24 Jun 2014 11:18
FOR IMMEDIATE RELEASE 24 June 2014
Northbridge Industrial Services Plc
("Northbridge" or the "Company")
Exercise of options and issue of equity
Northbridge Industrial Services plc, the industrial services and rental company, announces that further to the exercise of options it has made application for admission to trading on AIM ("Admission") of 10,000 new ordinary shares of 10p each ("Ordinary Shares"). It is expected that admission will occur on 30 June 2014.
Total voting rights
Following Admission, the Company's issued share capital will comprise 17,638,381 Ordinary Shares, including 152,150 Ordinary Shares held in treasury.
Therefore the figure of 17,486,231 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 and Transparency Rules.
For further information
Northbridge Industrial Services plc 01283 531645
Eric Hook, Chief Executive Officer
Craig Robinson, Finance Director
Westhouse Securities Limited (Nominated Adviser and Broker) 020 7601 6100
Robert Finlay / Antonio Bossi / Henry Willcocks
Buchanan Communications 020 7466 5000
Charles Ryland / Clare Akhurst
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, generators, compressors and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends based on providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Azerbaijan, Australia, Belgium and Singapore and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.