REG - Roebuck Food Group - Placing and Related Subscription Update

Roebuck FoodAnnouncement

06/11/2023 17:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231106:nRSF5432Sa&default-theme=true

RNS Number : 5432S  Roebuck Food Group PLC  06 November 2023

6 November 2023

ROEBUCK FOOD GROUP PLC

Placing and related Subscription

Director Participation

 

Roebuck Food Group plc (AIM: RFG) a group focused on growth and innovation
within the food and agribusiness sectors (the "Company" or, "Roebuck") refers
to its announcements on 3 November 2023 of the conditional agreement to
acquire Moorhead & McGavin Limited ("the Acquisition") and a placing and
related subscription to raise £2,500,000 by the issue of new ordinary shares
of the Company ("the Fundraising"), in which it was noted that certain
directors of the Company had agreed to subscribe for new ordinary shares of
the Company, and to the circular to shareholders with notice of extraordinary
general meeting of the Company being posted today to shareholders in relation
to the .Acquisition and the Fundraising.

The participation in the Fundraising by Chairman and Director Ted O'Neill
whereby he has agreed to subscribe for 1,777,777 ordinary shares in the
Company at the Placing Price of 13.5 pence (£240,000) will constitute a
related party transaction for the purposes of the AIM Rules.

The directors of the Company (Mr O'Neill excepted) consider, having consulted
with the Company's nominated adviser Davy, that the terms of this
subscription, being on identical terms to that for all other placees, is fair
and reasonable insofar as its shareholders are concerned.

The directors of the Company accept responsibility for this announcement.

Enquiries:

Roebuck Food Group plc

Aidan Hughes, Deputy Chairman                   Telephone: +
44 1293 862 498

J & E Davy (Nomad)

Anthony
Farrell
Telephone: + 353 1 679 6363

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCKZMGMVVKGFZM