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First Day of Dealings

21 Jun 2018 08:00

RNS Number : 0632S
i-nexus Global PLC
21 June 2018
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

21 June 2018

i-nexus Global PLC

("i-nexus" or the "Company")

 

Admission to trading on AIM and First Day of Dealings

 

i-nexus Global plc (AIM: INX), a provider of cloud-based Strategy Execution software to Global 5000 companies, is pleased to announce that Admission of the Company's Ordinary Shares to trading on AIM will take place at 8.00am today, 21 June 2018.

 

Dealings will commence under the ticker INX. The Company's ISIN is GB00BDFDLT01 and its SEDOL is BDFDLT0.

 

Nplus1 Singer Advisory LLP ("N+1 Singer") is acting as Nominated Advisor and sole Broker to the Company.

 

The Company will, on Admission, based on a Placing Price of 79 pence per Placing Share, have a market capitalisation of approximately £23.36 million, following a £10.0 million fundraising.  

 

The number of Ordinary Shares with voting rights in the Company with effect from 21 June 2018 is 29,571,605. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. 

 

The Admission Document is available to view at www.i-nexus.com.

 

Simon Crowther, Chief Executive Officer of i-nexus Global plc, commented: "The high level of interest shown by investors in i-nexus is testament to the power of our software, our outstanding customer base, strong competitive position, high levels of recurring revenue and large addressable market. Our strategy now is to use the funds raised through the Placing to capitalise on the growth of our sales pipeline and significant market opportunity in Hoshin-based Strategy Execution software.

"I would like to thank all who have supported us to date, but in particular our talented employees for all their hard work and dedication. We look forward to life as a public company with confidence."

 Enquiries:

 

i-nexus Global plc

Simon Crowther, CEO

Alyson Levett, CFO

 

Via: Alma PR 

Nplus1 Singer (Nominated Advisor and Broker)

Shaun Dobson / Lauren Kettle

 

Tel: +44 (0)207 496 3000

Alma PR

Caroline Forde / Josh Royston / Robyn Fisher

Tel: +44 (0)208 004 4218

 

About i-nexus Group plc

 

i-nexus supports some of the largest global companies in running, improving and changing their businesses through the provision of a scalable, enterprise-grade, cloud-based Continuous Improvement ("CI") and Strategy Execution ("SE") software platform. The platform is in use at 36 established global blue-chip businesses, predominantly based across the US and Europe, implementing over 125,000 live projects, helping customers execute key strategic goals throughout all levels and divisions of their organisations.

 

The Group's software supports Hoshin Kanri, a strategy development methodology first introduced in the 1960s in Japan and born out of lean, six sigma and operational improvement theory. Hoshin Kanri (directly translated as "direction execution") is a systematic planning, implementation and review methodology which, when implemented, aims to ensure that the strategic goals of a company are properly communicated to all employees and that they drive progress and action at every level of the business.

 

i-nexus is headquartered in Coventry, UK and employs over 50 staff. 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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