TIDMUBG
RNS Number : 2204A
Unbound Group PLC
01 February 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN OR INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION.
Unbound Group plc
("Unbound Group", or the "Company")
Admission to Trading on AIM
and
Confirmation of Directorate Changes
1 February 2022
Admission to Trading on AIM
The Board of Unbound Group, the online multi-brand retail
platform supporting the lifestyles of the 55+ demographic, is
pleased to confirm that the shares of the Company will be admitted
to trading on the Alternative Investment Market of the London Stock
Exchange ("Admission") with effect from 8am today, under the ticker
"UBG".
Confirmation of Directorate Changes
With effect from Admission, the directorate changes announced on
24 January will take effect. These are:
-- Ian Watson and Daniel Lampard will be appointed Directors of
the Company as Chief Executive Officer and Chief Financial Officer
(respectively)
-- Neil Johnson will continue as Non-Executive Chairman, having
previously been Executive Chairman
-- Gavin Manson will step down from his role as Chief Financial
and Operating Officer and will continue on the Board as a
Non-Executive Director
The information required by Schedule 2, paragraph (g) of the AIM
Rules for Companies in relation to all of the directors (including
the new directors, Ian Watson and Daniel Lampard) can be found in
the admission document published by the Company on 27 January
2022.
Ian Watson, Chief Executive Officer, commented:
"We are delighted to begin trading on AIM and I would like to
thank the members of our team who have played a part in reaching
today's milestone. I look forward to building on our work to date
and to creating long-term value for our stakeholders as a listed
company.
Our focus now, as well as continuing the development of Hotter
Shoes, is on developing our Unbound Group partnership strategy,
selling selected products in addition to Hotter Shoes footwear on
the Unbound Group website, which is progressing well. Confirmation
of partners in the initially targeted specialist footwear and
apparel segments will be made in due course, with first revenues
expected in the second quarter of 2022."
ENDS
ENQUIRIES
Unbound Group plc
Dan Lampard
020 3874 8300
Stifel (Nomad and corporate broker)
Ash Burman, Nick Adams, Stewart Wallace, Francis North
020 7710 7600
Vico Partners
Sofia Newitt
020 3957 5045
NOTES TO EDITORS
Unbound Group plc
Unbound Group plc is the parent company for a group selling a
range of brands focused on the 55+ demographic. Unbound will build
on the solid foundation of Hotter Shoes, its current main business,
to grow value through its curated multi-brand retail platform
supporting the active lifestyles of the 55+ demographic with a
range of products and services. Unbound's expanded offering beyond
footwear is expected to feature a broad range of active lifestyle
products and services, with third-party complementary brands
featuring alongside new Unbound brands, as well as Hotter.
Hotter Shoes
Hotter Shoes, an Unbound Group plc company, has been transformed
from a retail to a multi-channel business with a strong and growing
digital focus over the last 2 years, and is now a fast-growing,
profitable and cash-generative e-commerce focused footwear brand.
Hotter provides footwear with uncompromising focus on comfort and
fit through the use of differentiating technology, to a targeted
demographic that values its brand and products. Hotter's
direct-to-consumer channels now reach 29% of the female population
in the UK over the age of 55, providing them with footwear that
allows them to do more of what they love. Cultural and demographic
shifts now provide an opportunity to further monetise the existing
Hotter customer database and grow it through the addition of
similarly themed products beyond footwear.
FURTHER INFORMATION
This communication is being made for information purposes only
in connection with the Delisting and Admission and related matters,
and does not purport to be full or complete.
The distribution of this announcement in jurisdictions other
than the United Kingdom may be restricted by law and persons into
whose possession this document comes should inform themselves about
and observe any relevant restrictions. In particular, this document
may not be published or distributed, directly or indirectly, in or
into the United States of America, Canada, Australia, Japan or
South Africa.
The contents of this announcement have been prepared by and are
the sole responsibility of Unbound.
This announcement does not constitute an offer or invitation to
sell or issue, or a solicitation of an offer or invitation to
purchase or subscribe for any securities in any jurisdiction nor
shall it (or any part of it) or the fact of its distribution, form
the basis of, or be relied on in connection with any contract
therefor. This announcement may not be relied upon for the purpose
of entering into any transaction and should not be construed as,
nor be relied on in connection with, any offer, invitation or
inducement to purchase or subscribe for, or otherwise acquire, hold
or dispose of any securities of Unbound and shall not be regarded
as a recommendation in relation to any such transaction
whatsoever.
Stifel Nicolaus Europe Limited ("Stifel"), which is authorised
and regulated in the UK by the FCA, is acting as sponsor and
nominated adviser to Unbound exclusively in connection with the
Delisting and Admission and for no one else in connection with the
Delisting and Admission or any other matters described in this
announcement and will not regard any other person as a client in
connection with the Delisting and Admission or any other matters
described in this announcement or be responsible to anyone other
than Unbound for providing the protections afforded to clients of
Stifel nor for providing advice in connection with the Delisting
and Admission or any other matters referred to in this
announcement. Apart from the responsibilities and liabilities, if
any, which may be imposed on Stifel by the Financial Services and
Markets Act 2000 or the regulatory regime established thereunder,
neither Stifel nor any of its affiliates, directors, officers or
employees owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, consequential, whether in
contract, in tort, in delict, under statute or otherwise) to any
person who is not a client of Stifel for the contents of this
announcement or its accuracy, completeness or verification or for
any other statement made or purported to be made by it, or on its
behalf, or by any other person(s) in connection with the Delisting
and Admission, this announcement, any statement contained herein,
or otherwise.
Certain statements made in this announcement are forward-looking
statements and by their nature, all such forward-looking statements
involve risk and uncertainty. Forward-looking statements include
all matters that are not historical facts and often use words such
as "expects", "may", "will", "could", "should", "intends", "plans",
"predicts", "envisages" or "anticipates" or other words of similar
meaning. These forward-looking statements are based on current
beliefs and expectations based on information that is known to
Unbound at the date of this announcement. Actual results of the
Unbound Group (being Unbound and its subsidiary undertakings from
time to time), and/or their respective industries may differ from
those expressed or implied in the forward-looking statements as a
result of any number of known and unknown risks, uncertainties and
other factors, including, but not limited to, the effects of the
COVID-19 pandemic and uncertainties about its impact and duration,
many of which are difficult to predict and are generally beyond the
control of Unbound. Persons receiving this announcement should not
place undue reliance on any forward-looking statements. Unless
otherwise required by applicable law or regulation Unbound and its
advisers (including Stifel) disclaims any obligation or undertaking
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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END
STRFLFSDLAILVIF
(END) Dow Jones Newswires
February 01, 2022 01:59 ET (06:59 GMT)
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