(‘Idox’ or the ‘Group’ or the ‘Company’)
Allotment of Shares
Idox plc (AIM: IDOX) a leading supplier of specialist information management software and solutions to the public and asset-intensive sectors, announces that it has issued 814,332 new ordinary shares of 1 pence each in the Company (“Earn Out Shares”) as part payment of the earn-out consideration in respect of its acquisition of Aligned Assets Limited, as announced on 7 June 2021 (“Acquisition”). The earn-out was based on achieving certain gross revenue targets during the 12-month period following the Acquisition. Further earn out consideration may become payable.
Applications have been made for the 814,332 Earn Out Shares to be admitted to trading on AIM (“Admission”). It is expected that Admission will occur at 8.00 a.m. on or around 30 June 2022.
The total number of ordinary shares in issue following Admission will be 451,861,436. The Company holds 1,426,219 ordinary shares in treasury. Therefore, the total number of ordinary shares with voting rights in the Company will be 450,435,217.
The above figure of 450,435,217 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure and Transparency Rules.
For further information please contact:
Chris Stone, Non-Executive Chairman
David Meaden, Chief Executive Officer
Anoop Kang, Chief Financial Officer
|+44 (0) 870 333 7101
|Peel Hunt LLP (NOMAD and Broker)
|+44 (0) 20 7418 8900
|+ 44 (0) 203 128 8170
About Idox plc
For more information see Idox | Software Built on Insight (idoxgroup.com).