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14 May 2020 07:00
14 May 2020
Hyve Group plc
("The Company")
Additional Listing in connection with the proposed Share Consolidation
Further to the announcement on 7 May 2020 by the Company relating to the underwritten £126.6m rights issue and proposed share consolidation, the Company announces that it will be issuing 4 additional ordinary shares so that the Company's issued share capital is exactly divisible by 10. These new ordinary shares will, upon issue, rank equally with the existing ordinary share capital of the Company.
The Company confirms that an application has been made to the Financial Conduct Authority and the London Stock Exchange for a total of 4 ordinary shares of 1 pence each to be admitted to the Official List and to trading on the main market for listed securities. It is expected that Admission will become effective on 15 May 2020. Once admitted, the new ordinary shares will be sold in the market and proceeds returned to the Company.
The Company does not hold any shares in Treasury and, therefore, following Admission, the number of voting shares in issue in the Company will be 815,780,260.
The defined terms set out in the Prospectus dated 7 May 2020 apply in this Announcement.
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