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S4Capital plc has agreed to issue 3,284,212 ordinary shares of 25 pence each as deferred consideration to the sellers of XX Artists. This issuance is pursuant to the terms of a combination with XX Artists announced on 1 July 2022. Admission of these shares to the London Stock Exchange's Main Market is expected to become effective at 8:00 a.m. on 1 July 2024.
| Date | 28 Jun 2024 |
| Time | 07:00:12 |
| Category | Capital structure |
| ID | 2547U |
28 June 2024
S4 Capital plc ("S4Capital" or the "Company")
Issue of Shares
On 1 July 2022, S4Capital plc (SFOR.L), announced a combination with social media marketing agency XX Artists, expanding its capabilities and client base in the core US market (the "Transaction"). Pursuant to the terms of the Transaction, the Company has agreed to issue 3,284,212 ordinary shares of 25 pence each in the capital of the Company, credited as fully paid, as deferred consideration to the sellers (the "Shares").
Applications have been made to the FCA and to the London Stock Exchange for the Shares to be admitted to the standard segment of the Official List of the FCA and to trading on the London Stock Exchange's Main Market for listed securities respectively ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 1 July 2024.
Enquiries:
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S4Capital |
Tel: +44 (0)20 3793 0003 |
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Sir Martin Sorrell (Executive Chairman) |
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Powerscourt (PR Adviser to S4Capital) |
Tel: +44 (0) 7970 246 725 |
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Elly Williamson |
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Pete Lambie |
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About S4Capital
S4Capital plc (SFOR.L) is the tech-led, new age/new era digital advertising, marketing and technology services company, established by Sir Martin Sorrell in May 2018.
Our strategy is to build a purely digital advertising and marketing services business for global, multinational, regional, and local clients, and millennial-driven influencer brands. This will be achieved by integrating leading businesses in three practices: Content, Data&digital Media and Technology Services, along with an emphasis on 'faster, better, cheaper, more' execution in an always-on consumer-led environment, with a unitary structure.
The S4Capital Board includes Rupert Faure Walker, Daniel Pinto, Sue Prevezer, Elizabeth Buchanan, Margaret Ma Connolly, Miles Young and Colin Day as Non-Executive Directors.
The Company now has approximately 7,600 people in 32 countries with approximately 80% of net revenue across the Americas, 15% across Europe, the Middle East and Africa and 5% across Asia-Pacific. The longer-term objective is a geographic split of 60%:20%:20%. Content currently accounts for approximately 60% of net revenue, Data&digital Media 25% and Technology Services 15%. The long-term objective for the practices is a split of 50%:25%:25%.
Sir Martin was CEO of WPP for 33 years, building it from a £1 million 'shell' company in 1985 into the world's largest advertising and marketing services company, with a market capitalisation of over £16 billion on the day he left. Prior to that Sir Martin was Group Financial Director of Saatchi & Saatchi Company Plc for nine years.