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First Day of Dealings

5 Sep 2017 07:00

RNS Number : 7829P
appScatter Group PLC
05 September 2017
 

NEITHER THIS ANNOUNCEMENT NOR ANY PART OF IT CONSTITUTES AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND, SOUTH AFRICA OR ANY JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL ("RESTRICTED JURISDICTION").

 

5 September 2017

 

appScatter Group plc

("appScatter" or the "Company" and together with its subsidiaries the "Group")

 

 

ADMISSION TO TRADING AND FIRST DAY OF DEALINGS

 

 

appScatter Group plc (LSE: APPS), the app distribution and management platform, is pleased to announce the admission of its Ordinary Shares to trading on the AIM market of the London Stock Exchange plc ("Admission") today. Dealings in the Ordinary Shares commence at 8.00 a.m. today, 5 September 2017, under the TIDM of "APPS" and ISIN number of GB00BF54H884.

 

appScatter is a scalable B2B SaaS platform that allows Paying Users to distribute their apps to, and manage their apps on, multiple app stores. Additionally, the centralised Platform enables app developers and publishers to manage and track performance of their own and competing apps across all of the app stores on the Platform. As at 31 July 2017, appScatter had over 8,000 Registered Users and was generating revenue from over 800 Paying Users managing over 3,000 apps.

 

Following Admission, appScatter intends to launch the public version of the appScatter Platform, at which point the Platform will be available to all, including the app developers and publishers worldwide that are already registered via the Platform's self-service web portal.

 

PLACING AND ADMISSION STATISTICS

 

Placing Price per Ordinary Share

 

65 pence

Number of Placing Shares

 

13,846,154

Gross proceeds of the Placing

 

£9.0 million

Net proceeds of the Placing receivable by the Company

 

£7.8 million

Number of Ordinary Shares in issue on Admission

 

63,178,142

Market capitalisation of the Company at the Placing Price on Admission

 

£41.1 million

TIDM

APPS

 

ISIN

GB00BF54H884

 

 

The Company plans to use the net proceeds from the Placing to support the growth of the business and in meeting the working capital requirements of the Company.

 

Defined terms used in this announcement have, unless the context requires otherwise, the same meaning as set out in the Company's Admission Document dated 29 August 2017, which along with the information required by AIM Rule 26, is available at the Company's investor website at: www.appscatterplc.com.

 

Philip Marcella, Founder & Chief Executive Officer of appScatter, said: 

 

"Today marks the start of an exciting new chapter in appScatter's development. We are delighted to be joining AIM and I would like to thank our existing and new shareholders for their support. I would personally like to thank my team for their dedication, vision and creativity, all of which remain central to the continued growth of the Company as we move towards the full launch of the appScatter platform. We are confident that we have all the necessary elements in place and believe that appScatter can demonstrate its ability to be an exciting, successful UK technology story."

 

 

 

For enquiries, please contact:

 

appScatter Group plc

Philip Marcella, Chief Executive Officer

Manish Kotecha, Finance Director

 

Tel: +44 (0)20 7466 5000

www.appscatter.com

Smith & Williamson Corporate Finance Limited

Nominated Adviser and Joint Broker

Azhic Basirov / Ben Jeynes / David Jones

 

Stifel

Lead Bookrunner and Joint Broker

Fred Walsh / Neil Shah / Ben Maddison

 

Tel: +44 (0)20 7131 4000

www.smithandwilliamson.com

 

 

 

Tel: +44 (0)20 7710 7600

www.stifel.com

 

Media enquiries:

Buchanan

Financial Public Relations

Ben Romney / Stephanie Watson / Catriona Flint

appscatter@buchanan.uk.com

Tel: +44 (0)20 7466 5000

www.buchanan.uk.com

 

 

-Ends-

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