9
May 2024
Idox plc
("Idox", "the Company" or
"the Group")
Issue and Allotment of
Consideration Shares
Idox plc (AIM: IDOX) a leading
supplier of specialist information management software and
geospatial data solutions to the public and asset intensive
sectors, announces that it has issued 633,641 new ordinary shares
of 1 pence each in the Company ("Consideration Shares") as payment of
the deferred equity consideration in respect of its acquisition of
LandHawk Software Services Limited, as announced on 3 October 2022
("Acquisition"). The
Consideration Shares were issued with an effective date of 1 April
2024 , comprising 633,641 shares. The total consideration was
£1.5m, of which £1.1m was paid in cash at the time of the
Acquisition in October 2022. The total earn-out consideration for
the Acquisition comprised a payment of £1.1m in cash, and 633,641
in shares, payable over an 18-month period. These amounts will
complete the full consideration for the Acquisition.
Applications have been made for
the 633,641 Consideration
Shares to be admitted to trading on AIM
("Admission"). It is
expected that Admission will occur at 8.00 a.m. on or around 14 May
2024.
The total number of ordinary shares
in issue following Admission will be 460,011,622. The Company does
not hold any ordinary shares in treasury. Therefore, the total
number of ordinary shares with voting rights in the Company will be
460,011,622.
The above figure of 460,011,622
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.
For further information please
contact:
Idox
plc
+44 (0) 870 333 7101
Chris Stone, Non-Executive
Chairman
David Meaden, Chief Executive
Anoop Kang, Chief Financial Officer
Peel Hunt LLP (NOMAD and
Broker)
+44 (0) 20 7418 8900
Paul Gillam
Adam Telling
MHP
Group
+ 44 (0) 203 128 8100
Reg
Hoare
idox@mhpgroup.com
Ollie Hoare
Matthew Taylor
About Idox plc
For more information
see www.idoxplc.com,
@Idoxgroup