Admission to Trading on AIM
01/02/2022 06:59
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RNS Number : 2204A Unbound Group PLC 01 February 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
Unbound Group plc
("Unbound Group", or the "Company")
Admission to Trading on AIM
and
Confirmation of Directorate Changes
1 February 2022
Admission to Trading on AIM
The Board of Unbound Group, the online multi-brand retail platform supporting
the lifestyles of the 55+ demographic, is pleased to confirm that the shares
of the Company will be admitted to trading on the Alternative Investment
Market of the London Stock Exchange ("Admission") with effect from 8am today,
under the ticker "UBG".
Confirmation of Directorate Changes
With effect from Admission, the directorate changes announced on 24 January
will take effect. These are:
· Ian Watson and Daniel Lampard will be appointed Directors of the
Company as Chief Executive Officer and Chief Financial Officer (respectively)
· Neil Johnson will continue as Non-Executive Chairman, having
previously been Executive Chairman
· Gavin Manson will step down from his role as Chief Financial and
Operating Officer and will continue on the Board as a Non-Executive Director
The information required by Schedule 2, paragraph (g) of the AIM Rules for
Companies in relation to all of the directors (including the new directors,
Ian Watson and Daniel Lampard) can be found in the admission document
published by the Company on 27 January 2022.
Ian Watson, Chief Executive Officer, commented:
"We are delighted to begin trading on AIM and I would like to thank the
members of our team who have played a part in reaching today's milestone. I
look forward to building on our work to date and to creating long-term value
for our stakeholders as a listed company.
Our focus now, as well as continuing the development of Hotter Shoes, is on
developing our Unbound Group partnership strategy, selling selected products
in addition to Hotter Shoes footwear on the Unbound Group website, which is
progressing well. Confirmation of partners in the initially targeted
specialist footwear and apparel segments will be made in due course, with
first revenues expected in the second quarter of 2022."
ENDS
ENQUIRIES
Unbound Group plc
Dan Lampard
020 3874 8300
Stifel (Nomad and corporate broker)
Ash Burman, Nick Adams, Stewart Wallace, Francis North
020 7710 7600
Vico Partners
Sofia Newitt
020 3957 5045
NOTES TO EDITORS
Unbound Group plc
Unbound Group plc is the parent company for a group selling a range of brands
focused on the 55+ demographic. Unbound will build on the solid foundation of
Hotter Shoes, its current main business, to grow value through its curated
multi-brand retail platform supporting the active lifestyles of the 55+
demographic with a range of products and services. Unbound's expanded
offering beyond footwear is expected to feature a broad range of active
lifestyle products and services, with third-party complementary brands
featuring alongside new Unbound brands, as well as Hotter.
Hotter Shoes
Hotter Shoes, an Unbound Group plc company, has been transformed from a retail
to a multi-channel business with a strong and growing digital focus over the
last 2 years, and is now a fast-growing, profitable and cash-generative
e-commerce focused footwear brand. Hotter provides footwear with
uncompromising focus on comfort and fit through the use of differentiating
technology, to a targeted demographic that values its brand and products.
Hotter's direct-to-consumer channels now reach 29% of the female population in
the UK over the age of 55, providing them with footwear that allows them to do
more of what they love. Cultural and demographic shifts now provide an
opportunity to further monetise the existing Hotter customer database and grow
it through the addition of similarly themed products beyond footwear.
FURTHER INFORMATION
This communication is being made for information purposes only in connection
with the Delisting and Admission and related matters, and does not purport to
be full or complete.
The distribution of this announcement in jurisdictions other than the United
Kingdom may be restricted by law and persons into whose possession this
document comes should inform themselves about and observe any relevant
restrictions. In particular, this document may not be published or
distributed, directly or indirectly, in or into the United States of America,
Canada, Australia, Japan or South Africa.
The contents of this announcement have been prepared by and are the sole
responsibility of Unbound.
This announcement does not constitute an offer or invitation to sell or issue,
or a solicitation of an offer or invitation to purchase or subscribe for any
securities in any jurisdiction nor shall it (or any part of it) or the fact of
its distribution, form the basis of, or be relied on in connection with any
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entering into any transaction and should not be construed as, nor be relied on
in connection with, any offer, invitation or inducement to purchase or
subscribe for, or otherwise acquire, hold or dispose of any securities of
Unbound and shall not be regarded as a recommendation in relation to any such
transaction whatsoever.
Stifel Nicolaus Europe Limited ("Stifel"), which is authorised and regulated
in the UK by the FCA, is acting as sponsor and nominated adviser to Unbound
exclusively in connection with the Delisting and Admission and for no one else
in connection with the Delisting and Admission or any other matters described
in this announcement and will not regard any other person as a client in
connection with the Delisting and Admission or any other matters described
in this announcement or be responsible to anyone other than Unbound for
providing the protections afforded to clients of Stifel nor for providing
advice in connection with the Delisting and Admission or any other matters
referred to in this announcement. Apart from the responsibilities and
liabilities, if any, which may be imposed on Stifel by the Financial Services
and Markets Act 2000 or the regulatory regime established thereunder, neither
Stifel nor any of its affiliates, directors, officers or employees owes or
accepts any duty, liability or responsibility whatsoever (whether direct or
indirect, consequential, whether in contract, in tort, in delict, under
statute or otherwise) to any person who is not a client of Stifel for the
contents of this announcement or its accuracy, completeness or verification or
for any other statement made or purported to be made by it, or on its behalf,
or by any other person(s) in connection with the Delisting and Admission, this
announcement, any statement contained herein, or otherwise.
Certain statements made in this announcement are forward-looking statements
and by their nature, all such forward-looking statements involve risk and
uncertainty. Forward-looking statements include all matters that are not
historical facts and often use words such as "expects", "may", "will",
"could", "should", "intends", "plans", "predicts", "envisages" or
"anticipates" or other words of similar meaning. These forward-looking
statements are based on current beliefs and expectations based on information
that is known to Unbound at the date of this announcement. Actual results of
the Unbound Group (being Unbound and its subsidiary undertakings from time to
time), and/or their respective industries may differ from those expressed or
implied in the forward-looking statements as a result of any number of known
and unknown risks, uncertainties and other factors, including, but not limited
to, the effects of the COVID-19 pandemic and uncertainties about its impact
and duration, many of which are difficult to predict and are generally beyond
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undue reliance on any forward-looking statements. Unless otherwise required by
applicable law or regulation Unbound and its advisers (including Stifel)
disclaims any obligation or undertaking to update or revise any
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