REG - Fletcher King PLC - Conditional Placing and Director Dealing

Fletcher KingAnnouncement

28/02/2022 10:30

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RNS Number : 0264D  Fletcher King PLC  28 February 2022

 

Fletcher King plc

 

("Fletcher King" or "the Company")

 

Update on Conditional Placing of New Ordinary Shares and Conditional Director
Dealing

 

Further to the announcements of 4 October 2021 regarding the Conditional
Placing and Conditional Director Dealing, Fletcher King announces that FCA
controller approval has now been received for Elliott Bernerd and CM Strategic
613 Limited.

 

As a result, the placing of a total of 1,042,430 new ordinary shares of 10
pence each (the "Placing Shares") at a price of 52.5 pence per share to raise
£547,276 before expenses (the "Placing") to CM Strategic 613 Limited and the
sale by the Company's three largest shareholders of part of their existing
shareholdings in Fletcher King at a sale price of 52.5 pence per share, to CM
Strategic 613 Limited (the "Share Sale") are anticipated to complete by
Thursday.

 

A further announcement will be made shortly.

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

 

Enquiries

 

Fletcher King plc

David Fletcher / Peter Bailey

Tel: 0207 493 8400

 

Cairn Financial Advisers LLP

James Caithie / Liam Murray

Tel: 020 7213 0880

 

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties regarding the Company's ability to execute and implement future
plans, and the occurrence of unexpected events.  Actual results achieved may
vary from the information provided herein as a result of numerous known and
unknown risks and uncertainties and other factors.

 

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