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Issue of Equity and Director's Shareholding

2 May 2019 07:00

RNS Number : 8250X
Location Sciences Group PLC
02 May 2019
 

Location Sciences Group PLC

("Location Sciences" or the "Company")

 

Issue of Equity

and

Director's Shareholding

 

Location Sciences Group PLC (AIM: LSAI), the pre-eminent global location verification provider to the $106 billion digital advertising industry, announces that it has issued 1,263,158 ordinary shares of 1 pence each in the Company (the "Ordinary Shares") at 2.85p per new Ordinary Share, being the closing mid-market price on 30 April 2019, to Niall Hogan, Non-Executive Director of the Company, in lieu of his annual salary. Following this issue, Mr Hogan will have a total beneficial interest in 1,263,158 Ordinary Shares, representing 0.37% of the enlarged issued share capital of the Company.

An application has been made for the 1,263,158 Ordinary Shares to be admitted to trading on AIM which is expected to occur at 8.00 a.m. on 8 May 2019 ("Admission").

Following Admission, the Company's issued share capital will comprise 342,307,597 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information please contact:

 

Location Sciences Group PLC via Milk and Honey PR

Mark Slade, Chief Executive Officer

David Rae, Chief Financial Officer

Stockdale Securities Limited Tel: +44 (0)20 7601 6100

Tom Griffiths

David Coaten

Milk & Honey PR Tel: +44 (0)20 3637 7310

Kirsty Leighton

Jessica Ballinger

 

About Location Sciences Group PLC:

 

Location Sciences is the pre-eminent global location verification provider to the $106 billion digital advertising industry. Working in partnership with brands, media agencies and suppliers to reduce ad-wastage and improve the effectiveness of location-based advertising campaigns.

 

The digital advertising market place remains unregulated and un-monitored, with an estimated $19 billion wasted on ad-fraud in 2018. Location Sciences has developed Verify, the world's first independent location verification product. Utilising sophisticated machine learning and pattern recognition technologies Verify detects location ad-fraud and shines a light on location data inaccuracy with the aim of bringing back integrity, transparency and trust to the market place.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCABMTTMBTMTML
Date   Source Headline
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22nd May 20187:00 amRNSTrading Update
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9th Apr 20188:25 amRNSNew client update
22nd Mar 20187:00 amRNSChange of Name
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21st Mar 20189:34 amRNSResult of AGM
21st Mar 20187:00 amRNSDirectorate Change
21st Mar 20187:00 amRNSAGM Statement
23rd Feb 20188:39 amRNSHolding(s) in Company
22nd Feb 20184:01 pmRNSTR-1: Notification of major holdings
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17th Jan 20187:00 amRNSNotice of Results
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22nd Dec 20177:00 amRNSPDMR Dealing
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28th Nov 20175:42 pmRNSBlock Listing Six Monthly Return
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24th Nov 201710:27 amRNSTR-1: Notification of major holdings
24th Nov 201710:26 amRNSTR-1: Notification of major holdings
24th Nov 201710:25 amRNSTR-1: Notification of major holdings
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30th Oct 20177:00 amRNSBoard Changes
24th Oct 20179:23 amRNSTR-1: Notification of major holdings
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16th Oct 20173:31 pmRNSTR-1: Notification of major holdings
16th Oct 201710:36 amRNSTR-1: Notification of major holdings
10th Oct 20179:21 amRNSTR-1: Notification of major holdings
5th Oct 201710:03 amRNSTR-1: Notification of major holdings
26th Sep 20171:28 pmRNSTR-1: Notification of major holdings
21st Sep 20172:50 pmRNSTR-1: Notification of major holdings
20th Sep 201710:15 amRNSTR-1: Notification of major holdings
18th Sep 201710:08 amRNSTR-1 Notification of major holdings

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