30 Sep 2016 16:10
30 September 2016
1pm plc
(the "Group" or the "Company")
RESULT OF ANNUAL GENERAL MEETING
AND
ALLOTMENT OF SHARES
1pm plc (AIM: OPM), the AIM listed specialist independent provider of finance facilities to the SME sector, announces that, at the Annual General Meeting of the Company held today in Bath, all resolutions put to shareholders were duly passed.
In addition, the Company also announces that a total of 1,960,270 new Ordinary Shares of 10p each (the "New Ordinary Shares") have been allotted pursuant to the earn-out arrangements relating to the acquisition of Academy Leasing Limited completed on 25 August 2015. Of these, 1,469,501 New Ordinary Shares have been allotted to Michael Nolan and 490,769 New Ordinary Shares have been allotted to Hazel Jacques. These New Ordinary Shares satisfy the additional consideration payable following the achievement of new business origination targets for the financial year ended 31 May 2016. Application for admission to trading on AIM of the New Ordinary Shares will be made and admission is expected to take place on 6 October 2016. The new Ordinary Shares will be issued on admission and will rank pari passu with the Ordinary Shares then in issue.
In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following this issue of New Ordinary Shares, its issued share capital will comprise 54,494,733 Ordinary Shares of 10p each. All of these Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company will therefore be 54,494,733 following Admission.
Following the issue, Michael Nolan will hold 4,150,006 Ordinary Shares, representing approximately 7.6 per cent. of the Company's issued share capital and Hazel Jacques will hold 1,385,976 Ordinary Shares, representing approximately 2.5 per cent. of the Company's issued share capital.
For further information, please contact: |
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1pm plc |
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Ian Smith, Chief Executive Officer | 01225 474230 |
Helen Walker, Chief Financial Officer | 01225 474230 |
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Cenkos (NOMAD) |
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Max Hartley (NOMAD), Julian Morse (Sales) | 0207 397 8900 |
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Walbrook PR | 0117 985 8989 |
Paul Vann | 07768 807631 |
| paul.vann@walbrookpr.com |
About 1pm:
The Company was admitted to AIM in August 2006.
1pm plc is a group of established independent finance companies focused on providing SMEs with accessible funding to add value to their businesses. All customers must have good credit histories and proven ability to repay their finance commitments.
Mission Statement - 'Helping the UK economy grow by supporting SMEs'
More information is available on the Company website www.1pm.co.uk
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Michael F. Nolan | |
2 | Reason for the notification | ||
a) | Position/Status:
| Chief Strategic Officer | |
b) | Initial Notification/Amendment:
| Initial Notification | |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Name: | 1pm plc | |
b) | LEI: | n/a | |
4. | Details of transaction(s); section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a) | Description of the financial instrument: Identification code: | Ordinary Shares of 10 pence each ISIN: GB00BCDBXK43 | |
b) | Nature of the transaction:
| Issuance of Ordinary Shares as deferred consideration | |
c) | Price(s) and volume(s): | Price(s) | Volume(s) |
Nil | 1,469,501 | ||
d) | Aggregated volume: Price: | N/A | |
e) | Date of the Transaction: | 30 September 2016 | |
f) | Place of the Transaction: | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Hazel Jacques | |
2 | Reason for the notification | ||
a) | Position/Status:
| Chief Marketing Officer | |
b) | Initial Notification/Amendment:
| Initial Notification | |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Name: | 1pm plc | |
b) | LEI: | n/a | |
4. | Details of transaction(s); section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a) | Description of the financial instrument: Identification code: | Ordinary Shares of 10 pence each ISIN: GB00BCDBXK43 | |
b) | Nature of the transaction:
| Issuance of Ordinary Shares as deferred consideration | |
c) | Price(s) and volume(s): | Price(s) | Volume(s) |
Nil | 490,769 | ||
d) | Aggregated volume: Price: | N/A | |
e) | Date of the Transaction: | 30 September 2016 | |
f) | Place of the Transaction: | London Stock Exchange | |