Issue and allotment of shares
Sagentia Group plc (AIM: SAG) announces that, as noted in the announcement of its audited results on 5 March 2014, the first year’s earn out for Quadro Design Limited (formerly QDA Limited) has been met. Accordingly, the vendors are jointly entitled to 20,000 ordinary shares of £0.01 in the Company (“Consideration Shares”).
An application has therefore been made to the London Stock Exchange for the admission to trading on AIM of the Consideration Shares with admission expected to take place on 26 March 2014. The Consideration Shares will rank pari passu in all respects with the Company’s existing ordinary shares.
Following admission, the Company's enlarged issued share capital will comprise 38,801,615 ordinary shares (excluding treasury shares). The Company holds 3,260,420 shares in treasury.