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25 Apr 2014 10:58
Chime Communications plc
25 April 2014
Chime Communications plc
("the Company")
Additional Listing
The Company announces that, as a result of its subsidiary Just Marketing Inc. ("JMI") achieving certain earn out targets under the stock purchase agreement between the Company, Chime USA Inc, JMI Holdings LLC and JMI, 122,352 ordinary shares of 25 pence each ("Shares") will be issued to Zak Brown (President and CEO of JMI).
Furthermore, as a result of the achievement of the profit targets set under the original agreement to acquire McKenzie Clark Limited, deferred consideration has become payable. In accordance with the terms of the original agreement, the Company will satisfy 40% of the total amount due with the issue of 218,536 ordinary Shares.
Application has therefore been made to the Financial Conduct Authority and the London Stock Exchange plc for 340,888 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 30 April 2014. The Shares will rank pari passu with the Company's existing issued Shares.
The issued share capital of the Company is currently 98,373,677 Shares each with voting rights. Therefore, following admission of the new 340,888 Shares, the issued share capital of the Company on 30 April 2014 will be 98,714,565 Shares each with voting rights.
For further information, please contact:
Mark Smith 020 7096 5833
Chief Operating Officer and Finance Director
Robert Davison 020 7096 5860
Company Secretary
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