appScatter Group (APPS); issues around 1.4m new ordinary shares at 70p each

Published on 16-10-2018 07:39:48
Author Sparks Team

appScatter Group announced that it has raised £968,445 before costs through the placing of nearly 1.4m new ordinary shares at an issue price of 70p per share.

The company announced that application will be made for the new ordinary shares to be admitted to trading on AIM. On admission, the shares will rank side by side with the companies existing ordinary shares. Dealings in the new ordinary shares are expected to commence at 8am on 22 October 2018. On admission, the company will have nearly 89m in ordinary shares at 5p each in the issue. No ordinary shares are held in treasury.

The company’s shareholders are likely to use the new share figure as the denominator in the calculations to determine if they are required to notify their interest in, or a change to their interest in, the company under the Financial Conduct Authority’s disclosure guidance and transparency rules.

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