REG - Fletcher King PLC - Placing, Director Dealing and Appointments

Fletcher KingAnnouncement

04/03/2022 16:15

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RNS Number : 7447D  Fletcher King PLC  04 March 2022

Fletcher King plc

 

("Fletcher King" or "the Company")

 

Completion of Placing of New Ordinary Shares, Director Dealing and Director
Appointments

 

Further to the announcement of 4 October 2021 regarding the Conditional
Placing and Conditional Director Dealing and the announcement of 28 February
2022 regarding the receipt of FCA controller approval for Elliott Bernerd and
CM Strategic 613 Limited, the board of directors of the Company is pleased to
confirm that 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 has
completed.

 

The Company's three largest shareholders have also today completed the sale of
part of their existing shareholdings in Fletcher King at a sale price of 52.5
pence per share, to CM Strategic 613 Limited which allows Elliott Bernerd to
increase his indirect ownership in the Company to approximately 29.99 per
cent. of the enlarged share capital of Fletcher King.

 

In addition, as set out in the announcement of 4 October 2021, the Company has
appointed, at the request of Elliott Bernerd, David Gibbs and Matthew Wise as
non-executive directors.

 

Elliott Bernerd commented: "I have known and respected David Fletcher for a
long time and am now delighted to support David and his management team in
their future activities.  I am also very pleased that my two colleagues,
David Gibbs and Matthew Wise, are joining the Board of Fletcher King plc to
ensure a close working relationship."

 

 

Disclosures in accordance with the AIM Rules

 

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the
following information is disclosed in respect of David Arthur Edmund Gibbs
(aged 52) and Matthew Ian Wise (aged 59):

 

David Gibbs

 

 Current Appointments                   Former appointments in the last 5 years
 Chelsfield Capital LLP                 Helix Securities LLP
 Chelsfield Retech Investments Limited  Keakie Ltd
 Children With Cancer UK                Sunrise Brokers LLP
 Children With Cancer Research Limited  The Invicta Film Partnership No.10, LLP
 Helping Children With Cancer Limited   Envy Post Production Limited
 Echo Velvet Limited

 

David Gibbs does not hold any shares or options in the Company.

 

Matthew Wise

 

 Current Appointments                       Former appointments in the last 5 years
 Penniwells Riding Centre for The Disabled  None
 Samillie Residential Limited

 

Matthew Wise does not hold any shares or options in the Company.

 

There are no further disclosures required in accordance with AIM Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies.

 

Admission and Total Voting Rights

 

Application has been made to the London Stock Exchange to admit the Placing
Shares to trading on AIM. Admission of the new ordinary shares is expected to
occur on or around 7 March 2022 ("Admission"). The new ordinary shares will
rank pari passu with the existing ordinary shares.

 

For the purpose of the Disclosure Guidance and Transparency Rules, following
Admission the enlarged issued share capital of the Company will comprise
10,252,209 ordinary shares of 10 pence each. The Company does not hold any
shares in treasury. The above 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 Disclosure Guidance and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR. 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

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 Details of the person discharging managerial responsibilities/person closely
 associated
 Name                                                         David Fletcher
 Reason for notification
 Position/Status                                              Director
 Initial notification/ Amendment                              Initial notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                         Fletcher King plc
 LEI                                                          21380047ETCYL7UA8W49

 
 Details of the transaction(s): section to be repeated for (i) each type of
 instrument; (ii) each type of transaction; (iii) each date; and (iv) each
 place where transactions have been conducted
 Description of the financial instrument, type of instrument  Ordinary shares of 10p each

Identification Code
 

                                                               GB0003425310
 Nature of the transaction                                    Sale of ordinary shares
 Price(s) and volume(s)
                                                                          Price(s)    Volume(s)
                                                                          52.5p       672,180

 Aggregated information

  - Aggregated Volume                                         N/A

  - Price                                                     N/A
 Date of the transaction                                      4 March 2022
 Place of the transaction                                     Outside a trading venue

 

Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted

Description of the financial instrument, type of instrument

Identification Code

Ordinary shares of 10p each

 

 GB0003425310

Nature of the transaction

Sale of ordinary shares

Price(s) and volume(s)

Price(s)

Volume(s)

52.5p

672,180

 

Aggregated information

 - Aggregated Volume

 - Price

 

N/A

N/A

Date of the transaction

4 March 2022

Place of the transaction

Outside a trading venue

 

 

 

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