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34.00    -3.50 (-9.33%)
Bid:
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Spread: 2.00 (6.061%)
Market Cap: £85.05m
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Blocklisting Application

9 Dec 2014 07:00

RNS Number : 1863Z
Innovation Group PLC
09 December 2014
 



9 December 2014

 

The Innovation Group plc

("Innovation Group" or the "Company")

 

Blocklisting application

 

The Company announces that application has been made to the London Stock Exchange and the UKLA for the blocklisting of 19,800,000 ordinary shares of 2p each ("New Ordinary Shares").

 

The New Ordinary Shares will be issued from time to time pursuant to the exercise of employee share options under the 2011 Long Term Incentive Plan, the Performance Share Plan and the UK, International and US Sharesave schemes.

 

On exercise these shares will be issued credited as fully paid and will rank pari passu with the existing ordinary shares in issue. It is expected that the blocklisting will become effective on 12 December 2014.

 

 

Enquiries:

 

James Liddiard

Company Secretary

Tel: +44 (0) 1489 898300

 

 

About The Innovation Group plc:

 

Innovation Group (LSE: TIG) is a global provider of insurance software solutions and business process services. With revenues of £209.8m and adjusted PBT of £27.5m in 2014, it employs over 3,000 people across the UK, Europe, North America, Asia Pacific and South Africa and works with 15 of the top 20 global insurance markets, 75% of the top 20 global P&C insurance companies and 3 of the world's top 5 fleet and lease management companies.

www.innovation-group.com 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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