TIDMUBG

RNS Number : 5151T

Unbound Group PLC

22 July 2022

NEITHER THIS ANNOUNCEMENT, NOR ANY COPY OF IT, NOR THE INFORMATION CONTAINED IN IT, IS FOR PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL (OR TO ANY PERSONS IN ANY OF THOSE JURISDICTIONS). PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

22 July 2022

Unbound Group plc

Launch of Open Offer, Posting of Circular

and

Notice of General Meeting

Unbound Group plc (AIM: UBG) ("Unbound Group", the "Company" or, together with its subsidiary undertakings, the "Group"), is pleased to announce that, further to the Company's announcement on 21 July 2022 (the "Launch Announcement"), it is proposing to raise up to approximately GBP1 million (before expenses) through an Open Offer pursuant to which Qualifying Shareholders will have an opportunity to subscribe for an aggregate of 6,675,849 Open Offer Shares at an Offer Price of 15 pence per Open Offer Share.

Pursuant to the Open Offer, Qualifying Shareholders will be given the opportunity to subscribe for:

1 Open Offer Share for every 6.33 Existing Ordinary Shares

held by Qualifying Shareholders at the Record Date and so on in proportion for any other number of Existing Shares then held.

Any Open Offer Shares not subscribed for by Qualifying Shareholders will be available to Qualifying Shareholders under the Excess Application Facility and as such, Qualifying Shareholders seeking to limit their dilution from the Placing can also request additional Open Offer Shares ("Excess Shares") under the Excess Application Facility. The Open Offer is not being underwritten.

The Open Offer is conditional upon, among other things (i) the Resolutions being duly passed by Shareholders at the General Meeting and (ii) Admission having become effective at or before 8.00 a.m. on 11 August 2022 (or such later time and/or date as the Bookrunner may agree with the Company not being later than 8.00 a.m. on 1 September 2022).

Posting of Circular

The Company also confirms that a circular, which contains further details regarding the Open Offer and the Share Capital Reorganisation and a notice convening the General Meeting (the "Circular"), will be posted today to Qualifying Shareholders, along with the Application Form (where applicable). The Circular will also be made available on the Company's website: https://unboundgroupplc.com/.

Notice of General Meeting

The General Meeting has been convened for 10.00 a.m. on 10 August 2022 at the offices of Singer Capital Markets, 1 Bartholomew Lane, London, EC2N 2AX.

Capitalised terms used in this announcement have the meanings given to them in the Circular, unless the context provides otherwise.

Enquiries:

Unbound Group plc

Ian Watson, Chief Executive Officer

Dan Lampard, Chief Financial Officer

020 3874 8300

Singer Capital Markets (Nominated Adviser, Sole Broker and Sole Bookrunner)

Peter Steel / Tom Salvesen / Alaina Wong / Kailey Aliyar

020 7496 3000

Vico Partners (Financial PR Adviser)

Sofia Newitt

020 3957 5045

 
 EXPECTED TIMETABLE OF PRINCIPAL EVENTS 
                                                                              2022 
 Record Date and time for entitlements under the                   6.00 p.m. on 19 
  Open Offer                                                                  July 
 Announcement of the Fundraising                                           21 July 
 Posting of the Circular, Application Forms and                            22 July 
  Forms of Proxy 
 Existing Ordinary Shares marked 'ex' by London                    8.00 a.m. on 22 
  Stock Exchange                                                              July 
 Basic Entitlements and Excess Open Offer Entitlements             8.00 a.m. on 25 
  credited to stock accounts in CREST of Qualifying                           July 
  CREST Shareholders 
 Recommended latest time for requesting withdrawal                  4.30 p.m. on 2 
  of Basic Entitlements and Excess Open Offer Entitlements                  August 
  from CREST 
 Latest time for depositing Basic Entitlements                      3.00 p.m. on 3 
  and Excess Open Offer Entitlements into CREST                             August 
 Latest time and date for splitting of Application                  3.00 p.m. on 4 
  Forms (to satisfy bona fide market claims only)                           August 
 Last time and date for receipt of completed Forms                   10.00 a.m. on 
  of Proxy                                                                8 August 
 Latest time and date for receipt of completed                       11.00 a.m. on 
  Application Forms and payment in full under the                         8 August 
  Open Offer or settlement of relevant CREST instruction 
  (as appropriate) 
 General Meeting                                                     10:00 a.m. 10 
                                                                            August 
 Record Date for the Share Capital Reorganisation              6.00 p.m. 10 August 
 Results of General Meeting and Open Offer announced                     10 August 
  through an RIS 
 Effective Date for the Corporate Restructure                      7.00 a.m. on 11 
                                                                            August 
 Admission and commencement of dealings in the                 8:00 a.m. 11 August 
  Placing Shares and the Open Offer Shares 
 Placing Shares and Open Offer Shares credited                           11 August 
  to CREST stock accounts 
 Despatch of definitive share certificates for                      within 14 days 
  Placing Shares and Open Offer Shares held in certificated           of Admission 
  form 
 

Each of the times and dates above refer to London time and are subject to change. Any such change will be notified to Shareholders by an announcement through a Regulatory Information Service. All events listed in the above timetable following the General Meeting are conditional on the passing of the Resolutions at the General Meeting.

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END

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July 22, 2022 12:35 ET (16:35 GMT)

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