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All ThingsConsidered - Subscription and Admission of New Ordinary Shares


Announcement provided by

All Things Considered Group Plc · ATC

08/07/2024 07:00

All ThingsConsidered - Subscription and Admission of New Ordinary Shares
RNS Number : 3754V
All Things Considered Group PLC
08 July 2024
 

 

8 July 2024

All Things Considered Group Plc

("ATC" or the "Company")

 

Subscription and Admission of New Ordinary Shares

Total Voting Rights

 

On 16 May 2024, ATC announced the acquisition of 55 per cent. of the issued share capital of Raw Power Management Limited ("Raw Power") (the "Acquisition"). As set out in that announcement and in accordance with the terms of the Acquisition, Phantom Music Management Limited ("Phantom"), a Raw Power loan note holder, has subscribed for 181,818 new ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") at a price of 110 pence per Ordinary Share, being equal to the closing mid-market price of ATC's Ordinary Shares on 1 July 2024.

 

These 181,818 new Ordinary Shares will be subject to a 12-month lock-in period and an orderly market agreement for any disposals for 6-months thereafter.

 

Admission and Total Voting Rights

 

An application has been made to the Aquis Stock Exchange for the 181,818 new Ordinary Shares to be admitted to trading on AQSE with effect from 11 July 2024 ("Admission"). The 181,818 new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

 

Following Admission, the enlarged issued share capital of the Company will consist of 16,541,467 Ordinary Shares, none of which are held in treasury. Therefore, the total number of voting rights in the Company will be 16,541,467 and from Admission this 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 to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

For further information, please contact:

 

ATC Group

Adam Driscoll, CEO

Rameses Villanueva, CFO

 

 

Via Alma PR

Allenby Capital Limited - AQSE Corporate Adviser and Broker

Jeremy Porter/Liz Kirchner - Corporate Finance

Matt Butlin - Equity Sales & Corporate Broking

 

 

+44(0)20 3328 5656

Alma Strategic Communications - Financial PR

Hilary Buchanan/Justine James/Will Merison

+44(0)20 3405 0205 

 

About ATC

 

ATC Group is an independent music business company operating internationally with strong business focus in the key commercial areas of music artist's business. The Group encompasses direct artist representation in the form of management and live representation, merchandising, music promotion, live-streaming and a range of other music services.

 

The Group is headquartered in London, with offices in the key industry hubs of Los Angeles and New York and also in Europe.

 

From 1 January 2024 the Group's key businesses are structured into segments that reflect the growing range of the group's activities:

 

·    Artist Representation (ATC Management, Raw Power Management, ATC Live)

·    Services (Sandbag, Your Army America, Familiar Music, Driift)

·    Live Events and Experiences (ATC Experience, Mckeown Asset Management)

 

For more information see: www.atcgroupplc.com

 

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