TIDMESSN
RNS Number : 2435T
Essentially Group PLC
17 March 2023
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17 March 2023
Essentially Group PLC
(the 'Company' or 'Essentially')
Admission to Trading on AQSE
and
First Day of Dealings
Essentially Group PLC, a leading health food company in the UAE
delivering high quality nutrition (wellness shots, functional
juices, lemonades, nut milks, single origin fruit juices and
healthy snacks) to its customers, is pleased to announce that
trading in its Ordinary Shares will commence on the AQSE Growth
Market ("AQSE") at 08:00 today, 17 March 2023, under the ticker
"ESSN" and ISIN number GB00BKS7D362 .
The Company has been admitted to the Access segment of AQSE and
the commencement of trading of the Company's Ordinary Shares
follows a successful subscription for a total of 1,200,000 Ordinary
Shares at GBP0.50 per Ordinary Share, raising gross proceeds of
GBP600,000 (before expenses).
On Admission, the Company will have 51,300,000 Ordinary Shares
in issue and the market capitalisation of the Company will be
approximately GBP25,650,000.
Raja Wail Abuljebain, Chief Executive Officer of Essentially,
commented:
"We are delighted to have reached this significant milestone in
Essentially's journey.
Our philosophy is that quality nutrition should be easily
accessible in our modern, demanding lifestyles so that individuals
can create positive, long-lasting changes to their diet and overall
health. We believe that our listing today on the AQSE Growth Market
will allow us to reach more people and deliver on our mission to
get this quality nutrition into as many hands as possible.
We would like to thank our Shareholders, our Advisers and the
Exchange for working with us to achieve this listing and we look
forward to this continued partnership."
**END**
For more information, please refer to the Company's AQSE
Admission Document 2023 which is available on the Company's
website: www.essentiallyplc.com
For further information please contact:
Essentially Group PLC
Raja Wail Abuljebain, Chief Executive Officer
+971 566440676
Alfred Henry Corporate Finance Limited (AQSE Corporate
Adviser)
Nick Michaels
+44 20 3772 0021
Clear Capital Markets Limited (Broker)
Andrew Blaylock
+44 20 3869 6082
About Essentially Group PLC
Essentially's mission and strategy is the acquisition, holding
and development of companies active in the health food and
beverages market. On 1 September 2022, Essentially Group PLC
acquired Essentially Holdings Ltd (and its wholly owned subsidiary,
Essentially Juices Manufacturing LLC ("EJM")) by means of a share
for share exchange.
EJM operates in the health food industry and more specifically
in the juice market, offering premium quality wellness shots,
functional juices, lemonades, nut milks, single origin fruit juices
and healthy protein snacks within the UAE and regional markets. EJM
has a manufacturing facility in Dubai where the beverages are
produced.
EJM does not thermally pasteurise its beverages but instead uses
a process known as high pressure processing ("HPP") i.e., a
non-thermal 'pasteurisation'. The HPP process "deactivates"
unwanted microorganisms in the juices and consequently extends
shelf life. By using pressure instead of heat, the final product
also maximises its organoleptic and nutritional attributes.
All of EJM's bottles are 100% recyclable. EJM is committed to
protect the planet and is assessing the viability of recycled
polyethylene terephthalate ('rPET') and/or biodegradable and
compostable polylactic acid ('PLA') plastic bottles for its
beverages.
EJM is active in the UAE and Kingdom of Saudi Arabia fruit and
vegetable juice market. The GCC fruit and vegetable juice market
size reached US$ 3.1 billion in 2021 and is projected to reach US$
4.3 billion by 2027, exhibiting a growth rate (CAGR) of 5.8% over
the period 2022-2027.
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END
NEXJFMTTMTJBBAJ
(END) Dow Jones Newswires
March 17, 2023 03:00 ET (07:00 GMT)
Essentially (AQSE:ESSN)
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De Oct 2024 a Nov 2024
Essentially (AQSE:ESSN)
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De Nov 2023 a Nov 2024
