REG - Actual Experience - Exercise of Broker Option

Actual ExperienceAnnouncement

23/09/2022 16:30

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RNS Number : 5106A  Actual Experience PLC  23 September 2022

THIS ANNOUNCEMENT ("ANNOUNCEMENT") AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA,
CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, THE REPUBLIC OF IRELAND OR ANY
OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL.  PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018) ("UK MAR")). IN ADDITION, MARKET
SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF THE PLACING WITH THE
RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED IN
UK MAR), AS PERMITTED BY UK MAR. THIS INSIDE INFORMATION IS SET OUT IN THIS
ANNOUNCEMENT. THEREFORE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION IN A
MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION
RELATING TO THE COMPANY AND ITS SECURITIES.

Actual Experience plc

(the "Company" or "Actual" or "Actual Experience")

Exercise of Broker Option

Actual Experience plc (AIM: ACT), the analytics-as-a-service company, is
pleased to announce that, further to the announcement of the proposed
Fundraising released at 12.00 p.m. on 21 September 2022 (the "Launch
Announcement"), the Broker Option has been exercised in respect
of 6,037,500 Broker Option Shares, raising additional gross proceeds of
£120,750 for the Company.

The Broker Option Shares will be issued at a price of 2 pence per Broker
Option Share (being the Placing Price) and on the same terms and conditions as
the issue of the Placing Shares and the Subscription Shares pursuant to the
Placing and the Subscription.

With the exercise of the Broker Option and the admission of the Fundraising
Shares to trading on AIM, this results in total gross proceeds for the Company
from the Fundraising of £3,120,750.

Admission and Total Voting Rights

Subject to shareholder approval at the General Meeting, the Company will make
an application to the London Stock Exchange plc for an aggregate total of
156,037,500 Ordinary Shares in respect of the Fundraising to be admitted to
trading on AIM ("Admission"). It is expected that Admission of the Fundraising
Shares will become effective and dealings will commence at 08.00 a.m. on 10
October 2022. The Fundraising Shares will rank pari passu with the Existing
Ordinary Shares.

Following Admission of the Fundraising Shares the Company will have
213,722,518 Ordinary Shares in issue. This number may be used by shareholders
as the denominator for the calculation by which they will determine if they
are required to notify their interest in, or a change in their interest in,
the share capital of the Company.

Capitalised terms used in this announcement (this "Announcement") have the
meanings given to them in the Launch Announcement, unless the context provides
otherwise.

The person responsible for arranging the release of this Announcement on
behalf of the Company is Steve Bennetts, Interim Chief Executive Officer and
Chief Financial Officer, of the Company.

Enquiries

 Actual Experience plc                                     via MHP Communications

 Steve Bennetts, Interim CEO and Chief Financial Officer

 Singer Capital Markets Advisory LLP                       Tel: +44 (0)207 496 3000

 Shaun Dobson

 Will Goode

 James Fischer

 Turner Pope Investments (TPI) Ltd                         Tel: +44 (0)203 657 0050

 James Pope

 Andrew Thacker

 MHP Communications                                        Tel: +44 (0)203 128 8666

 act@mhpc.com (mailto:act@mhpc.com)

 Reg Hoare

 Matthew Taylor

 Will Mullan

 

 

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