Additional Listing

LONDON--()--

12 May 2020

Next Fifteen Communications Group plc

(“Next 15” or the “Company”)

Additional Listing

Next Fifteen Communications Group plc announces that application has been made to the London Stock Exchange for 1,711,295 new ordinary shares of 2.5 pence each in the Company (‘Ordinary Shares’) to be admitted to AIM.

An application was made in respect of:

89,532 Ordinary Shares expected to be issued as part of the deferred consideration payable under the terms of the acquisition by Next 15 of the entire issued share capital of PMC Investments Limited, having been announced on 27 September 2016;

179,062 Ordinary Shares expected to be issued as part of the deferred consideration payable under the terms of the acquisition by Next 15 of the entire issued share capital of Publitek Limited, having been announced on 11 March 2016;

88,402 Ordinary Shares expected to be issued as part of the deferred consideration payable under the terms of the acquisition by Next 15 of the entire issued share capital of Technical Publicity Limited, having been announced on 13 July 2018;

235,830 Ordinary Shares expected to be issued as part of the deferred consideration payable under the terms of the acquisition by Next 15 of Activate Marketing Services LLC, having been announced on 1 November 2018;

87,308 Ordinary Shares expected to be issued as part of the deferred consideration payable under the terms of the acquisition by Next 15 of the entire issued share capital of Twogether Creative Limited (the “Twogether Acquisition”), having been announced on 1 April 2016. On 6 May 2020, Next 15 amended the terms of the Twogether Acquisition, bringing forward a portion of the final payment in respect of deferred consideration. The payment of this portion of the deferred consideration has been brought forward (from the original payment date of 2021), in order to enable a long-term incentive plan for key Twogether management to be implemented; and

457,226 Ordinary Shares expected to be issued as consideration for the acquisition by the Company of certain growth shares from management under the Twogether Creative Limited 2016 Growth Share Equity Incentive Plan noted in the Company's financial statements for the period ending 31 January 2020.

These new Ordinary Shares will, upon issue, rank pari passu with the existing ordinary share capital of the Company. It is expected that admission will become effective by 13 May 2020.

Following the issue and allotment of these new Ordinary Shares as described above, the Company will have 87,848,857 Ordinary Shares in issue. No shares are held in treasury.

An application was made in respect of:

573,935 Ordinary Shares expected to be issued as consideration for the acquisition by a subsidiary of the Company of certain growth shares from management under The M Booth & Associates LLC 2014 Equity Incentive Plan noted in the Company's financial statements for the period ending 31 January 2020.

These new Ordinary Shares will, upon issue, rank pari passu with the existing ordinary share capital of the Company. It is expected that admission will become effective by 15 May 2020.

Following the issue and allotment of these new Ordinary Shares as described above, the Company will have 88,422,792 Ordinary Shares in issue. No shares are held in treasury.

Enquiries:

Next Fifteen Communications Group plc
Nick Lee Morrison, General Counsel & Company Secretary
+44 (0) 20 7908 6444

Numis
Nick Westlake, Mark Lander, Hugo Rubinstein
+44 (0)20 7260 1000

Short Name: Next Fifteen Comm
Category Code: ALS
Sequence Number: 699461
Time of Receipt (offset from UTC): 20200512T142031+0100

Contacts

Next Fifteen Communications Plc

Contacts

Next Fifteen Communications Plc