viewLocation Sciences Group PLC

Location Sciences - Issue of Equity and Total Voting Rights

RNS Number : 1182M
Location Sciences Group PLC
06 May 2020

Location Sciences Group PLC
("Location Sciences" or the "Company")


Issue of Equity


Total Voting Rights


Further to its announcement of 26 March 2020, Location Sciences (AIM: LSAI), the leading location data verification company, announces that it is issuing, in aggregate, 26,780,665 new ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") comprising 21,980,665 new Ordinary Shares further to the exercise of warrants at 0.1 pence per Ordinary Share and 4,800,000 new Ordinary Shares ("Peterhouse Shares") at 0.625 pence per Ordinary Share as part of the corporate broking fees due to Peterhouse Capital Limited in connection with services provided to the Company on the fundraising announced on 6 March 2020. The Peterhouse Shares have been issued utilising the Company's existing share authorities obtained at the Company's annual general meeting of shareholders held on 9 April 2020.


Application has been made for the admission of 26,780,665 new Ordinary Shares to trading on AIM ("Admission") which is expected to occur on 7 May 2020. The new Ordinary Shares will rank pari passu in all respects with the Company's existing issued Ordinary Shares.


Following Admission, the Company will have 533,748,302 Ordinary Shares in issue admitted to trading on AIM. This figure 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.


For further information please contact: 


Location Sciences Group PLC

via Milk and Honey PR

Mark Slade, Chief Executive Officer


David Rae, Chief Financial Officer





Shore Capital (Nomad and Joint Broker)


Tel: +44 (0)20 7408 4090

Tom Griffiths


David Coaten




Peterhouse Capital (Joint Broker)

Charles Goodfellow

Eran Zucker

Tel: +44 (0) 20 7220 9791





Milk & Honey PR

 Tel: +44 (0)20 3637 7310

Kirsty Leighton


Jessica Ballinger



The person making this notification on behalf of the Company is David Rae, Chief Financial Officer of the Company.


About Location Sciences

Location Sciences is the pre-eminent global location verification provider to the $190 billion digital advertising industry, working in partnership with brands, media agencies and suppliers to reduce ad wastage and improve the effectiveness of location-based advertising campaigns.

The digital advertising marketplace remains unregulated and unmonitored, with an estimated $19 billion wasted on ad fraud in 2018. Location Sciences has developed Verify, the world's first independent location verification product. Utilising sophisticated machine learning and pattern recognition technologies, Verify detects location ad fraud and shines a light on location data inaccuracy with the aim of bringing back integrity, transparency and trust to the market place.

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 [email protected] or visit www.rns.com.

Quick facts: Location Sciences Group PLC

Price: 0.525

Market: LSE
Market Cap: £2.93 m

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