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JTC PLC announced on 20 May 2026 it will issue 524,312 new Ordinary Shares and pay $25.725 million in cash as final earn-out consideration to the sellers of South Dakota Trust Company. An application has been made to the London Stock Exchange for the new shares' admission to trading, expected to commence on 26 May 2026. Following this admission, JTC PLC will have 172,910,816 Ordinary Shares in issue, representing the total number of voting rights.
| Date | 20 May 2026 |
| Time | 07:00:03 |
| Category | Capital structure |
| ID | 9817E |
20 May 2026
JTC PLC
(the "Company" and together with its subsidiaries "JTC" or the "Group")
Issue of Shares and Total Voting Rights
Further to the Company's announcements on 14 June 2023, 3 August 2023 and 1 May 2025 in connection with the acquisition of South Dakota Trust Company, JTC announces that, following the achievement of performance targets set out in the earn-out terms of the Unit Purchase Agreement made inter alia with the Sellers, further final consideration is payable as follows: (i) $25.725 million in cash and (ii) the issuance and allotment of 524,312 new JTC Ordinary Shares of £0.01 each (the "New Shares").
An application has been made to London Stock Exchange plc ("LSE") for the New Shares to be admitted to trading on the LSE's main market for listed securities ("Admission"). It is expected that Admission will become effective and dealings in the New Shares will commence at 8.00am on 26 May 2026.
Following Admission, the Company will have 172,910,816 Ordinary Shares of £0.01 each in issue. There are no shares held in treasury. Therefore, following Admission of the Earn-out Shares, the total number of voting rights in the Company will be 172,910,816 (the "Voting Rights Figure"). The Voting Rights Figure may be used by Shareholders as the denominator for the calculations by which 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:
Miranda Lansdowne
JTC (Jersey) Limited
Joint Company Secretary
+44 1534 700 000
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 our stakeholders. Our purpose is to maximize potential and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.