REG - Orchard Funding Grp - Offer to Close Noon 23rd February

Orchard FundingAnnouncement

22/02/2022 10:45

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RNS Number : 4329C  Orchard Funding Group PLC  22 February 2022

This is an advertisement and not a prospectus.

The information contained herein may only be released, published or
distributed in the United Kingdom, the Isle of Man, Jersey and the Bailiwick
of Guernsey in accordance with applicable regulatory requirements. The
information contained herein is not for release, publication or distribution
in or into the United States, Australia, Canada, Japan, South Africa, the
Republic of Ireland or in any other jurisdiction where it is unlawful to
distribute this document.

MiFID II and UK MiFIR retail investors, professional investors and ECPs target
market - Manufacturer target market (MIFID II and UK MiFIR product
governance) is eligible counterparties and professional clients (all
distribution channels) and also retail clients (all distribution channels).

22 February 2022

ORCHARD FUNDING GROUP PLC

OFFER TO CLOSE NOON WEDNESDAY 23(RD) FEBRUARY

ORCHARD BOND FINANCE PLC 6.25% BONDS DUE 2027

AIM-listed Orchard Funding Group PLC (the "Company") (AIM: ORCH) today
confirms that the offer of the 6.25% Bonds due 2027 (the "Bonds") by Orchard
Bond Finance PLC (the "Issuer"), a wholly-owned subsidiary of the Company,
will close as planned at noon on 23 February 2022 (the "End of Offer Date").

The Bonds

The Bonds are available to wholesale and retail investors and will pay fixed
rate of interest at 6.25% per annum to maturity, payable twice yearly on 2
December and 2 June, with the first coupon payment being made on 2 December
2022. The Bonds will mature on 2 June 2027. The Bonds will be freely
transferrable and are expected to be listed on the FCA's Official List and
admitted to trading on the London Stock Exchange's regulated market and
through the electronic Order Book for Fixed Income Securities.

A number of authorised offerors (listed below) have been given consent by the
Issuer to provide the Prospectus and Information Booklet to potential
investors in the Bonds until the End of Offer Date. The Bonds have a minimum
initial subscription amount of £2,000 and are available in multiples of £100
thereafter.

Authorised Offerors:

·      AJ Bell Youinvest

·      Arnold Stansby & Co.

·      Cannacord Genuity (Billing & Delivery)

·      Equiniti

·      Guy Butler

·      Hedley & Co.

·      Interactive Investor

·      iDealing.com

·      PrimaryBid

Convexity Capital is acting as Lead Manager (the "Lead Manager") on the
issue.  All institutional investor enquiries should be addressed to Convexity
Capital on 0207 058 0090.  All retail enquiries should be directed to an
Authorised Offeror.

For further information about the Issuer and the Orchard Group, please go
to www.orchardfundinggroupplc.com

__________

-ENDS-

In the first instance, please direct press and institutional investor
enquiries at:

Michael Smith, CFA (Convexity Capital)

ms@convexity-capital.com (mailto:ms@convexity-capital.com)

0207 058 0090 / 07557 265266

Ravi Takhar, CEO of Orchard Funding Group PLC

01582 346291

Liberum Capital (Nominated Adviser and Broker)

Neil Patel / Lauren Kettle

020 3100 2222

About Convexity Capital

Michael Smith leads Convexity's retail, listed and tradable debt capital
markets business.  Michael has led numerous retail bonds for established FTSE
listed companies and private debut issuers since the London Stock Exchange
established the retail bond market in 2011.

Convexity Capital is a specialist capital markets business with a focus on
growth companies and debut issuers that want to raise capital in the UK's debt
capital markets.

Convexity Capital is a trading name of Strata Global Limited which is
authorised and regulated by the Financial Conduct Authority (FRN: 563834)
and is incorporated in England and Wales with Companies House number:
07707508.

Important Information

The Bonds may not be suitable for all investors. Investors should ensure they
fully understand the risks and seek independent financial advice.

Investors should note that the market price of the Bonds can rise and fall
during the life of the investment and the price of the Bonds could fall below
the issue price of £100.

In the event that the Issuer or the parent of the Issuer becomes insolvent or
goes out of business, investors may lose some or all of their investment.

A prospectus dated 9 February 2022 (the "Prospectus") relating to the Bonds
has been prepared and made available to the public in accordance with the UK
Prospectus Regulation.

The Prospectus is available on the website of Orchard Funding Group PLC
(please see www.orchardfundinggroupplc.com/bonds).

The Prospectus has been approved by the Financial Conduct Authority (the
"FCA"). The FCA only approves the Prospectus as meeting the standards of
completeness, comprehensibility and consistency imposed by the Prospectus
Regulation. Such approval should not be considered as an endorsement of
Orchard Bond Finance PLC or the quality of the Bonds that are the subject of
the Prospectus.

Potential investors should read the Prospectus before making an investment
decision in order to fully understand the potential risks and rewards
associated with the decision to invest in the Bonds that are the subject of
the Prospectus. Investors should not subscribe for any bonds referred to in
this announcement except on the basis of information in the Prospectus.

This announcement is issued and approved by Orchard Bond Finance plc (formerly
CRM Associated Limited) which is authorised and regulated by the FCA with firm
reference number 733619.

The offering and the distribution of this announcement and other information
in connection with the offer in certain jurisdictions may be restricted by law
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.

This announcement does not constitute or form part of any offer or invitation
to sell, or any solicitation of any offer to purchase any Bonds. Any purchase
of Bonds pursuant to the offer should only be made on the basis of the
information contained in the Prospectus.

The Bonds have not been and will not be registered under the United States
Securities Act of 1933 (as amended, the "Securities Act") and, subject to
certain exceptions, may not be offered or sold within the United States or to
United States persons. The Bonds are being offered and sold outside of the
United States in reliance on Regulation S of the Securities Act.

 

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