REG - Elixirr Intnl PLC - Purchase of Shares by Employee Benefit Trust

Elixirr InternationalAnnouncement

06/10/2022 07:00

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RNS Number : 9391B  Elixirr International PLC  06 October 2022

ELIXIRR INTERNATIONAL PLC

("Elixirr", the "Company" or the "Group")

Purchase of Shares by Employee Benefit Trust

Elixirr International plc (AIM:ELIX), an established, global award-winning
challenger consultancy, announces that on 5 October 2022 the Elixirr
International plc Employee Benefit Trust (the "EBT") purchased in the market
(the "Purchase") 166,666 ordinary shares in the capital of the Company
("Ordinary Shares") at an average price of 600 pence per Ordinary Share.

The Purchase has been made at the instruction of Sanne Fiduciary Services
Limited as trustee of the EBT following a recommendation by the Board of the
Company. The decision to make the Purchase reflects the view that the current
market price per Ordinary Share does not reflect the underlying value of the
Elixirr Group in light of the Company's strong interim results as announced on
20 September 2022 and its continued prospects.

As set out in the Company's Admission Document, Ordinary Shares held by the
EBT are held for the benefit of employees of the Group including to satisfy
awards under the Company's employee incentive schemes. Shares held by the EBT
can also be sold to persons who become employees of the Elixirr Group in
connection with an acquisition. Accordingly, the Purchase will mitigate the
need for dilution in the equity of the Company as it executes on its growth
strategy.

For further information, please contact:

 Elixirr International plc

 Stephen Newton, CEO

 Graham Busby, CFO

                                           investor-relations@elixirr.com

 Public and Investor Relations contacts:

 Caroline Pitt

 finnCap Ltd (Nominated Adviser & Sole Broker)

 Christopher Raggett, Charlie Beeson (Corporate Finance)                  +44 (0)20 7220 0500

 Alice Lane, Sunila De Silva (ECM)

About Elixirr International plc

Elixirr is an established global award-winning management consultancy,
challenging the larger consultancies by delivering innovative and bespoke
solutions to a repeat, globally-recognised client base.

Elixirr was founded in 2009, by Stephen Newton, Graham Busby, Ian Ferguson,
Andy Curtis and Mark Goodyear, experienced business advisors who identified a
market opportunity to provide bespoke, personal services as a 'challenger' to
the traditional consultancy businesses in the market. Elixirr guides its
clients to overcome challenges such as: future-proofing against technological
disruption; development and roll-out of new propositions, products and
services; incubating new businesses; navigating a more complex and
multinational regulatory environment; and project management and
implementation of major change programmes.

 

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