RNS – Exercise of Options and Total Voting Rights

Aquila, a company formed to acquire and operate growing businesses operating in the affordable housing services sector, announces that the Company has received notice from an employee to exercise an option to subscribe for 10,000 ordinary shares at a price of £0.05 per ordinary share. The notice was accepted as valid and having received funds of £500, the Company has accordingly issued and allotted 10,000 new ordinary shares (the “Option Shares”).

Applications have been made to the FCA and the London Stock Exchange for the Option Shares to be admitted to the Official List and to trading on the London Stock Exchange’s main market for listed securities (the “Admission”). It is expected that Admission will become effective on 21 February 2020.

Following the issue of the Option Shares, which on Admission will rank pari passu with the existing ordinary shares, the total number of ordinary shares in issue with voting rights in the Company will be 37,947,905. There are no shares held in treasury.

The above figure of 37,947,905 may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).

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