REG-Marechale Capital Plc: Subscription and Issue of Equity

Marechale CapitalAnnouncement

05/10/2021 07:05

5 October 2021

Marechale Capital plc

(“Marechale” or the “Company”)

Subscription and Issue of Equity

Marechale Capital Plc (LON: MAC) is pleased to announce that it has
conditionally raised the sum of £160,000 via subscription of 8,000,000 new
ordinary shares of 0.8p each in the Company (“New Ordinary Shares”) at a
price of 2.0p per share (“Subscription”). 

Details of the Subscription

The Subscription has been made by Luke Johnson who, following admission of the
New Ordinary Shares to trading on AIM (“Admission”) will have an interest
in 8,000,000 ordinary shares representing 9.04 per cent. of the Company’s
enlarged issued share capital. As part of the terms of the Subscription, Luke
Johnson will have the right to join the board of the Company, subject to
regulatory due process, and has entered into a 12 month orderly market
agreement in respect of the disposal of any shares.

The New Ordinary Shares will rank pari passu with the existing ordinary
shares. Admission of the New Ordinary Shares is expected to take place on, or
around, 8 October 2021. Completion of the Subscription is conditional on
Admission.

The proceeds of the Subscription will provide the Company with additional
working capital and funding for investment and co-investment opportunities
that are presented to Marechale in connection with its activity for corporate
clients

Total Voting Rights

Following Admission, the Company’s enlarged share capital will comprise
88,461,247 ordinary shares. No shares are held in Treasury. Therefore, the
total number of ordinary shares with voting rights will be 88,461,247. 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.

Patrick Booth-Clibborn, CEO of Marechale Capital, commented: “Luke Johnson
is a successful entrepreneur and investor.  Luke is a past Chairman of
Channel 4 Television and PizzaExpress and his current directorships include
Gail’s Artisan Bakery, which was recently valued at over £200 million. 
The directors of Marechale Capital are delighted he has become a major long
term shareholder and we look forward to working with him particularly where he
can help with deal flow and investments for our current and future pipeline of
growth capital clients.”

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  Jo Turner / Sandy Jamieson            Tel: +44 (0)20 7213 0880 

About Marechale

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. 



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