TIDMUBG
RNS Number : 5626V
Unbound Group PLC
10 August 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).
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE
SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE
(AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR").
10 August 2022
Unbound Group plc
Results of General Meeting and Open Offer,
Issue of Equity
and
Total Voting Rights
Unbound Group plc (AIM: UBG) ("Unbound Group", the "Company" or,
together with its subsidiary undertakings, the "Group") is pleased
to announce all resolutions put to shareholders at the General
Meeting held earlier today in connection with the Fundraising and
Share Capital Reorganisation were duly passed.
The Company has raised approximately GBP3.4 million (before
expenses) through the Fundraising. This includes approximately
GBP134,000 raised through the Open Offer (before expenses)
following the receipt of valid applications for 893,237 Open Offer
Shares from Qualifying Shareholders, including applications under
the Excess Application Facility. This represents 13.4 per cent. of
the available Open Offer Shares. Accordingly, Qualifying
Shareholders who have validly applied for Open Offer Shares will,
subject to the conditions below, receive their full Open Offer
Entitlement.
The Company has therefore issued and allotted 20,783,334 Placing
Shares, 1,221,281 Subscription Shares and 893,237 Open Offer
Shares. Application has been made to the London Stock Exchange for
22,897,852 New Ordinary Shares to be admitted to trading on AIM.
Admission is expected at 8.00 a.m. on 11 August 2022.
The New Ordinary Shares will rank pari passu with the Existing
Ordinary Shares.
The Fundraising remains conditional, inter alia, upon
Admission.
Ian Watson, Chief Executive Officer, said:
"I would like to thank shareholders for their support of the
Fundraising and take the opportunity to welcome new investors onto
the register. Now, with the Fundraising approved, we will focus on
accelerating our growth strategy in a controlled fashion. The
proceeds will fund investment in the four key areas of growing our
partner brand strategy, expanding our garden centre concession
portfolio, investing in technology and investing in additional fast
moving inventory. We look forward to moving forward with these
plans and updating shareholders on our progress."
The results of the proxy voting on the Resolutions received in
advance of the General Meeting are as below:
No. Resolution For % For Against % Against Withheld
Allot New Ordinary
1 Shares 19,380,628 82.1% 4,218,554 17.9% 13,764
------------------- ----------- ------ ---------- ---------- ---------
2 Pre-emption rights 19,368,467 82.1% 4,229,177 17.9% 15,114
------------------- ----------- ------ ---------- ---------- ---------
New articles of
3 association 19,383,427 82.1% 4,215,567 17.9% 13,764
------------------- ----------- ------ ---------- ---------- ---------
Sub-division of
4 shares 19,378,362 82.1% 4,218,360 17.9% 16,036
------------------- ----------- ------ ---------- ---------- ---------
Pursuant to Resolution 4, each existing ordinary share of 25
pence each in the capital of the Company will be sub-divided and
reclassified into:
a) one new ordinary share of 1 penny each in the capital of the
Company, such shares having the same rights, being subject to the
same restrictions, and ranking on the same basis (save as to
nominal value) as the Existing Ordinary Shares as set out in the
New Articles; and
b) one deferred share of 24 pence each in the capital of the
Company, and the deferred shares will have the rights and be
subject to the restrictions set out in the New Articles.
Total Voting Rights
Following Admission, the Company will have 65,155,980 Ordinary
Shares in issue. No shares are held in treasury, therefore, the
total number of voting rights in the Company following Admission
will be 65,155,980.
Shareholders may use this figure as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
issued share capital of the Company, under the FCA's Disclosure
Guidance and Transparency Rules.
Unless otherwise defined, capitalised terms used in this
announcement shall have the same meanings as defined in the
Circular, published by the Company on 22 July 2022.
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
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END
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August 10, 2022 05:25 ET (09:25 GMT)
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