REG - Ten Lifestyle Group - Result of Retail Offer

Ten LifestyleAnnouncement

08/10/2024 07:00

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RNS Number : 2536H  Ten Lifestyle Group PLC  08 October 2024

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN 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, NEW ZEALAND,
CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
EU REGULATION 596/2014 (AS AMENDED) AS RETAINED AS PART OF UK LAW BY VIRTUE
OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED). UPON THE PUBLICATION
OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

8(th) October 2024

Ten Lifestyle Group plc

("Ten" or the "Group")

 

Result of Retail Offer

 

Ten Lifestyle Group plc (AIM: TENG), the global concierge platform driving
customer loyalty for global financial institutions and other premium brands,
announces that, pursuant to the Retail Offer it has conditionally raised gross
proceeds of c.£10,000. As a result, the Group has conditionally raised a
total of approximately £5.9 million before expenses pursuant to the Placing
and Retail Offer (together, the "Fundraising").

 

Consequently, 9,317,460 Placing Shares and 15,393 Retail Offer Shares,
resulting in a total of 9,332,853 new Ordinary Shares, will, subject to the
passing of the Resolutions at the General Meeting, be issued in relation to
the Fundraising.

 

The Placing and Retail Offer remain subject to, inter alia, the passing of
certain Resolutions at a General Meeting of the Group on 16(th) October 2024.

 

Application will be made for the Placing Shares and the Retail Offer Shares to
be admitted to trading on AIM and, subject to the passing of the Resolutions,
it is expected that Admission will become effective and that dealings in the
Placing Shares and Retail Offer Shares will commence at 8.00 a.m. on 17(th)
October 2024.

 

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 95,898,336.  There are no Ordinary Shares held in
treasury and therefore the total number of voting rights in the Company is
expected to be 95,898,336. The above figure may be used by Shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

 

Capitalised terms used in this announcement have the meanings given to them in
the Circular posted to Shareholders on 30(th) September 2024, unless context
provides otherwise.

 

 

- End -

 

For further information please visit www.tenlifestylegroup.com
(http://www.tenlifestylegroup.com/)  or call:

 

 Ten Lifestyle Group plc                                                     +44 (0)20 7850 2796

 Alex Cheatle, Chief Executive Officer

 Alan Donald, Chief Financial Officer

 Singer Capital Markets Advisory LLP, Nominated Advisor, Broker and Retail   +44 (0) 20 7496 3000
 Offer Coordinator

 Corporate Finance: James Moat / Oliver Platts

 Corporate Broking: Tom Salvesen / Charles Leigh-Pemberton

 

Notes to Editors:

About Ten Lifestyle Group Plc

 

Ten Lifestyle Group plc (http://www.tenlifestylegroup.com)  partners with
financial institutions and other premium brands to attract and retain wealthy
and mass affluent customers.

 

Millions of members have access to Ten's services across lifestyle, travel,
dining and entertainment on behalf of over fifty clients including HSBC,
Swisscard and Royal Bank of Canada. Ten's partnerships are based on multi-year
contracts generating revenue through platform-as-a-service and technology
fees.

Ten's operations are underpinned by an increasingly sophisticated
personalisation platform comprising industry-first, proprietary technology,
thousands of supplier relationships and 25 years of proprietary expertise
delivered from over 20 global offices. Ten was also the first B Corp-certified
company on the AIM market, demonstrating its commitment to sustainability,
social responsibility and ethical business practices.

 

Ten is on a mission to become the most trusted service platform in the world.

 

For further information please go to: www.tenlifestylegroup.com
(http://www.tenlifestylegroup.com/) .

 

Important Notices

 

The content of this announcement has been prepared by, and is the sole
responsibility of, the Company.

 

This announcement and the information contained herein is restricted and is
not for publication, release 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,
Australia, Canada, Japan, New Zealand, 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 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.

 

Singer Capital Markets Securities Limited ("Singer"), which is authorised and
regulated in the United Kingdom by the FCA is acting exclusively for the
Company and no-one else in connection with the transactions and arrangements
described in this announcement and will not regard any other person (whether
or not a recipient of this announcement) as a client in relation to the
transactions and arrangements described in this announcement. Singer is not
responsible to anyone other than the Company for providing the protections
afforded to clients of Singer or for providing advice in connection with the
contents of this announcement, or the transactions and arrangements described
in this announcement.

 

Singer Capital Markets Advisory LLP ("SCM Advisory"), which is authorised and
regulated in the United Kingdom by the FCA, is acting as Nominated Adviser to
the Company for the purposes of the AIM Rules and no-one else in connection
with the arrangements described in this announcement and will not be
responsible to any other person (whether or not a recipient of this
announcement) as a client in relation to the transactions and arrangements
described in this announcement. SCM Advisory is not responsible to anyone,
other than the Company, for providing the protections afforded to clients of
SCM Advisory or for providing advice in connection with the contents of this
announcement or the transactions and arrangements described herein. SCM
Advisory's responsibilities as the Company's Nominated Adviser under the AIM
Rules for Nominated Advisers published by the London Stock Exchange plc are
owed solely to the London Stock Exchange plc and are not owed to the Company
or to any director or to any other person.

 

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 AIM.

 

 

 

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