11th Feb 2014 17:02
Chime Communications plc
11 February 2014
Chime Communications plc
("the Company")
Release of Shares from Escrow and Additional Listing of Shares
The Company announces that, as a result of its subsidiary Just Marketing Inc. ("JMI") achieving certain earn out targets under the stock purchase agreement between the Company, Chime USA Inc, JMI Holdings LLC and JMI, 700,000 ordinary shares of 25 pence each in the Company ("Shares") currently held in escrow will be released and sold into the market and 209,500 Shares will be issued to Zak Brown (President and CEO of JMI).
Application has therefore been made to the Financial Conduct Authority and the London Stock Exchange plc for 209,500 Shares to be admitted to the Official List of the UKLA and to trading on the London Stock Exchange. It is expected that the Shares will be admitted and trading will commence on 14 February 2014. The 209,500 Shares will rank pari passu with the Company's existing issued Shares.
The issued share capital of the Company is currently 98,127,678 Shares each with voting rights. Therefore, following admission of the new 209,500 Shares, the issued share capital of the Company on 14 February 2014 will be 98,337,178 Shares each with voting rights.
For further information, please contact:
Mark Smith 020 7096 5833
Finance Director
Robert Davison 020 7096 5860
Company Secretary
Related Shares:
CHW.L