Last checked at 3 Aug 2023 07:00
3 August 2023
JTC PLC
(the "Company" and together with its subsidiaries "JTC" or the "Group")
Completion of SDTC Acquisition and Issue of Equity
JTC announces today, further to its announcement on 14 June 2023, and following receipt of all applicable change of control and regulatory approvals, the completion of its acquisition of TC3 Group Holdings LLC, trading as South Dakota Trust Company ("SDTC").
As part of the initial consideration for the acquisition of SDTC, applications have been made to the Financial Conduct Authority ("FCA") and to the London Stock Exchange plc (the "London Stock Exchange") for 5,978,400 new ordinary shares of £0.01 each in the capital of the Company to be admitted to the premium listing segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange ("Admission"). It is expected that Admission will become effective and dealings will commence at 8.00am on Tuesday 8 August 2023.
Following Admission, the Company will have 165,521,678 ordinary shares of £0.01 each in issue. There are no shares held in treasury. Therefore, following Admission the total number of voting rights in the Company will be 165,521,678 (the "Voting Rights Figure"), and this Voting Rights Figure may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
JTC PLC
Miranda Lansdowne
JTC (Jersey) Limited, Company Secretary
+44(0)1534 816 290
Miranda.Lansdowne@jtcgroup.com
About JTC
JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. Every JTC person is an owner of the business and this fundamental part of our culture aligns us with the best interests of all of our stakeholders. Our purpose is to maximise potential and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.
www.jtcgroup.com