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On February 24, 2023, TPXimpact Holdings PLC issued 360,010 new ordinary shares in respect of £299,267 of outstanding acquisition consideration. An application has been made for admission of these shares to AIM trading, expected around February 27, 2023, after which the total issued share capital and voting rights will be 91,876,019 ordinary shares. The Company also noted £232,500 in additional future consideration, potentially involving the issue of up to 283,537 further ordinary shares within the next six months.
| Date | 24 Feb 2023 |
| Time | 07:00:03 |
| Category | Capital structure |
| ID | 8814Q |
24 February 2023
TPXimpact Holdings PLC
("TPX", "TPXimpact", or the "Company")
Issue of Shares
TPXimpact Holdings PLC (AIM: TPX), the technology-enabled services company focused on digital transformation, announces that the Company has today issued 360,010 new ordinary shares of 1 penny each ("Ordinary Shares") in respect of outstanding acquisition consideration totalling £299,267 (the "Earnout Shares").
Following the issue of the Earnout Shares, the Company has additional future consideration to pay totalling £232,500 subject to the achievement of the requirement earnout milestones. The maximum number of further Ordinary Shares to be issued in respect of this consideration is 283,537. Further details of the share issues are set out below:
|
Value of future consideration payable |
Minimum share price |
Max shares to be issued |
|
£232,500 |
82p |
283,537 |
|
Timing of payment of acquisition consideration |
Value |
|
Within the next 6 months |
£232,500 |
|
Between 6-12 months |
0 |
|
After 12 months |
0 |
Admission to trading and total voting rights
An application has been made for the admission of the Earnout Shares to trading on AIM which is expected to take place on or around 27 February 2023.
The new Ordinary Shares issued and admitted to trading will rank pari passu in all respects with the existing Ordinary Shares.
Therefore, following this issue of the Earnout Shares, TPXimpact Holdings PLC's (AIM: TPX) total issued share capital consists of 91,876,019 ordinary shares of 1 penny each ("Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of voting rights in the Company is 91,876,019.
The above figure of 91,876,019 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
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Enquiries: TPXimpact Holdings Steve Winters, Group CFO
Stifel Nicolaus Europe Limited (Nomad and Joint Broker) Alex Price Fred Walsh Ben Burnett |
Via Alma PR
+44 (0) 207 710 7600 |
|
Dowgate Capital Limited (Joint Broker) James Serjeant David Poutney Russell Cook
|
+44 (0) 203 903 7715 |
|
Alma PR (Financial PR) Josh Royston Kieran Breheny Matthew Young |
+44 (0) 203 405 0209
|
About TPXimpact
TPXimpact exists to transform the organisations, services and systems that underpin society and that drive business success. It applies strategic and creative thinking, technology, innovative design and user-centred approaches to bring about numerous improvements which together multiply the impact of change.
The Company works closely with its clients in agile, multidisciplinary teams that span organisational design, technology, and digital experiences. It shares a deep understanding of people and behaviours and a philosophy of putting people and communities at the heart of every transformation.
The business is being increasingly recognised as a leading alternative digital transformation provider to the UK public services sector, with c.65% of its client base representing the public sector and c.35% representing the commercial sector.
More information is available at www.tpximpact.com .