10 May 2022 12:36
10 May 2022
Northbridge Industrial Services Plc
("Northbridge" or the "Company")
Exercise of options, issue of equity and Director dealing
Northbridge Industrial Services plc, the power reliability company, announces that on 9 May 2022, Iwan Phillips, Finance Director of the Company, and Christopher Caldwell, Managing Director of Crestchic, each exercised options over 10,000 new ordinary shares of 10p each ("Ordinary Shares") at an exercise price of 102 pence per Ordinary Share.
As a result, an application has been made for admission to trading on AIM ("Admission") of, in aggregate, 20,000 new Ordinary Shares. It is expected that admission will occur on 16 May 2022.
Following the transaction, Iwan Phillip's shareholding will increase to 20,000 Ordinary Shares representing 0.07% of the Company's total voting rights and Christopher Caldwell's shareholding will increase to 24,140 Ordinary Shares representing 0.09% of the Company's total voting rights.
Total voting rights
Following settlement of the above transaction, the Company's issued share capital will comprise 29,365,439 Ordinary Shares, including 1,265,150 Ordinary Shares held in treasury.
Therefore, the figure of 28,100,289 Ordinary Shares should 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
-Ends-
For further information
Northbridge Industrial Services Plc 01283 531645
Peter Harris, Executive Chairman
Iwan Phillips, Finance Director
Shore Capital (Nominated Adviser and Broker) 020 7408 4050
Robert Finlay / David Coaten / Henry Willcocks
Buchanan Communications 020 7466 5000
Charles Ryland / Stephanie Whitmore
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist industrial equipment. With offices or agents in the UK, USA, The Middle East, Belgium, Germany, France, Singapore, China and South Korea, Northbridge has a global customer base. This includes utility companies, renewables, the oil and gas sector, data centres, shipping, banking, mining, construction and the public sector. The product range includes loadbanks, transformers, and drilling tools. Northbridge was admitted to AIM in 2006 since when it has grown by providing a high level of service, responsiveness and flexibility to customers.