28 January 2020
Redde plc
(“Redde” or the "Company")
Additional Block
Admission
The Company notifies that application has been made to the
London Stock Exchange for a block admission to trading on AIM of
1,000,000 ordinary shares of 0.1
pence each (“New Ordinary Shares”), and admission is
expected to occur at 8.00 a.m. on
3 February 2020. The New Ordinary
Shares will be issued from time to time pursuant to the exercise of
options under the Redde 2016 PSP Scheme and will rank pari
passu in all respects with the existing ordinary shares of the
Company.
There is no change to the Company’s issued share capital as a
result of the block admission application. As at today, the
Company’s issued ordinary share capital comprises 306,868,351
ordinary shares of 0.1 pence each,
each with voting rights, which figure may be used by shareholders
in the Company 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 share capital of the
Company under the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules.
Enquiries:
Redde
plc
01225 321134
Martin Ward, Chief Executive
Officer
Stephen Oakley, Chief Financial
Officer
Cenkos Securities plc (Nominated Adviser and Joint
Broker)
0207 397 8900
Giles Balleny
Harry Hargreaves
N+1 Singer (Joint
Broker)
0207 496 3000
Mark Taylor
Square1
Consulting
0207 929 5599
David Bick