MTC.GB Mothercare PLC

 
TIDMMTC 
 
 
   12 March 2021 
 
   Mothercare plc ("Mothercare", "the Company" or "the Group") 
 
   Admission to AIM 
 
   Mothercare is pleased to announce the admission of the Company's 
ordinary shares of 1 pence each ("Ordinary Shares") to trading on AIM 
will take place at 8.00 a.m. today.  Simultaneously, the admission of 
the Ordinary Shares to trading on the Main Market of The London Stock 
Exchange plc and to the premium listing segment of the Official List 
will be cancelled. The Ordinary Shares will continue to trade under the 
TIDM "MTC". This follows the Company's announcement on 25 January 2021 
and the General Meeting held on 10 February 2021. 
 
   Upon admission there are 374,192,494 Ordinary Shares in issue and 
subsequently it is expected that a further 189,644,132 Ordinary Shares 
will be admitted upon the CULS conversion in the next few days, as set 
out in the Circular to shareholders dated 25 January 2021. A further 
announcement will be made in due course. Upon admission there will also 
be 23,356,329 Ordinary Shares block listed. 
 
   Mothercare will provide a trading update cover the financial year to the 
end of March 2021 shortly after the period end in late April, ahead of 
final results later in July 2021. 
 
   Clive Whiley, Chairman of Mothercare, said: 
 
   "The admission to AIM marks the conclusion of this final phase of the 
refinancing and restructuring of Mothercare. This period of hard work, 
effort and forbearance by our staff and stakeholders has paid off, and 
Mothercare can look forward to a brighter and stable future once more. 
 
   Our resilient performance through the pandemic bears out the robustness 
of the Mothercare business today. We are not immune to the impact of the 
pandemic on our Franchise Partners' operations around the world but we 
arrive on AIM today in good shape, with the next step down in our 
leverage position to be completed shortly with the CULS conversion of 
the GBP19m shareholder loans into ordinary shares. Mothercare faces the 
future as a conservatively financed, cash generative and profitable 
business for the first time in many years. That is an exciting prospect 
for all of our staff and stakeholders." 
 
   Company information (as required by AIM Rule 26) can be found at 
www.mothercareplc.com. 
 
   Investor and analyst enquiries to: 
 
   Mothercare plc                                                                      Email: investorrelations@mothercare.com 
 
 
   Andrew Cook, Chief Financial Officer 
 
 
   Kevin Rusling, Chief Operating Officer 
 
 
   Numis Securities Limited (Financial Advisor & NOMAD)               Tel: 
020 7260 1000 
 
   Luke Bordewich 
 
   Henry Slater 
 
   Media enquiries to: 
 
   MHP Communications                                                          Email: mothercare@mhpc.com 
 
 
   Tim Rowntree                                                                         Tel: 020 3128 8789 
 
 
   Simon Hockridge 
 
 
 
 

(END) Dow Jones Newswires

March 12, 2021 02:00 ET (07:00 GMT)

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