Last checked at 30 Nov 2020 12:20
Fiske Plc
Issue of Equity
30 November 2020
Fiske plc ('Fiske' or 'the Company') today announces that further to the acquisition of Fieldings Investment Management Ltd ("Fieldings") announced on 27 July 2017, the third and final deferred consideration payment due to the vendors of Fieldings will be £198,480 (the "Final Deferred Consideration"). In accordance with the agreement, 20 per cent. of the Final Deferred Consideration is payable in ordinary shares of 25p each in the Company ("Ordinary Shares") issued at the average closing price of the 15 business days prior to allotment. The Company has therefore issued 61,069 Ordinary Shares at a price of 65.0p each.
Application has been made for these new Ordinary Shares to be admitted to trading on AIM with admission expected to take place on, or around, 4 December 2020 ("Admission").
Following Admission, the Company's enlarged share capital will comprise 11,754,859 Ordinary Shares. No shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 11,754,859. 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
3,826 Ordinary Shares will be issued to Tony Pattison, Director of the Company and previously a shareholder of Fieldings. Following the issue of these new shares, Mr Pattison will hold 349,617 Ordinary Shares representing 2.97 per cent. of the Company's total voting rights. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
The information communicated in this announcement constitutes inside information for the purposes of Article 7 of Regulation 596/2014. Following publication of this announcement this information is considered to be in the public domain.
For further information please contact:
Samantha Harrison, Harrison Clarke - Grant Thornton UK LLP (Nominated Adviser)
(tel: 020 7383 5100)
James Harrison, Fiske Plc - CEO
(tel: 020 7448 4700)
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Tony Pattison | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Director | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Fiske Plc | |||
b)
| LEI
| 213800Z5PKJOV7GWXE43 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 25 pence each | |||
Identification code | FISK | ||||
b)
| Nature of the transaction
| Issue of shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) £0.65 | Volume(s) 3,826 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 30/11/2020 | |||
f)
| Place of the transaction
| Outside of trading venue | |||