22 Sep 2017 14:05
European Wealth Group Limited
(the "Company")
Issue of Equity
European Wealth Group Limited (AIM: EWG, EWGL), the integrated wealth management group, announces that, pursuant to the acquisition terms set out in the announcement dated 22 September 2015, the Company will issue new ordinary shares to satisfy the share element of the deferred consideration payable to Bells Solicitors Limited.
Accordingly the Company is issuing 78,886 new ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") at a price of 21 pence per Ordinary Shares, being the mid-market price close price on 21 September 2017.
Following the issue of these Ordinary Shares the Company will have 99,534,162 shares in issue. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 99,534,162. The above 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 FCA's Disclosure Guidance and Transparency Rules sourcebook. Application has been made for these shares to be admitted to trading on AIM, with the shares expecting to start trading on 28 September 2017.
For further details, please contact:
European Wealth Group Limited | +44 (0)20 7623 2368 |
Marianne Ismail | |
finnCap Ltd (Nomad and Broker) | +44 (0)20 7220 0500 |
Adrian Hargrave | |
Scott Mathieson | |
FWD Consulting (Financial PR) | +44 (0)20 7623 2368 |
Elliot Lane / Gug Kyriacou |