03 August 2015
Redde plc
("Redde" or the "Company")
Issue of Deferred Consideration Shares
On 31 July Redde issued 480,924 ordinary shares of 0.1 pence each (the "New
Ordinary Shares") on the terms set out in the announcement of 1 May 2015 to
satisfy the fourth instalment (of nine) of the final deferred consideration
payment relating to the acquisition of the NewLaw group of companies.
Application has been made to the London Stock Exchange for the admission to
trading on AIM of the New Ordinary Shares, which is expected to occur on 6
August 2015 ("Admission").
Following Admission, the Company shall have 285,871,153 ordinary shares of 0.1
pence each in issue, each with voting rights, which figure may be used by
shareholders in the Company 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 share capital of the Company under the
Financial Conduct Authority's Disclosure and Transparency Rules. No shares are
held in treasury.
For further information, contact:
Redde plc 01225 321134
Martin Ward, Chief Executive Officer
Stephen Oakley, Chief Financial Officer
Cenkos Securities plc (Nominated Adviser and Joint Broker) 0207 397 8900
Ian Soanes
Liz Bowman
N+1 Singer (Joint Broker) 0207 496 3000
Nic Hellyer
Alex Wright
Square1 Consulting 0207 929 5599
David Bick
Mark Longson