REG-Castelnau Group Ltd: Further issue of equity in relation to Farewill

CastelnauAnnouncement

03/02/2025 07:15

Date: 03 February 2025

Castelnau Group Limited

(“Castelnau” or the “Company”)

Further issue of equity in relation to Farewill

On the 17 October 2024, the Company announced that its portfolio company
Dignity, a leading end-of-life service provider in the UK, was acquiring
Farewill Limited, an award-winning leader in digital end-of-life services.

As noted in the prior announcement, the acquisition will be financed through a
share-for-share exchange, with the majority of Farewill shareholders becoming
Castelnau shareholders. In exchange, Castelnau will acquire an additional 5.6
million shares in Valderrama Limited, the joint venture with Sir Peter Wood's
SPWOne Limited that holds Castelnau's stake in Dignity. This transaction will
increase Castelnau's ownership from 65% to 66% of Valderrama's issued share
capital.

Castelnau today announces that, following FCA and SRA approval of the
acquisition, the acquisition has completed, and 9,622,167 ordinary shares (the
“Ordinary Shares”) have been issued, conditional upon admission
(“Admission”), to the relevant Farewill shareholders. Application has been
made for the Admission of such new Ordinary Shares in the capital of the
Company to trading on the Specialist Fund Segment of the Main Market of the
London Stock Exchange, with Admission expected to take effect from 8.00 a.m.
on 5th February 2025.

Following Admission, the Company’s issued share capital will consist of
332,451,589 Ordinary Shares, with no shares held in treasury. Therefore, the
total number of shares with voting rights in the Company will be 332,451,589.
This figure may be used by shareholders 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 Company under the FCA's
Disclosure Guidance and Transparency Rules.

Enquiries:

Castelnau Group
Richard Brown - CEO
info@castelnaugroup.com

 

Phoenix Asset Management Limited
+44 (0) 208 600 0100
Gary Channon
Steve Tatters
Gina Bocek

 

Panmure Liberum Limited
+44 (0) 20 3100 2000
Darren Vickers
Will King

 

Citigate Dewe Rogerson
+44 (0) 20 7638 9571
Caroline Merrell

Alex Winch
 

 



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