London-based online trading firm CMC Markets Plc (LON:CMCX) has announced the issuance of 28,861 shares, as part of the bonus offer to clients from its IPO last year.
Last week marked one year since CMC Markets’ IPO. In the IPO, an offer was made to retail clients who purchased shares in the offering, that they would receive one bonus share for each 10 shares purchased, if those shares were held for a full year post IPO.
Well a year had passed, and it seems as though about 288,610 shares were indeed held for the full year period, resulting in the 28,861 bonus shares now being issued.
The full statement issued by CMC Markets reads as follows:
CMC Markets plc
13 February 2017
Issue of Equity: Bonus Shares pursuant to Client Share Offer
CMC Markets plc (LSE: CMCX, “the Company”), a leading provider of online retail trading, announces that, further to the Client Share Offer made by the Company in connection with its initial public offering of Ordinary Shares of 25 pence each (the “Shares”) in the capital of the Company (the “IPO”), application has been made for 28,861 Shares (the “Bonus Shares”) to be admitted to the premium listing segment of the Official List and to trading on the main market for listed securities of London Stock Exchange plc (together, “Admission”). It is expected that the Admission of the Bonus Shares will take place on 16 February 2017. When issued, the Bonus Shares will rank pari passu with the existing Shares of the Company.
Under the terms of the Client Share Offer, details of which are contained in the prospectus published in connection with the IPO (the “Prospectus”), Eligible Clients who acquired Shares in the Client Share Offer on 10 February 2016 and held them for a continuous period of one year up to and on the Bonus Share Record Date of 10 February 2017 are eligible to receive 1 free Share for every 10 Shares so acquired, subject to certain conditions as set out in the Prospectus.
At admission the issued share capital of the Group will consist of 288,103,959 ordinary shares. The total number of voting rights in the Group will therefore be 288,103,959. This figure may be used by shareholders as the denominator to determine if they are required to notify their interests in, or a change to their interest in, the Group under the Disclosure and Transparency Rules.
Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the Prospectus.