1 December 2015
Redde plc
("Redde" or the "Company")
Issue of Deferred Consideration Shares
On 30 November Redde issued 480,923 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 eighth 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 4
December 2015 ("Admission").
Following Admission, the Company shall have 292,356,018 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
Brian Alexander