Completion of FFP Acquisition and Issue of Equity
Source: RNS
18 November 2024
For immediate release
JTC PLC
(the "Company" and together with its subsidiaries "JTC" or the "Group")
Completion of FFP Acquisition and Issue of Equity
JTC announces today, further to its announcement on 18 June 2024, and following receipt of all applicable change of control and regulatory approvals and an extension to the target completion deadline to allow satisfaction of all closing conditions, the completion of its acquisition of FFP (Holdings) Limited ("FFP").
As part of the initial consideration for the acquisition of FFP, applications have been made to the Financial Conduct Authority ("FCA") and to the London Stock Exchange plc (the "London Stock Exchange") for 1,087,341 new ordinary shares of £0.01 each in the capital of the Company to be admitted to trading on the main market of the London Stock Exchange ("Admission"). It is expected that Admission will become effective and dealings will commence at 8.00am on Thursday 21 November 2024.
Following Admission, the Company will have 168,753,026 ordinary shares of £0.01 each in issue. There are no shares held in treasury. Therefore, following Admission the total number of voting rights in the Company will be 168,753,026 (the "Voting Rights Figure"), and this Voting Rights Figure may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information please contact:
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JTC plc |
Tel: +44 (0)1534 700 700 |
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Nigel Le Quesne, Chief Executive Officer |
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Martin Fotheringham, Chief Financial Officer |
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David Vieira, Chief Communications Officer |
Tel: +44 (0) 7797 735 444 |
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Camarco (Financial PR) |
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Geoffry Pelham-Lane |
Tel: +44 (0) 7733 124 226 |
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Sam Morris |
Tel: +44 (0) 7796 827 008 |
About JTC
JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. Every JTC person is an owner of the business, and this fundamental part of our culture aligns us with the best interests of all of our stakeholders. Our purpose is to maximise potential, and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.
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