RNS Number : 4452F
AJ Bell PLC
21 March 2022
AJ Bell plc
("AJ Bell" or the "Company")
Admission of consideration shares and total voting rights
AJ Bell announces that it has made an application for the admission of 155,974 new ordinary shares of £0.000125 each (Consideration Shares) in the issued share capital of AJ Bell to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities (Admission).
The Consideration Shares will be issued, credited as fully paid, in part payment of the consideration due under the share purchase agreement dated 18 March 2021 pursuant to which AJ Bell acquired the Adalpha group of companies, including Ad Alpha Solutions Ltd, details of which were announced via RNS Reach on 19 March 2021.
The Consideration Shares, which will rank pari passu with existing ordinary shares of £0.000125 each (Ordinary Shares) in issue, will be issued under the general waiver of pre-emption rights authorised by shareholders at the annual general meeting held on 26 January 2022. It is expected that Admission will become effective and that dealing in the Consideration Shares will commence on or around 8.00 am on 22 March 2022.
Total Voting Rights
Following Admission, AJ Bell's issued share capital will be comprised of 411,053,142 Ordinary Shares. AJ Bell does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in AJ Bell will be 411,053,142.
Following Admission, the above total 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 interest in, or a change of their interest in, AJ Bell under the FCA's Disclosure Guidance and Transparency Rules.
Bruce Robinson, Company Secretary +44 (0) 780 234 4859