20 Jan 2020 11:41
20 January 2020
Location Sciences Group PLC("Location Sciences" or the "Company")
Issue of Ordinary Shares
and
Total Voting Rights
Location Sciences (AIM: LSAI), the leading location data verification company, has agreed to issue and allot 6,153,840 new ordinary shares of one penny each in the capital of the Company ("Settlement Shares") in order to settle a debt with one of its suppliers. The Settlement Shares, which will rank pari passu with the Company's existing ordinary shares, were issued at a price of 1.25 pence per share.
Application has been made to the London Stock Exchange for the admission of the Settlement Shares to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 23 January 2020. Following Admission, the total number of ordinary shares in issue will be 376,651,734 and the total number of voting rights in the Company will be 376,651,734. There are no shares held in treasury.
This figure, 376,651,734, may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules published by the Financial Conduct Authority.
For further information please contact:
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Shore Capital (Nominated Adviser and Broker) | Tel: +44 (0)20 7408 4090
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Tom Griffiths/David Coaten
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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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About Location Sciences Group PLC:
Location Sciences is the pre-eminent global location verification provider to the $160 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.