29 Sep 2015 17:47
29 September 2015
SYNETY Group plc
("SYNETY" or the "Group")
Issue of Equity and Total Voting Rights
Further to the Group's announcement of 15 September 2015, SYNETY Group plc (AIM: SNTY.L) announces that, as part of the acquisition of Synety Limited in September 2012, deferred contingent consideration of 740,861 ordinary shares of 20 pence each in the capital of the Group ("Ordinary Shares") is now due following the Group meeting all of the growth targets.
Furthermore, the acquisition of Synety Limited provided for a Management Incentive Plan of up to 633,214 Ordinary Shares (the "MIP Shares") of 20 pence each subject to the Group meeting certain growth targets. These targets have also been met in full and the MIP Shares are now due.
The following directors and management of the Group have, therefore, today been issued an aggregate of 1,374,075 Ordinary Shares as follows:
Director | New Ordinary Shares issued pursuant to | Number of new Ordinary Shares issued | Total number of Ordinary Shares held following the issue | % of total voting rights in the Group |
Simon Cleaver | Management Incentive Plan | 379,928 | 771,176 | 5.71% |
Dr. Georg Oehm* | Management Incentive Plan | 126,643 | 141,643 | 1.05% |
David Whelan | Management Incentive Plan | 126,643 | 126,643 | 0.94% |
Mark Seemann | Contingent consideration for Synety Limited | 424,736 | 1,346,842 | 9.97% |
Jason Kendall** | Contingent consideration for Synety Limited | 212,405 | 755,183 | 5.59% |
(Alan) Graham Ward | Contingent consideration for Synety Limited | 103,720 | 338,590 | 2.51% |
* In addition, Mellinckrodt 2 SICAV, a Luxembourg registered investment fund continues to hold 614,458 Ordinary Shares, representing 4.55% of the Group's total voting rights. Dr. Georg Oehm sits on the investment committee of Mellinckrodt 2 SICAV and his family hold shares in the fund. Dr. Georg Oehm therefore also has an indirect interest in the Company.
** Director of Synety Limited, a wholly-owned subsidiary of Synety Group plc
Application has been made to the London Stock Exchange for the 1,374,075 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 5 October 2015 ("Admission").
Following Admission, the Group's total issued share capital will consist of 13,504,867 Ordinary Shares with one voting right per share. The Group does not hold any Ordinary Shares in Treasury. Therefore, the total number of voting rights in the Group will be 13,504,867. 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 FCA's Disclosure and Transparency Rules.
For additional information:
Simon Cleaver | Synety Group plc | +44 (0)20 3587 7188 |
Ben Wright (Nominated Adviser) / Shaun Dobson / Alex Wright
| N+1 Singer | +44 (0)20 7496 3000 |