1 Jul 2020 10:02
Location Sciences Group PLC("Location Sciences" or the "Company")
Issue of Equity
and
Total Voting Rights
Further to its announcement of 26 March 2020, Location Sciences (AIM: LSAI), the leading location data verification company, announces that it is issuing 11,428,666 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") pursuant to the final exercise of warrants at 0.1p per Ordinary Share. The Company confirms that the warrant instrument has now lapsed and no further Ordinary Shares will be issued pursuant to the exercise of warrants issued on 26 March 2020.
Application has been made for the admission of 11,428,666 Ordinary Shares to trading on AIM ("Admission") and it is expected that this will occur on 6 July 2020. These shares will rank pari passu in all respects with the Company's existing issued Ordinary Shares.
Following Admission, the Company will have 570,368,300 Ordinary Shares in issue admitted to trading on AIM. This 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 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 |
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David Rae, Chief Financial Officer |
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Shore Capital (Nomad and Joint Broker) | Tel: +44 (0)20 7408 4090 |
Tom Griffiths |
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David Coaten |
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Peterhouse Capital (Joint Broker) Charles Goodfellow Eran Zucker | Tel: +44 (0) 20 7220 9791 |
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Milk & Honey PR | Tel: +44 (0)20 3637 7310 |
Kirsty Leighton |
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Jessica Ballinger |
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The person making this notification on behalf of the Company is David Rae, Chief Financial Officer of the Company.
About Location Sciences
Location Sciences is the pre-eminent global location verification provider to the $190 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 marketplace remains unregulated and unmonitored, 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.