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

Marechale CapitalAnnouncement

02/03/2022 07:15

02 March 2022

Marechale Capital Plc

(“Marechale” or the “Company”)

Placing, Subscription and Issue of Equity

Marechale Capital Plc (AIM: MAC), an established City of London based
corporate finance house, with a long-term track record and a strong reputation
for advising and financing high growth consumer brands, leisure, clean energy,
mineral extraction and technology companies, is pleased to announce that the
Company has raised gross proceeds of £207,500.01 through the issue of
6,916,667 new ordinary shares (“New Ordinary Shares”) at a placing price
of 3p per New Ordinary Share (the “Placing Price”) (the “Fundraise). The
Placing Price represented a premium of 13.21 per cent. to the market value per
ordinary share as at close of business on 1 March 2022.

Marechale has had a number of successful realisations on investments and has a
number of high growth investments on its balance sheet which could also have
significant uplift across the mineral extraction, hospitality, renewables and
technology sectors. The net proceeds of the Fundraise are intended to put the
Company in a better position to take shares, founder shares or long-term
warrants in lieu of or in addition to cash fees in connection with its
activity for corporate clients. 

The investors in the Fundraise comprise a number of new investors and existing
shareholders, including the Company’s Chief Executive, Patrick
Booth-Clibborn, and Luke Johnson, past Chairman of Channel 4 Television and
Pizza Express with current directorships including Gail’s Artisan Bakery who
acquired a stake in the Company last September. Patrick Booth-Clibborn has
subscribed for 583,333 New Ordinary Shares in the Fundraise totalling
£17,499.99. Following Admission, Patrick Booth-Clibborn will hold a total of
9,660,198 ordinary shares representing 10.13 per cent. of the Company’s
enlarged issued share capital with Luke Johnson holding a total of 8,883,333
ordinary shares representing 9.26 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 Ordinary Shares to be admitted to
trading on AIM with admission expected to take place on, or around, 14 March
2022 (“Admission”). Completion of the Fundraise is conditional on
Admission.

Total Voting Rights

Following Admission, the Company’s enlarged share capital will comprise
95,377,914 ordinary shares of 0.8 pence each. All of the ordinary shares carry
voting rights and the Company holds no shares in treasury. 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.

Related Party Transaction

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.

Patrick Booth-Clibborn, CEO of Marechale Capital, said: “We are seeing
significant potential for growth within the hospitality and clean energy
industries as well as the technology sector as the economy recovers from the
current pandemic and this successful raise highlights the confidence our
shareholders have in the Company making the most of these opportunities. This
raise allows us to take advantage of our ability to invest in founder equity
in our pipeline of new corporate finance projects as well as existing clients
alongside warrants and advisory fees. We will continue to keep the market
updated on further investments which provide our shareholders exposure to
equity in companies and projects we advise on.”

- ENDS -

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    Tel: +44 (0)20 7213 0880                                 
 BlytheRay (Financial PR) Tim Blythe / Megan Ray / Alice McLaren    Tel: +44 (0)78 7574 4070 marechalecapital@blytheray.com  

About Marechale Capital

Marechale is an established City of London based corporate finance house, with
a long-term track record and a strong reputation in advising & financing high
growth consumer brands, leisure, clean energy, and technology companies. The
Company uses its balance sheet to co-invest in its client companies, along
with warrants and founder equity, in order to create shareholder value.



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