REG - Unbound Group PLC - Response to press speculation

UnboundAnnouncement

12/07/2023 12:15

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RNS Number : 8204F  Unbound Group PLC  12 July 2023

12 July 2023

 

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INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

Unbound Group plc

("Unbound", the "Company" or the "Group")

Response to press speculation

The Board notes recent press speculation regarding possible administration of
the Group as one of a number of options that the Company is considering.
Consistent with the strategic review initiated by the Board and previous
announcements, the Board and the Company's advisers continue to explore
options for the Group and its shareholders, which include a formal
restructuring plan and equity raise. In the event that such discussions prove
unsuccessful, it is likely that administration would occur, in which case the
Company's ordinary shares would be suspended from trading on AIM.

The Board will continue to provide further updates as appropriate.

 

Enquiries

 

 Unbound Group plc                                                           c/o Alma PR

 Ian Watson, CEO

 Gavin Manson, CFO
 Singer Capital Markets (Financial Adviser, Nominated Adviser & Broker)      +44 (0)20 7496 3000

 Peter Steel / Tom Salvesen / Alaina Wong / James Fischer
 Interpath Advisory Ltd (Joint Financial Adviser)                            +44 (0)20 3989 2800

 Will Wright / Andrew Stone / Jack Brazier
 Alma PR Limited (Financial PR)                                              +44 (0)20 3405 0205

 Josh Royston / Sam Modlin / Hannah Campbell                                 unbound@almapr.co.uk (mailto:unbound@almapr.co.uk)

 

Important Information

This announcement (including any information incorporated by reference in this
announcement) contains statements about the Group that are or may be deemed to
be forward looking statements. Without limitation, any statements preceded by
or followed by or that includes the words "targets", "plans", "believes",
"expects", "aims", "intends", "will", "may", "anticipates", "estimates",
"projects" or words or terms of similar substance of the negative thereof, may
be forward looking statements.

 

These forward looking statements are not guarantees of future performance.
Such forward looking statements involve known and unknown risks and
uncertainties that could significantly affect expected results and are based
on certain key assumptions. Many factors could cause actual results to differ
materially from those projected or implied in any forward looking statement.
Due to such uncertainties and risks, readers should not rely on such forward
looking statements, which speak only as of the date of this announcement,
except as required by applicable law.

 

The distribution of this announcement in jurisdictions outside the United
Kingdom may be restricted by law and therefore persons into whose possession
this announcement comes should inform themselves about, and observe, such
restrictions. Any failure to comply with the restrictions may constitute a
violation of the securities laws of such jurisdictions.

 

Market Abuse Regulation

The information contained within this announcement would have, prior to its
release, constituted inside information as stipulated under Article 7 of the
Market Abuse Regulation (EU) No.596/2014 as incorporated into UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 as amended by virtue of
the Market Abuse (Amendment) (EU Exit) Regulations 2019 ("UK MAR"). Upon the
publication of this announcement via a regulatory information service, this
inside information will be considered to be in the public domain. For the
purposes of UK MAR, the person responsible for arranging for the release of
this information on behalf of Unbound is Gavin Manson.

 

 

 

 

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