REG-Marechale Capital Plc: Subscription and Issue of Equity

Marechale CapitalAnnouncement

28/06/2023 07:15

28 June 2023

Marechale Capital plc

(“Marechale” or the “Company”)

Subscription and Issue of Equity

Marechale Capital Plc (AIM: MAC) is pleased to announce that it has
conditionally raised the sum of £235,800 via subscription of 10,480,000 new
ordinary shares of 0.8p each in the Company (“New Ordinary Shares”) at a
price of 2.25p per share (“Subscription”). 

Details of the Subscription

The Subscription has been made by Chris Kenning who, following admission of
the New Ordinary Shares to trading on AIM (“Admission”) will have an
interest in 10,480,000 ordinary shares representing 9.89 per cent. of the
Company’s enlarged issued share capital. As part of the terms of the
Subscription, Chris Kenning 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, 30 June 2023. Completion of the Subscription is conditional on
Admission.

These shares are being issued at a significant premium to current market
price.  As stated in Marechale Capital’s investment update of 11(th) May
2023, the Company’s last reported balance sheet showed net assets of
approximately £3.48 million, representing approximately 3.6 pence of value
per share in issue.

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
105,941,247 ordinary shares. No shares are held in Treasury. Therefore, the
total number of ordinary shares with voting rights will be 105,941,247. 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: “We are
delighted Chris is investing at a premium to our share price, having reviewed
the value of our investment portfolio as well as joining our board.
 Following his success at Stubben Edge he brings a number of new and
innovative ideas from digitalisation of Marechale’s activities, to ramping
up revenues through strategic partnerships which could significantly enhance
future shareholder value.”

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 

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.

Cautionary statement

Certain statements made in this announcement are forward-looking statements.
Such statements are based on current expectations and assumptions and are
subject to a number of risks and uncertainties that could cause actual events
or results to differ materially from any expected future events or results
expressed or implied in these forward-looking statements. Persons receiving
this announcement should not place undue reliance on forward-looking
statements. Unless otherwise required by applicable law, regulation or
accounting standard, the Company does not undertake to update or revise any
forward-looking statements, whether as a result of new information, future
developments or otherwise.



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