REG - Accrol Group Hldgs - Result of General Meeting
RNS Number : 0415GAccrol Group Holdings PLC20 November 202020 November 2020
Accrol Group Holdings plc
(the "Company")
AIM: ACRL
Result of General Meeting
Accrol Group Holdings plc, a leading independent tissue converter in the UK, announces that, at its general meeting held earlier today (the "General Meeting"), all resolutions proposed at the General Meeting (the "Resolutions") were duly passed.
Following the approval of the Resolutions, the placing to raise £38.5 million (before expenses) (the "Placing") and the open offer to raise c.£4.1 million (before expenses) (the "Open Offer"), each as described in more detail in the announcement made by the Company on 3 November 2020, remain conditional on admission of the new ordinary shares being issued pursuant to the Placing to trading on AIM becoming effective, which is expected to occur at 8am on Monday, 23 November 2020.
For further information, please contact:
Accrol Group Holdings plc
Dan Wright, Executive Chairman
Via Belvedere Communications
Gareth Jenkins, Chief Executive Officer
Zeus Capital Limited (Nominated Adviser & Broker)
Dan Bate / Jordan Warburton
Tel: +44 (0) 161 831 1512
Dominic King / John Goold
Tel: +44 (0) 203 829 5000
Liberum Capital Limited (Joint Broker)
Tel: +44 (0) 20 3100 2222
Clayton Bush / Edward Thomas
Deloitte LLP (Financial Adviser)
Tel: +44 (0) 20 7936 3000
Andrew Westbrook / Chris Nicholls
Belvedere Communications Limited
Cat Valentine
Tel: +44 (0) 7715 769 078
Keeley Clarke
Tel: +44 (0) 7967 816 525
Llew Angus
Tel: +44 (0) 7407 023 147
Notes to Editors
Accrol Group Holdings plc, based in Lancashire, is a leading tissue converter and supplier of toilet tissues, kitchen rolls and facial tissues, as well as other tissue products, to major discounters and grocery retailers throughout the UK. The business operates from four sites in Lancashire:
·
A manufacturing, storage, and distribution facility in Blackburn;
·
A storage and administrative centre in Blackburn;
·
A facial tissue plant, also in Blackburn; and
·
A manufacturing, storage, and distribution facility in Leyland.
For more information, please visit www.accrol.com.
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