REG-Marechale Capital Plc: Placing, Subscription and Issue of Equity

Marechale CapitalAnnouncement

26/01/2021 11:50

26 January 2021

Marechale Capital plc

(“Marechale” or the “Company”)

Placing, Subscription and Issue of Equity

Marechale Capital Plc (AIM: MAC) is pleased to announce that it has
conditionally raised the sum of £250,000 before expenses via a placing and
subscription of 20,000,000 new ordinary shares of 0.8p each in the Company
(“New Ordinary Shares”) at a price of 1.25p (“Placing Price”) per
share (“Fundraise”). 

Marechale is an established corporate finance firm providing strategic, M&A
and advisory services primarily to hospitality and renewable energy companies
in the UK and Europe.  Marechale also finances earlier stage and growth
capital companies from its family office, private investor and private equity
relationships. The purpose of this strategic fundraising is to put the Company
in a better position to take advantage of investment and co-investment
opportunities that are presented to Marechale in connection with its activity
for corporate clients.  The Company sees significant potential for growth
within the hospitality and leisure industries and the technology sector as the
economy recovers from the current pandemic and the Directors consider that a
stronger balance sheet will allow it greater scope to capitalise on and
participate in financing opportunities.

The Fundraise has been completed by a number of new and existing investors,
including the Company’s Chief Executive, Patrick Booth-Clibborn, who has
invested £20,000 to subscribe for 1,600,000 New Ordinary Shares at the
Placing Price. Following Admission, Patrick Booth-Clibborn will hold a total
of 9,844,740 ordinary shares representing 12.7 per cent. of the Company’s
enlarged issued Share Capital.  Chris Akers, who has also participated in the
Fundraise, will, on Admission, have an interest in 7,690,000 shares
representing 9.9 per cent. of the Company’s enlarged issued share capital.

The New Ordinary Shares will rank pari passu with the existing ordinary
shares. Application will be made for the new shares to be admitted to trading
on AIM with admission expected to take place on, or around, 9 February 2021
(“Admission”). Completion of the Fundraise is conditional on Admission.

Following Admission, the Company’s enlarged share capital will comprise
77,681,151 ordinary shares. No shares are held in Treasury. Therefore, the
total number of Ordinary Shares with voting rights will be 77,681,151. This
figure may be used by shareholders as the denominator for calculations by
which they will determine if they are required to notify their interest in, or
a change of their interest in, the Company under the Financial Conduct
Authority’s Disclosure Guidance and Transparency Rules.

The participation in the Fundraise by Patrick Booth-Clibborn is a related
party transaction pursuant to Rule 13 of the AIM Rules for Companies. With the
exception of Patrick Booth-Clibborn, the directors consider, having consulted
with the Company's Nominated Adviser Cairn Financial Advisers LLP, that the
terms of the transaction are fair and reasonable insofar as shareholders are
concerned.

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014.

For further information please contact:

 Marechale Capital plc Mark Warde-Norbury / Patrick Booth-Clibborn               Tel: +44 (0)20 7628 5582 
 Cairn Financial Advisers LLP (Nomad) Jo Turner / Sandy Jamieson / Mark Rogers   Tel: +44 (0)20 7213 0880 
 Novum Securities Limited (Broker) Colin Rowbury                                 Tel: +44 (0)20 7399 9427 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014                                                                                                                                                                                            
 1   Details of the person discharging managerial responsibilities/person closely associated                                                                                                                                                                                        
 a.  Name                                                                              Patrick Booth-Clibborn                                                                                                                                                                       
 2   Reason for notification                                                                                                                                                                                                                                                        
 a.  Position/Status                                                                   Chief Executive                                                                                                                                                                              
 b.  Initial notification/ Amendment                                                   Initial                                                                                                                                                                                      
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                                                                                  
 a.  Name                                                                              Marechale Capital Plc                                                                                                                                                                        
 b.  LEI                                                                               213800WAVVOPS85N2205                                                                                                                                                                         
 4   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                                                                              
 a.  Description of the financial instrument, type of instrument  Identification Code  Ordinary Shares    ISIN: GB0005401087                                                                                                                                                        
 b.  Nature of the transaction                                                         Subscription for ordinary shares                                                                                                                                                             
 c.  Price(s) and volume(s)                                                                                                                                                                                                                                                         
                                                                                                                  Volume(s)                  Price (p)                                                                                                                              
     1. 1,600,000                                                                                                 1.25p                                                                                                                                  
                                                                                                                                                                                                                                     
 d.  Aggregated information  - Aggregated Volume - Price                               -1,600,000 -1.25 pence per share                                                                                                                                                             
 e.  Date of the transaction                                                           26/1/2021                                                                                                                                                                                    
 f.  Place of the transaction                                                          London Stock Exchange, AIM                                                                                                                                                                   
                                                                                                                                                                                                                                                                                    



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