Xpediator PLC (LON:XPD)

Xpediator PLC (LON:XPD)


Share Price
48.50 p
Change
0 (0.00 %)
Market Cap
£65.96 m
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Xpediator PLC RNS Release

Issue of Equity


RNS Number : 5829L
Xpediator PLC
27 December 2018
 

27 December 2018

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

XPEDIATOR PLC

("Xpediator" or "the Company" or "the Group")

ISSUE OF EQUITY

 

Xpediator (AIM: XPD), a leading provider of freight management services across the UK and Europe, announces that pursuant to the acquisition of Regional Express Limited ("Regional"), as described in the Group's announcement dated 6 November 2017, a deferred consideration payment of £35,000, based on the results of Regional for the twelve month period to 31 October 2018, has become payable to the vendors of Regional, being Eric Buggy, Geoff Evans and Mark Hillman and his wife, Georgina Hillman. The deferred consideration payment will be settled by the issue of 50,970 new ordinary shares in the Group to Eric Buggy, the issue of 25,485 new ordinary shares in the Group to Geoff Evans, the issue of 4,248 new ordinary shares to Mark Hillman and 4,248 new ordinary shares to Georgina Hillman (the "Deferred Consideration Shares").

 

Details of the Deferred Consideration Shares

Application has been made for the Deferred Consideration Shares, which will rank pari passu with the existing ordinary shares of 5 pence each in the Group ("Ordinary Shares"), to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). It is expected that Admission will occur at 8.00am on or around 31 December 2018.

Total Voting Rights

Following Admission, the Group's issued ordinary share capital will comprise 133,713,604 Ordinary Shares and this number may be used by shareholders in the Group as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Group under the FCA's Disclosure and Transparency Rules.

 

 

Enquiries

Xpediator plc

Tel: +44 (0)330 043 2395

Stephen Blyth, Chief Executive Officer

Email: [email protected]

 

 

 

 

SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker)

Tel: +44 (0)20 3470 0470

Jeff Keating

Caroline Rowe

 

 

 

    

 

Cantor Fitzgerald Europe (Joint Broker)

Tel: +44 (0)20 7894 7000

David Foreman, Michael Boot (Corporate Finance)

 

Caspar Shand Kydd (Sales)

 

 

 

Novella Communications (Financial Public Relations)

Tel: +44 (0)20 3151 7008

Tim Robertson

 

Toby Andrews

 

 

About Xpediator:

Xpediator is a well-established international provider of freight management services. Established in 1988 by CEO Stephen Blyth today the Group's International network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through their three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 38 sites, the Group currently employs 938 people and was successfully listed on London's AIM market in August 2017.

 

For more information, please visit: www.xpediator.com.

Alternatively, do follow us on Twitter at @Xpediator or find us on LinkedIn at Xpediator Plc.

 

 



 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 1   1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Eric Buggy

1.2   2.     

Reason for the notification

a)

Position/status:

Employee

b)

Initial notification/Amendment:

Initial notification

1.3   3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Xpediator Plc

b)

LEI:

213800XBOVDBT2HEC967

1.4   4.     

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 5p each

 GB00BF6P5V92

b)

Nature of the transaction:

Issue of deferred consideration shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

41.2 pence

50,970

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4c) above,

Price(s)

Volume(s)

41.2 pence

50,970

e)

Date of the transaction:

21 December 2018

  

f)

Place of the transaction:

Outside a trading venue

 

 


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.
 
END
 
 
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