REG - Mulberry Group PLC - Result of Retail Offer

MulberryAnnouncement

18/07/2025 16:45

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RNS Number : 7362R  Mulberry Group PLC  18 July 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF DOMESTIC UK LAW
PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (THIS "ANNOUNCEMENT")
IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR
IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

 

18 July 2025

 

Mulberry Group plc

Result of Retail Offer

 

On 10 July 2025 Mulberry Group plc (AIM: MUL) ("Mulberry" or the "Company"
or together with its subsidiary undertakings, the "Group"), the British
sustainable lifestyle brand, announced a conditional offer of up to 1,256,610
new ordinary shares of 5 pence each ("Ordinary Shares") via RetailBook (the
"Retail Offer") to all holders of existing Ordinary Shares, save for those
which had participated in a £20 million subscription of convertible loan
notes also announced on that date.

Capitalised terms used in this Announcement shall, unless defined in this
Announcement or the context provides otherwise, bear the same meaning ascribed
to such terms in the 10 July 2025 announcement.

The Retail Offer

The Company announces that the Retail Offer closed at 12.00 p.m. on 18 July
2025 and that 107,720 new Ordinary Shares (the "Retail Offer Shares") had been
applied for at the Issue Price of £0.975 per Retail Offer Share pursuant to
the Retail Offer, raising approximately £105,000 (before expenses) for the
Company.

As set out in the circular published on 14 July 2025, the issue of the Retail
Offer Shares is conditional on the approval by the shareholders of the Company
("Shareholders") of certain resolutions to be proposed at the general meeting
of the Company (the "General Meeting") to be held at the Company's offices at
30 Kensington Church Street, London W8 4HA at 11:30 a.m. on 30 July 2025 and
on the Retail Offer Shares being admitted to trading on AIM ("Admission").

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the 107,720 Retail
Offer Shares to be admitted to trading on AIM. Admission is expected to take
place and dealings in the Retail Offer Shares are expected to commence at 8.00
a.m. on 31 July 2025, at which time it is also expected that the Retail Offer
Shares will be enabled for settlement in CREST.

Immediately following Admission, the issued share capital of the Company is
expected to comprise 70,577,191 Ordinary Shares. Each Ordinary Share has one
voting right and no Ordinary Shares are held in treasury. From Admission, this
figure may be used by Shareholders as the denominator for the calculation 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 FCA's Disclosure Guidance
and Transparency Rules.

 

Enquiries:

 Mulberry Group plc                              +44 (0) 20 7605 6793

 Billie O'Connor (CFO)
 RetailBook Limited                              c (mailto:capitalmarkets@retailbook.com) apitalmarkets

                                               (mailto:capitalmarkets@retailbook.com) @retailbook.com
 Michael Ward / James Deal                       (mailto:capitalmarkets@retailbook.com)

 Houlihan Lokey UK Limited, Nominated Adviser    +44 (0) 20 7839 3355

 Tim Richardson

 Headland, Public Relations Advisers             +44 (0) 20 3805 4822

 Lucy Legh / Joanna Clark

 

The person responsible for arranging the release of this Announcement on
behalf of the Company is Billie O'Connor, a director of the Company.

Notes:

References to times in this Announcement are to London time unless otherwise
stated.

IMPORTANT INFORMATION

This Announcement has been prepared by, and is the sole responsibility of, the
Company.

It is a term of the Retail Offer that the total value of the Retail Offer
Shares available for subscription at the Issue Price under (i) the Retail
Offer; and (ii) any other offer to the public in the United Kingdom falling
within section 86(4) of the Financial Services and Markets Act 2000 ("FSMA"),
does not (in aggregate) exceed the equivalent of €8 million. The Retail
Offer is offered in the United Kingdom under the exemption from the
requirement to publish a prospectus in section 86(1)(e) and 86(4) of FSMA. As
such, there is no need for publication of a prospectus pursuant to the
Prospectus Regulation Rules of the Financial Conduct Authority (the "FCA"), or
for approval of the same by the FCA. The Retail Offer is not being made into
any jurisdiction other than the United Kingdom.

No offering document, prospectus or admission document has been or will be
prepared or submitted to be approved by the FCA (or any other authority) in
relation to the Retail Offer, and investors' commitments will be made solely
on the basis of the information contained in this Announcement and information
that has been published by or on behalf of the Company prior to the date of
this Announcement by notification to a Regulatory Information Service in
accordance with the FCA's Disclosure Guidance and Transparency Rules and UK
MAR.

This Announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from the United States (including its territories and possessions,
any state of the United States and the District of Columbia (the "United
States" or "US")), Australia, Canada, New Zealand, Japan, the Republic of
South Africa or any other jurisdiction where to do so might constitute a
violation of the relevant laws or regulations of such jurisdiction.

The Retail Offer Shares have not been and will not be registered under the US
Securities Act of 1933, as amended (the "US Securities Act") or under the
applicable state securities laws of the United States and may not be offered
or sold directly or indirectly in or into the United States. No public
offering of the Retail Offer Shares is being made in the United States. The
Retail Offer Shares are being offered and sold outside the United States in
"offshore transactions", as defined in, and in compliance with, Regulation S
under the US Securities Act. In addition, the Company has not been, and will
not be, registered under the US Investment Company Act of 1940, as amended.

This Announcement does not constitute an offer to sell or issue or a
solicitation of an offer to buy or subscribe for Retail Offer Shares in the
United States, Australia, Canada, New Zealand, Japan, the Republic of South
Africa or any other jurisdiction in which such offer or solicitation is or may
be unlawful. No public offer of the securities referred to herein is being
made in any such jurisdiction.

The distribution of this Announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

 RetailBook is a proprietary technology platform owned and operated by Retail
Book Limited (registered address at 10 Queen Street Place, London EC4R 1AG).
Retail Book Limited ("RetailBook") is authorised and regulated in the United
Kingdom by the FCA (FRN 994238).

The value of the Ordinary Shares and the income from them is not guaranteed
and can fall as well as rise due to stock market movements. When you sell your
investment, you may get back less than you originally invested. Figures refer
to past performance and past performance is not a reliable indicator of future
results. Returns may increase or decrease as a result of currency
fluctuations.

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into or forms part of this Announcement.
The Retail Offer Shares to be issued or sold pursuant to the Retail Offer will
not be admitted to trading on any stock exchange other than the London Stock
Exchange.

 

 

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