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1 Aug 2013 07:00
Chime Communications plc
1 August 2013
Chime Communications plc
("the Company")
Additional Listing
The Company announces that as a result of the obligations set out in the original Share Purchase Agreement for the acquisition of People Marketing UK Limited agreed on 15th May 2013 ("People Marketing SPA") the balance of the initial consideration has become payable to the value of HK$102.4 million. Under the terms of the People Marketing SPA the Company will satisfy this amount by the issue of 419,448 ordinary shares of 25 pence each ("Shares") and the remaining consideration of HK$89.6 million will be paid in cash.
Furthermore, as part of the Earn Out under the terms of the Torphines Limited and McKenzie Clark Limited Share Purchase Agreement dated 6 March 2012 made between Graham Clark and Others and Chime Communications Plc ("McKenzie Clark SPA"), a further 42,228 Shares have been issued.
Application has therefore been made to the Financial Conduct Authority and the London Stock Exchange plc for 461,676 Shares to be admitted to the Official List of the UKLA and to trading on the London Stock Exchange. It is expected that the Shares will be admitted and trading will commence on 5 August 2013. The Shares will rank pari passu with the Company's existing issued Shares.
The issued share capital of the Company is currently 85,761,842 Shares each with voting rights. Therefore, following admission of the new 461,676 Shares, the issued share capital of the Company on 5 August 2013 will be 86,223,518 Shares each with voting rights.
For further information, please contact:
Mark Smith +44 (0)20 7096 5833
Finance Director
Robert Davison +44 (0)20 7096 5860
Company Secretary
Bell Pottinger Pelham +44 (0)20 7861 3925
Victoria Geoghegan
Elizabeth Snow
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