Group PLC:
Location Sciences is the pre-eminent global location
verification provider to the $160 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 market place remains unregulated and
un-monitored, 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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January 20, 2020 06:41 ET (11:41 GMT)
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