Flowtech Fluidpower plc (LON:FLO), the specialist technical fluid power products supplier, yesterday announced that following completion of the Firm Placing announced on 14 March 2018 and the satisfaction of the condition detailed in the Acquisition Agreement, described in the circular dated 14 March 2018, it has completed the acquisition of Balu Limited.
Application has been made for the 292,942 Acquisition Shares described in the circular dated 14 March 2018 to be admitted to trading on AIM at 8.00 a.m. on 21 March 2018 (“Admission”).
Total Voting Rights
Following Admission, the total number of ordinary shares and voting rights in the Company will be 56,347,226. The Company does not hold any shares in treasury.
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 FCA’s Disclosure Guidance and Transparency Rules.
Capitalised terms used and not defined in this announcement have the meanings given to them in the Circular relating to the Placing dated 14 March 2018.
