For immediate release 29 March 2017
CareTech Holdings PLC
("CareTech", "the Company" or "the Group")
Issue of Equity
CareTech Holdings PLC (AIM: CTH), a leading UK provider of specialist social care services, announces that, on 28 March 2017, 344,305 new ordinary shares of 0.5 pence each in the capital of the Company ("Ordinary Shares") were issued as part of the arrangements for full and final settlement of the earn-out agreed with the vendors of ROC North West Limited ("ROC"), acquired by the Company in December 2015. The new Ordinary Shares were issued at a deemed price of 365 pence per share.
Application for admission to trading on AIM and total voting rights
Application has been made to the London Stock Exchange for admission of the 344,305 new Ordinary Shares to trading on AIM. It is expected that admission will take place at 8:00 a.m. on or around 3 April 2017 and that dealings in the new Ordinary Shares on AIM will commence at the same time. The new Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares in issue, including the right to receive dividends.
On admission, the Company's issued share capital will consist of 75,541,208 Ordinary Shares. All of these Ordinary Shares carry voting rights of one vote per Ordinary Share. There are no Ordinary Shares held in treasury and so the total number of voting rights in the Company following admission will be 75,541,208. The above figures should be used by shareholders following admission 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 Financial Conduct Authority's Disclosure and Transparency Rules.
For further information, please contact:
CareTech Holdings PLC 01707 601800
Farouq Sheikh, Executive Chairman
Michael Hill, Group Finance Director
Buchanan (PR Adviser) 020 7466 5000
Panmure Gordon (Nomad and Joint Broker) 020 7886 2500
WH Ireland (Joint Broker) 020 7220 1666
CareTech Holdings plc is a leading provider of specialist social care services, supporting adults and children with a wide range of complex needs in more than 250 specialist services around the UK.
Committed to the highest standards of care and care governance, CareTech provides its innovative care pathways through five divisions covering adult learning disabilities, mental health, young people residential services, foster care and learning services.
CareTech, which was founded in 1993, began trading on the AIM market of the London Stock Exchange in October 2005 under the ticker symbol CTH. Its freehold portfolio comprises more than 195 properties.
For further information please visit: www.caretech-uk.com
This information is provided by RNS