18 Aug 2014 15:41
18 August 2014
EU Supply PLC
("EU Supply", the "Group", or the "Company")
Exercise of Warrants and Total Voting Rights
EU Supply plc (AIM:EUSP), the e-procurement SaaS provider, announces that it has received notices to exercise warrants over 202,000 new ordinary shares of 0.1 pence each in the Company ("Shares") at an exercise price of 20.31 pence per Share. Accordingly, the Company will issue 202,000 Shares in settlement of this exercise. Details of the warrants were set out in the Company's admission document dated 7th November 2014.
The Shares will rank pari passu with the existing ordinary shares of 0.1p each in the Company. Application has been made for the admission to trading on AIM ("Admission") of the 202,000 Shares. Admission is expected to become effective and dealings in the Shares will commence on 20 August 2014.
Following Admission, the Company will have 61,958,406 ordinary shares in issue, each with voting rights (which figure may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules).
For further information please contact:
EU Supply PLC | via Newgate Threadneedle |
Thomas Beergrehn, CEO | |
Mark Elliott, CFO | |
Westhouse Securities | Tel: 020 7601 6100 |
Tom Griffiths, David Coaten | |
Newgate Threadneedle | Tel: 020 7653 9850 |
Caroline Evans-Jones, Josh Royston, Hilary Millar |
Notes to Editors
EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business which has an established, market-leading, multilingual e-procurement platform for e-sourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.
Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.
The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 7,000 European public sector bodies in 10 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).
The Company's shares were admitted to trading on AIM on 13 November 2013 ("Admission") when the Company raised £5.0 million before expenses. More recently, in July 2014, the Company raised a further £1.35 million by way of a placing of new ordinary shares at 33p per share (the "Placing"), the proceeds of which were mainly used to strengthen the Company's balance sheet, provide working capital to support the growth of the business as it expands and aims to gain market share and to provide additional funds for sales and marketing.