rns31 Jan 2020 07:21
SUMO GROUP PLC
(the "Company")
Issue of Equity and Total Voting Rights
Issue of Deferred Consideration Shares
Sumo Group plc (AIM: SUMO) announces the issue of 1,162,791 Ordinary Shares as deferred consideration for the acquisition of Red Kite Games Limited. These shares are being issued on the first anniversary of the completion of the acquisition in accordance with the terms of the acquisition and as previously announced represent £1.5m of deferred consideration based on the share price of 129p at the date of acquisition.
The 1,162,791 Ordinary Shares issued will rank pari pasu with the Company's existing Ordinary Shares and admission to trading on AIM is expected to take place on or around 3 February 2020 ("Admission").
Total Voting Rights
The Company confirms that following Admission, the Company will have 151,768,943 ordinary shares of £0.01 each ("Ordinary Shares") in issue, with one voting right each.
The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights is therefore 151,768,943.
Accordingly, this figure may be used by shareholders as a denominator for the calculation 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 FCA's Disclosure and Transparency Rules.......