IQGeo Group PLC Deferred Consideration and Total Voting Rights (4196W)
22 Décembre 2021 - 8:00AM
UK Regulatory
TIDMIQG
RNS Number : 4196W
IQGeo Group PLC
22 December 2021
IQGeo Group plc
(the "Company" or the "Group")
Issue of shares for OSPI Deferred Consideration and Total Voting
Rights
IQGeo Group plc (AIM: IQG), a leading developer of geospatial
productivity and collaboration software for telecoms and utility
network operators, announces that as set out in the stock purchase
agreement to purchase OSPInsight International Inc. ("OSPI") dated
30 November 2020 that closed on 21 December 2020, 173,446 ordinary
shares of 2 pence in the Company ("Ordinary Shares") are being
issued collectively to the three sellers of OSPI as part of the
deferred consideration for OSPI. The three sellers will also
receive $295,625 USD between them as the other element of the
deferred consideration due, which will be paid from the company's
cash reserves.
Application has been made for the 173,446 new Ordinary Shares to
be admitted to trading on AIM ("Admission") and it is expected that
Admission will occur on or around 29 December 2021.
Following Admission, the Company's issued share capital will
consist of 57,515,696 Ordinary Shares with one voting right each.
The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of Ordinary Shares and voting rights in
the Company will be 57,515,696. With effect from Admission, this
figure 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 to their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
For further information contact:
IQGeo Group plc +44 1223 606655
Richard Petti
Haywood Chapman
finnCap Ltd +44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Richard Chambers (ECM)
Notes to editors
IQGeo's end-to-end geospatial software improves productivity and
collaboration across enterprise planning, design, construction,
maintenance and sales processes for telecoms and utility network
operators. Our mobile-first enterprise solutions create and
maintain, an accurate view of complex network assets that is easily
accessible by anyone, wherever and whenever needed.
Specialised applications combined with our open IQGeo Platform
help network operators create a single source of network truth to
meet their digital transformation ambitions and operational KPIs.
Our award-winning, cloud-enabled solutions save time and money, and
improve safety and productivity, while enhancing customer
satisfaction.
With over 70,000 active software users, IQGeo has an established
and rapidly growing customer base with telecoms and utility
companies worldwide.
IQGeo trades on AIM with the ticker IQG.
For additional information please visit www.iqgeo.com
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END
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