22 November 2021
JTC PLC
(the "Company" and together with its subsidiaries "JTC" or the "Group")
Issue of Equity
Further to the Company's announcements on 2 April 2020 and 30 April 2020 of the completion of the acquisition of NES Financial ("NESF") and the issue of new ordinary shares in the Company, JTC announces that pursuant to the terms of the Plan and Agreement of Merger made inter alia between JTC and NESF, and following the expiration of the applicable Claim Period, the share consideration 'held back' in the Indemnification Holdback Fund has been approved for release.
Accordingly, applications have been made to the Financial Conduct Authority ("FCA") and London Stock Exchange plc (the "London Stock Exchange"), respectively, for 403,593 new ordinary shares of £0.01 each in the capital of the Company (the "Shares"), being the Indemnification Holdback Fund, to be admitted to the premium listing segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange ("Admission"). It is expected that Admission will become effective and dealings in the Shares will commence at 8.00am on Thursday 25 November 2021.
Following Admission the Company will have 147,423,417 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 147,423,417 (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.
Enquiries:
JTC PLC
Miranda Lansdowne
JTC (Jersey) Limited, Company Secretary
+44(0)1534 816 290
Miranda.Lansdowne@jtcgroup.com
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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