RNS Number : 8469X
Ince Group PLC (The)
01 September 2022
 

1 September 2022

 

The Ince Group plc

("Ince", the "Company" or the "Group")

 

Subscription for shares and total voting rights

 

The Ince Group plc (AIM: INCE), which provides legal, accounting, financial services, consulting and pensions advice services, announces that on 1 September 2022, the Company entered into a direct subscription (the "Subscription") with a corporate investor for a total of 3,400,000 new ordinary shares of 1 penny each ("Ordinary Shares") at an issue price of 5 pence per share (the "Issue Price") (the "Subscription Shares").

The Subscription has been undertaken by the Company as the corporate investor had intended to participate in the placing which was announced by the Company on 28 July 2022. However, due to unforeseen circumstances which were outside of their or the Company's control, the corporate investor was unable to participate.

The Issue Price is equal to the price at which the placing and the open offer (which was announced on 9 August 2022) were undertaken. The net proceeds received from the Subscription will be applied in the same way as the net proceeds of the placing announced on 28 July 2022.

Application will be made for the 3,400,000 Subscription Shares to be admitted to trading on AIM ("Admission"), which is expected to take place on or around 6 September 2022. Once issued, the Subscription Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

Total Voting Rights

 

Following Admission, the Company will have 244,640,570 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The total number of voting rights in the Company is therefore 244,640,570. From Admission, the above 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 FCA's Disclosure Guidance and Transparency Rules.

For further information:

 

The Ince Group plc


Donald Brown, Group Chief Executive

investorrelations@incegd.com

Simon Oakes, Chief Financial Officer




Allenby Capital Limited - Nominated Adviser

+44 (0) 20 3328 5656

Jeremy Porter / Piers Shimwell, Corporate Finance




Arden Partners plc - Broker

+44 (0) 20 7614 5900

John Llewellyn Lloyd / Louisa Waddell, Corporate Finance


Simon Johnson, Equity Sales




Williams Nicolson - Financial PR

+44 (0) 7767 345 563

Steffan Williams / Fraser Schurer-Lewis

ince@williamsnicolson.com

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TVRZZGFRLMFGZZM