Getbusy Regulatory News (GETB)

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Further, this Announcement is made for information purposes only and does not constitute an offer to sell or issue or a solicitation to buy, subscribe for or otherwise acquire shares in GetBusy plc in any jurisdiction in which any such offer or solicitation would be unlawful.

8 January 2020

GetBusy plc

Completion of Share Capital Reorganisation

Further to the announcement on 7 January 2020 confirming the passing of all the resolutions at the General Meeting, GetBusy is pleased to announce the completion of the Share Capital Reorganisation and Placing.

At the Record Date of 6:00 p.m. on 7 January 2020, the Ordinary Shares were consolidated on a 1 for 5,000 basis such that every 5,000 Ordinary Shares were consolidated into 1 Consolidated Ordinary Share. Immediately following the Consolidation, the Consolidated Ordinary Shares (which included the Consolidated Ordinary Shares representing the Fractional Entitlements) were sub-divided on the basis of 5,000 New Ordinary Shares for each Consolidated Ordinary Share held.

Further to the Company's announcement on 18 December 2019, in which it announced that Liberum had conditionally placed 4,444,444 New Ordinary Shares in order to minimise the risk that the number of Fractional Entitlements exceeds the Placing Participations, the Company can now confirm that Fractional Entitlements equal to 4,225,000 New Ordinary Shares were created as a result of the Share Consolidation. Therefore, Liberum has scaled back the Placing Participations such that a total of 4,225,000 New Ordinary Shares have been placed with investors, representing 8.7 per cent. of the New Ordinary Shares created as a result of the Share Capital Reorganisation.

The New Ordinary Shares are expected to be admitted to trading on AIM at 8.00 a.m. on 8 January 2020. The ISIN of the New Ordinary Shares is GB00BG0TSD71.

Following the Share Capital Reorganisation, the Company has 48,400,000 Ordinary Shares in issue, all with voting rights. The Company holds no Ordinary Shares in treasury. The figure of 48,400,000 Ordinary Shares may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Definitions used in this announcement have the same meaning as in the announcement issued on 18 December 2019.

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