Business
Issue of Equity - TRC Contingent Consideration
Elixirr International PLC has issued 822,194 new ordinary shares at £7.20 each, totaling £5.9 million, to satisfy contingent consideration for the acquisition of TRC Advisory, LLC based on FY25 performance. These new shares, which will rank pari passu with existing shares, are subject to one-year lock-in arrangements and subsequent selling limitations. Following admission to the London Stock Exchange on May 26, 2026, the Company's total issued ordinary shares will be 50,853,348. Disclaimer*
About this update from Elixirr International Plc
[{"type":"text","content":"\n\nELIXIRR INTERNATIONAL PLC\n(\"Elixirr\", the \"Company\" or the \"Group\")\nIssue of Equity - TRC Contingent Consideration\nElixirr International plc (ELIX.L), an established, global award-winning challenger consultancy, announces that, pursuant to the terms of the acquisition of TRC Advisory, LLC (\"Acquisition\") in September 2025, the Company has issued 822,194 new ordinary shares of £0.00005 each in the capital of the Company (\"New Ordinary Shares\").\nThe issuance of New Ordinary Shares is to satisfy the equity element of contingent consideration due in relation to the FY 25 performance of TRC Advisory, LLC. The New Ordinary Shares are being issued at £7.20 per share and a total value of £5.9 million (US$8.0 million), representing the maximum value of equity contingent consideration available for FY 25 performance under the terms of the Acquisition.\nThe New Ordinary Shares are subject to one-year lock-in arrangements plus limitations on the number of shares which may be sold in each of the following three years under nominee agreements.\nAdmission and Total Voting Rights\nApplication will be made to the London Stock Exchange for the 822,194 New Ordinary Shares to be admitted to listing in the equity shares (commercial companies) category of the Official List of the Financial Conduct Authority (the \"FCA\") and to trading on the London Stock Exchange's Main Market for listed securities (\"Admission\"). It is expected that Admission will become effective at 8.00 a.m. on 26 May 2026.\nThe New Ordinary Shares will rank pari passu in all respects with the existing issued ordinary shares of the Company.\nAfter Admission, the total number of ordinary shares in issue will be 50,853,348, and the total number of voting rights will be 50,853,348. Following Admission, this figure may be used by Company shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \nEnquiries:\nFor enquiries, please refer to the Company's Investor Contacts page:\nhttps://www.elixirr.com/investors/investor-contacts\nElixirr International plc &nbs...