RNS Number : 0523P

Immediate Acquisition PLC

15 June 2022

This announcement is for information purposes only and does not constitute or contain any invitation, solicitation, recommendation, offer or advice to any person to subscribe for, otherwise acquire or dispose of any securities in Immediate Acquisition Plc or any other entity in any jurisdiction. Neither this announcement nor the fact of its distribution shall form the basis of, or be relied on in connection with, any investment decision in Immediate Acquisition Plc.

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 which forms part of English law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

15 June 2022

Immediate Acquisition Plc

("IME" or "the Group" or "the Company")

Publication of Admission Document and Restoration of Trading

The Directors of Immediate Acquisition Plc (AIM: IME) are pleased to announce that further to the close of the accelerated bookbuild ("ABB") announced earlier today, IME has published an Admission Document which sets out information on, inter alia, the proposed acquisition of Fiinu Holdings Ltd (which constitutes a reverse takeover under the AIM Rules), the placing of 40,050,000 ordinary shares at 20p per share, the Waiver of Rule 9 of the City Code and the proposed change of name to Fiinu Group PLC.

The Admission Document, Notice of General Meeting and Form of Proxy have been despatched to IME shareholders. The Admission Document and Notice of Meeting are available to download from the Company's website at www.imeplc.com . Copies of these documents will also be available free of charge to the public during normal business hours on any day (Saturdays, Sundays and public holidays excepted) at the offices of SPARK Advisory Partners Limited, 5 St John's Lane, London, EC1M 4BH.

A general meeting where shareholders can consider the proposals set out in the Admission Document has been convened for 10.00 a.m. on 1 July 2022 at the offices of Charles Russell Speechlys, 5 Fleet Place, London, EC4M 7RD. The expected timetable of principal events is set out below.

As a result of the publication of the Admission Document, the Company expects trading in its ordinary shares to be restored on the AIM market at 7.30 a.m. tomorrow morning, 16 June 2022.

Further announcements will be made as appropriate.

   For further information please contact: 
 Immediate Acquisition Plc                      Tel: +44 (0) 203 515 0233 
  Tim Hipperson, Non-executive Chairman 
  Simon Leathers, Non-executive Director 
 SPARK Advisory Partners Limited (Nomad)        Tel: +44 (0) 203 368 3550 
  Mark Brady 
  Neil Baldwin 
 SP Angel Corporate Finance LLP (Broker)        Tel: +44 (0) 207 470 0470 
  Matthew Johnson 
  Abigail Wayne 
 Buchanan Communications                        Tel: +44 (0) 207 466 5000 
  Chris Lane / Kim van Beeck 

Expected Timetable of Principal Events

 Publication of the Admission Document                   15 June 2022 
 Latest time and date for receipt of CREST               29 June 2022 
  voting intentions 
 Latest time and date for receipt of Forms      10.00 a.m. on 29 June 
  of Proxy                                                       2022 
 Time and date of the General Meeting            10.00 a.m. on 1 July 
 Expected date for change of name to become        Anticipated within 
  effective                                             five Business 
                                                  Days of the General 
 Expected date of confirmation of Banking          anticipated within 
  Licence to Fiinu by FCA & PRA                         five Business 
                                                  Days of the date of 
                                                          the General 
 Expected completion of Acquisition of Fiinu,       anticipated to be 
  issue of the New Ordinary                           8.00 a.m. on or 
  Shares, re-admission of the Enlarged Issued      about the Business 
  Share Capital and                                     Day following 
  commencement of dealings on AIM                 confirmation of the 
 Expected date for New Ordinary Shares to           anticipated to be 
  be credited to CREST accounts                       8.00 a.m. on or 
                                                   about the Business 
                                                        Day following 
                                                  confirmation of the 
 Despatch of definitive certificates for            within 14 days of 
  New Ordinary Shares                                       Admission 

All of the above timings refer to UK time. All future times and/or dates referred to above are subject to change at the discretion of the Company and SPARK.

Any changes to the above dates and times will be communicated by the Company via RIS announcements.

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(END) Dow Jones Newswires

June 15, 2022 13:27 ET (17:27 GMT)

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