REG - Peel Hunt Limited - Fundraise by RetailBook

Peel HuntAnnouncement

16/04/2025 13:15

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RNS Number : 3251F  Peel Hunt Limited  16 April 2025

16 April 2025

Peel Hunt Limited

("Peel Hunt" or the "Company")

Fundraise by RetailBook and related party transactions

Peel Hunt is pleased to announce that on 28 March 2025, RetailBook, the
technology-led platform designed to provide access for issuers to retail
capital in the UK, completed a fundraising of £500,000 (the "Fundraise").

The proceeds from the Fundraise will be used to provide working capital, to
help fund the next stage of RetailBook's growth and to provide additional
regulatory capital.

The Fundraise was completed by way of an issue of new ordinary shares in the
capital of RetailBook Holdings Limited to investors including two RetailBook
directors, Aaqib Mirza and Nicholas Cullen, who subscribed for shares in the
amount of £175,000 and £50,000 respectively. Peel Hunt did not participate
in the Fundraise.

Whilst RetailBook operates fully independently of Peel Hunt, the Peel Hunt
group holds just over 50% of the capital of RetailBook and so the
participation of Aaqib Mirza and Nicholas Cullen in the Fundraise constitute
related party transactions for the purposes of Rule 13 of the AIM Rules for
Companies.

The Peel Hunt Directors consider, having consulted with Grant Thornton UK LLP,
the Company's nominated adviser, that at the time it was undertaken, the terms
of the participation of Aaqib Mirza and Nicholas Cullen in the Fundraise were
fair and reasonable insofar as the Company's shareholders are concerned.

For further information, please contact:

Peel Hunt: via Sodali & Co

Steven Fine, CEO

Sunil Dhall, CFOO

Sodali & Co (Financial PR): +44 (0)20 7100 6451

Justin Griffiths

Gilly Lock

Russ Lynch

peelhunt@sodali.com

Grant Thornton UK LLP (Nominated Adviser): +44 (0)20 7728 2942

Philip Secrett

Colin Aaronson

Elliot Peters

Keefe, Bruyette & Woods (Corporate Broker): +44 (0) 20 7710 7600

Alistair McKay

Alberto Moreno Blasco

Fred Walsh

 

Notes to editors

About Peel Hunt

Peel Hunt is a leading UK investment bank that specialises in supporting
mid-cap and growth companies. It provides integrated investment banking advice
and services to UK corporates, including equity capital markets, private
capital markets, M&A, debt advisory, investor relations and corporate
broking. The Company's joined up approach combines these services with expert
research and distribution and an execution services hub that provides
liquidity to the UK capital markets, delivering value to global institutions
and trading counterparties alike. The Company is admitted to trading on AIM
(LON: PEEL) and has offices in London, New York, and Copenhagen.

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