SORTED GROUP HOLDINGS PLC — M&A Activity 2022

Feb 1, 2022

National Storage Mechanism | Additional information

RNS Number : 2171A

Location Sciences Group PLC

01 February 2022

1 February 2022

This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

Location Sciences Group PLC

("Location Sciences" or the "Company" or the "Group")

Further re Sale of Certain Assets to Digital Envoy, Inc.

Location Sciences (AIM: LSAI) is pleased to announce that further to the Company's announcement on 22 October 2021 regarding the sale of its insights dashboard and four contracts to Digital Envoy, Inc., the post-closing warranties and covenants referred to in that announcement have been satisfied.  As a result, the Company has received the remaining US$125,000 consideration which was retained under the terms of the sale agreement.

For further information please contact:

Location Sciences Group PLC                                       via Allenby

Mark Slade, Chief Executive Officer

David Rae, CFO and Commercial Director

Allenby Capital Limited (Nominated Adviser)             Tel: +44 (0)20 3328 5656

David Hart

Vivek Bhardwaj

Turner Pope Investments (TPI) Ltd (Joint Broker)     Tel: +44 (0)20 3657 0050

James Pope

Andy Thacker

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