The Board of 600 Group today confirms that further to the announcement of the acquisition of Control Micro Systems Inc. the shares issued to Mr Tim Miller as part of the consideration have now been admitted to trading on AIM. Following the admission of the shares Mr Miller is interested in a total of 4,500,000 ordinary shares in the Company, representing 3.83% of the total voting rights.
Following the admission of the new shares the total issued share capital of the Company is 117,473,341.
The above 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.
The 600 Group PLC
Paul Dupee, Executive Chairman
Neil Carrick, Finance Director
Tel: 01924 415000
Tel: 0207 457 2020
Spark Advisory Partners Limited (NOMAD)
Tel: 020 3368 3553
WH Ireland (Broker)
Tel: 020 7220 1666
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
About The 600 Group PLC
The 600 Group PLC is a distributor, designer and manufacturer of industrial products with three principal areas of activities:
The business has a strong reputation in the market for metal turning machines. Products range from small conventional machines for education markets, CNC workshop machines and CNC production machines. Selected outsourcing partners support the manufacturing of these machines and they are marketed through the Group's wholly owned international sales organisation and global distribution network.
Precision Engineered Components
Machine spares are distributed to customers globally to help maintain the installed base of group machines which number in excess of 100,000. Additionally, work holding products and taper roller bearings are sold via specialist distributors to OEMs, including other machine builders.
Industrial Laser Systems
Industrial laser systems are a technologically superior alternative to ink jet marking. It requires no consumables and can operate on a continuous high speed basis when integrated into customers' production lines. The business has its own technology and proprietary software. Customer applications are diverse and range from telecommunications to pharmaceuticals. The requirement for increased product and component traceability is one of the market drivers.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Subsidiary Managing Director
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
The 600 Group PLC
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Description of the financial instrument, type of instrument
Nature of the transaction
Issue of shares on Acquisition (consideration shares)
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
28 June 2019
Place of the transaction
London Stock Exchange XLON
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