6 October 2016
Market Tech Holdings Limited
("Market Tech" or the "Company")
Issue of deferred consideration shares and total voting rights
Market Tech (LSE: MKT) announces that an application has been made to the Official List of the UK Listing Authority and to the London Stock Exchange for the admission of 96,339 ordinary shares of 10p each in the Company (the "Ordinary Shares"'). The Ordinary Shares have been issued as deferred consideration pursuant to the acquisition of Stucco Media Limited announced on 7 May 2015. The balance now remaining to be issued as deferred consideration is 674,370 with 96,339 Ordinary Shares expected to be issued every month over the next six months pursuant to the Stucco Media Limited acquisition, with a final tranche of 96,336 shares to be issued on 7 May 2017.
The Ordinary Shares will be issued fully paid and will, upon issue, rank pari passu in all respects with the Company's existing issued shares. It is expected that the admission of the Ordinary Shares will become effective on Friday 7 October 2016.
Accordingly, following admission, the total number of ordinary shares in Market Tech with voting rights will be 470,105,956. This figure may be used by Market Tech shareholders as the denominator for calculations to determine if they have a notifiable interest in Market Tech under the Disclosure and Transparency Rules, or if such interest has changed.
Charles Butler, Chief Executive Officer
David Brown, Chief Financial Officer
c/o FTI Consulting
+44 (0) 20 3727 1000
+44 (0) 20 372 7 1000
About Market Tech
Market Tech combines the iconic Camden Market real estate assets with digital technology to deliver a living, working, retail and leisure environment. The Company owns approximately 15 acres of real estate assets in Camden, including the Stables Market; Union Street Market, (also known as Buck Street Market); Camden Lock Market; and Hawley Wharf, (formerly known as Camden Lock Village). It also owns separate real estate assets on Camden High Street; Kentish Town Road; properties on Jamestown Road, (including the Camden Wharf Building); The Interchange Building on Oval Road, Utopia Village in Primrose Hill, 1-11 Hawley Crescent and 49 Chalk Farm Road.
The Company owns three e-commerce businesses, referred to as Market Tech Digital. These are Stucco Media, an e-commerce marketing platform, Glispa, a Berlin-based mobile marketing business and Fiver, a B2C online fashion retailer.
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This information is provided by RNS