Issue of Equity
Updated : 08:14
21 May 2021
SEC Newgate S.p.A.
("SEC Newgate" or the "Company")
Issue of Equity
Stock Grant Plan
On 9 June 2016, the Board approved an incentive and retention plan for the employees of the Company and its subsidiaries, to be carried out through the free allocation of newly issued Ordinary Shares, obtained through a free share capital increase in accordance with Article 2349, Paragraph 1 of the Italian Civil Code (the "Stock Grant Plan").
On 26 December 2020, the Company issued and allotted a total of 265,800 new Ordinary Shares to certain employees under the Stock Grant Plan, however application for the new Ordinary Shares was not made at the time.
Application and Total Voting Rights
Application is therefore being made to the London Stock Exchange for a total of 265,800 new Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 27 May 2021. The new Ordinary Shares will, upon issue, rank pari passu with the existing Ordinary Shares in the Company.
Following Admission, the Company's enlarged issued share capital admitted to AIM will be 24,516,707 Ordinary Shares. The Company holds no Ordinary Shares in Treasury. This figure of 24,516,707 Ordinary Shares may be used by shareholders in the Company 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 Company under the FCA's Disclosure Guidance and Transparency Rules.
- ends -
For further information please contact:
SEC Newgate S.p.A. |
|
Fiorenzo Tagliabue (Group CEO) | Tel: +39 335 6008858
|
Emma Kane (Deputy Group CEO)
| Tel: +44 (0) 7876 338339 emma.kane@secnewgate.co.uk |
Sergio Penna (Group CFO) | Tel: +39 338 8357936 |
Arden Partners (Nominated Adviser and Broker) |
|
Richard Johnson
| Tel: +44 207 614 5900 |
Notes to Editors
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· Further information is available at the Group's website: www.secnewgate.com
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