1 Sep 2021 07:01
1 September 2021
SEC Newgate S.p.A.
("SEC Newgate" or the "Company")
Newington Vendor Consideration
SEC Newgate (AIM: SECN), the insight-driven global strategic communications group that works at the nexus of business, politics, communities, markets and media, announces that, further to the Company's announcement of 18 January 2021 ("January RNS"), SEC Newgate has issued and allotted a total 194,215 new ordinary shares of €0.10 ("Shares") to the vendors of Newington in part consideration for the acquisition of the 40% of Newington ("Acquisition"). The cash consideration for the Acquisition shall be reduced accordingly, as detailed in the January RNS.
The Newington vendors include Mark Glover, a director of SEC Newgate, who receives 110,702 new Shares, following which he will be interested in 110,702 Shares, representing approximately 0.45% of the enlarged issued share capital of the Company.
Application and Total Voting Rights
Application is being made to the London Stock Exchange for a total of 194,215 new Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 6 September 2021. The new Shares rank pari passu with the existing Shares in the Company.
The Company's enlarged issued share capital is 24,710,922 Shares. The Company holds no Shares in Treasury. This figure of 24,710,922 Shares may 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.
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For further information please contact:
SEC Newgate S.p.A. | |
Fiorenzo Tagliabue (Group CEO) | Tel: +39 335 6008858 tagliabue@secrp.com
|
Emma Kane (Deputy Group CEO)
| Tel: +44 (0) 7876 338339 emma.kane@secnewgate.co.uk |
Sergio Penna (Group CFO) | Tel: +39 338 8357936 penna@secrp.com |
Arden Partners (Nominated Adviser and Broker) | |
Richard Johnson / Antonio Bossi
| Tel: +44 (0)20 7614 5900 |
Notes to Editors
· SEC Newgate is an award winning strategic communications firm, which ranks in the Top 30 groups in the world. The Agency's team consists of about 600 staff, working in 38 offices across 5 continents.
· SEC Newgate's focus is on achieving positive outcomes through communications, advocacy and research, helping clients clearly demonstrate their purpose, value, and impact locally, nationally and internationally.
· Further information is available at the Group's website: www.secnewgate.com