Issue and Allotment of Consideration Shares
Source: RNS
9 May 2024
Idox plc
("Idox", "the Company" or "the Group")
Issue and Allotment of Consideration Shares
Idox plc (AIM: IDOX) a leading supplier of specialist information management software and geospatial data solutions to the public and asset intensive sectors, announces that it has issued 633,641 new ordinary shares of 1 pence each in the Company ("Consideration Shares") as payment of the deferred equity consideration in respect of its acquisition of LandHawk Software Services Limited, as announced on 3 October 2022 ("Acquisition"). The Consideration Shares were issued with an effective date of 1 April 2024 , comprising 633,641 shares. The total consideration was £1.5m, of which £1.1m was paid in cash at the time of the Acquisition in October 2022. The total earn-out consideration for the Acquisition comprised a payment of £1.1m in cash, and 633,641 in shares, payable over an 18-month period. These amounts will complete the full consideration for the Acquisition.
Applications have been made for the 633,641 Consideration Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. on or around 14 May 2024.
The total number of ordinary shares in issue following Admission will be 460,011,622. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares with voting rights in the Company will be 460,011,622.
The above figure of 460,011,622 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:
Idox plc +44 (0) 870 333 7101
Chris Stone, Non-Executive Chairman
David Meaden, Chief Executive
Anoop Kang, Chief Financial Officer
Peel Hunt LLP (NOMAD and Broker) +44 (0) 20 7418 8900
Paul Gillam
Adam Telling
MHP Group + 44 (0) 203 128 8100
Reg Hoare idox@mhpgroup.com
Ollie Hoare
Matthew Taylor
About Idox plc
For more information see www.idoxplc.com, @Idoxgroup
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