1PM PLC Issue of Equity & Notice of Results and AGM (0883P)
05 Junio 2020 - 1:00AM
UK Regulatory
TIDMOPM
RNS Number : 0883P
1PM PLC
05 June 2020
5 June 2020
1pm plc
("1pm", the "Group" or the "Company")
Issue of Equity following earn-out achievement
Notice of Results and AGM
1pm plc (AIM: OPM), the AIM listed independent specialist
provider of finance facilities to UK SMEs, announces a further and
final issue of new ordinary shares of 10p each in the Company
("Ordinary Shares") to satisfy the achieved earn-out consideration
in respect of the Company's historical acquisition of Positive
Cashflow Finance Limited ("Positive"). The Company also confirms
key dates in the 2020 financial calendar.
Issue of Equity
As announced on 18 June 2019, following the successful
achievement of profit targets, a third and final share based
earn-out payment is payable to the vendors of Positive.
Accordingly, 1,388,888 new Ordinary Shares will now be issued. The
new Ordinary Shares will be credited as fully paid and will rank
pari passu in all respects with the existing Ordinary Shares in
issue. The new Ordinary Shares are subject to various lock-in
arrangements for a minimum period of 12 months from the date of
issue.
Application has been made for the 1,388,888 new Ordinary Shares
to be admitted to trading on AIM ("Admission"), with Admission
expected to take place on 10 June 2020. Following Admission, the
Company's issued share capital will comprise 90,374,204 Ordinary
Shares. There are no Ordinary Shares held in treasury. Therefore,
in accordance with the FCA's Disclosure Guidance and Transparency
Rules, the Company confirms that following Admission the total
number of voting rights in the Company will be 90,374,204.
Notice of Results and Annual General Meeting
The Group is planning to announce audited annual results for the
year ended 31 May 2020 on Tuesday 22 September 2020 and is
proposing to hold its Annual General Meeting on Thursday 22 October
2020. In addition, the Company intends to provide a scheduled
trading update on Tuesday 23 June 2020.
For further information,
please contact:
1pm plc
Ian Smith, Chief Executive
Officer 07768 394162
James Roberts, Chief Financial
Officer 01225 474230
Cenkos (NOMAD)
Max Hartley / Ben Jeynes
(Nomad)
Julian Morse (Sales) 0207 397 8900
Walbrook PR 0207 933 8780
Paul Vann 07768 807631
paul.vann@walbrookpr.com
About 1pm:
1pm's strategy is to focus on providing or arranging the finance
UK SMEs require to fund their businesses and arranging vehicle and
property-backed finance for consumers. The multi-product range for
SMEs includes asset, vehicle, loan and invoice finance facilities.
The Group operates a "hybrid" lending and broking model enabling it
to optimize business levels through market and economic cycles.
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.
END
IOEFAMATMTTMMPM
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