REG - Brown (N.) Group PLC - Issue of equity and total voting rights

N BrownAnnouncement

02/08/2023 07:00

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RNS Number : 9779H  Brown (N.) Group PLC  02 August 2023

2 August 2023

 

N Brown Group PLC

 

Issue of equity and total voting rights

 

N Brown Group Plc ("N Brown" or the "Company"), a top 10 UK clothing &
footwear digital retailer, announces that it will issue a total of 2,841,787
ordinary shares of 11 1/19 pence each in the Company ("Ordinary Shares") to
the Company's Employee Benefit Trust to satisfy the exercise of share awards
previously granted to employees under the Company's 2014 Long Term Incentive
Plan which vest on 7 August 2023.

An application for the admission of the 2,841,787 Ordinary Shares ("New
Ordinary Shares") to trading on AIM has been made and dealings in the New
Ordinary Shares are expected to commence at 8.00 a.m. on 3 August 2023
("Admission"). The New Ordinary Shares will rank pari-passu with the Company's
existing issued ordinary shares.

Following Admission, the Company's share capital and total voting rights
comprises 463,325,018 Ordinary Shares and the Company does not hold any shares
in treasury. Consequently, 463,325,018 is the figure which 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, N Brown under the FCA's Disclosure Guidance and
Transparency Rules.

 

For further information:

 N Brown Group
 David Fletcher, Head of Investor Relations       +44 (0)7876 111242

 MHP
 James McFarlane/ Eleni Menikou / Charles Hirst   +44 (0) 20 3128 8789

                                                  NBrown@mhpc.com
 Shore Capital - Nomad and Broker
 Stephane Auton / Daniel Bush / Rachel Goldstein  +44 (0) 20 7408 4090

 

 About N Brown Group:

N Brown is a top 10 UK clothing & footwear digital retailer headquartered
in Manchester and employing over 1,700 people nationwide.  Through our
strategic retail brands including JD Williams, Simply Be and Jacamo, we take
pride in championing inclusivity. Our customer-first shopping experience,
supported by our innovative financial services proposition, is designed to
deliver choice, affordability, and value to our customers.

 

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