RNS Number : 9304G
JTC PLC
01 May 2025
 

1 May 2025

 

 

 

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 and 3 August 2023 of 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 consideration of $35 million is payable.

The further consideration comprises of $25.725m in cash and 838,058 new JTC ordinary shares, equivalent to $9.275m. The shares are subject to a 12 month lock-in period and orderly market provisions. The cash element will be satisfied from the Group's existing resources.

Applications have been made to the Financial Conduct Authority ("FCA") and to the London Stock Exchange plc (the "LSE") for the New Shares to be admitted to the premium listing segment of the Official List of the FCA and to trading on the main market of the LSE ("Admission"). It is expected that Admission will become effective and dealings will commence at 8.00am on Thursday 8 May 2025.

Following Admission of the New Shares the Company will have 170,303,479 Ordinary Shares of £0.01 each in issue. There are no shares held in treasury. Therefore, following Admission of the New Shares the total number of voting rights in the Company will be 170,303,479 (the "Voting Rights Figure"), and this Voting Rights Figure may be used by Shareholders as the denominator for the calculations by which they will determine if 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

[email protected]

 

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.

 

www.jtcgroup.com

 

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