Walker Crips issues shares following recruitment drive

Made a number of new hires this year

Walker Crips Group intends to issue new shares to cover contractual commitments made as part of its recruitment and expansion drive.

The financial services firm said it has applied to issue a total of 1,190,987 new ordinary shares, which will be allotted to personnel associated with the company. The onward sale of these shares will be restricted for the period until March 2021, at the earliest. The group has made applications to the UK Listing Authority and to the London Stock Exchange for the shares to be traded on the stockmarket, with the admission expected to take effect at 8am on 20 October. Walker Crips said its total issued capital will consist of 40,265,607 ordinary following the issue. The new shares...