Result of General Meeting and Open Offer
10/08/2022 10:25
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RNS Number : 5626V Unbound Group PLC 10 August 2022
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THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK
LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI
2019/310) ("UK MAR").
10 August 2022
Unbound Group plc
Results of General Meeting and Open Offer,
Issue of Equity
and
Total Voting Rights
Unbound Group plc (AIM: UBG) ("Unbound Group", the "Company" or, together with
its subsidiary undertakings, the "Group") is pleased to announce all
resolutions put to shareholders at the General Meeting held earlier today in
connection with the Fundraising and Share Capital Reorganisation were duly
passed.
The Company has raised approximately £3.4 million (before expenses) through
the Fundraising. This includes approximately £134,000 raised through the Open
Offer (before expenses) following the receipt of valid applications for
893,237 Open Offer Shares from Qualifying Shareholders, including applications
under the Excess Application Facility. This represents 13.4 per cent. of the
available Open Offer Shares. Accordingly, Qualifying Shareholders who have
validly applied for Open Offer Shares will, subject to the conditions below,
receive their full Open Offer Entitlement.
The Company has therefore issued and allotted 20,783,334 Placing Shares,
1,221,281 Subscription Shares and 893,237 Open Offer Shares. Application has
been made to the London Stock Exchange for 22,897,852 New Ordinary Shares to
be admitted to trading on AIM. Admission is expected at 8.00 a.m. on 11 August
2022.
The New Ordinary Shares will rank pari passu with the Existing Ordinary
Shares.
The Fundraising remains conditional, inter alia, upon Admission.
Ian Watson, Chief Executive Officer, said:
"I would like to thank shareholders for their support of the Fundraising and
take the opportunity to welcome new investors onto the register. Now, with the
Fundraising approved, we will focus on accelerating our growth strategy in a
controlled fashion. The proceeds will fund investment in the four key areas of
growing our partner brand strategy, expanding our garden centre concession
portfolio, investing in technology and investing in additional fast moving
inventory. We look forward to moving forward with these plans and updating
shareholders on our progress."
The results of the proxy voting on the Resolutions received in advance of the
General Meeting are as below:
No. Resolution For % For Against % Against Withheld
1 Allot New Ordinary Shares 19,380,628 82.1% 4,218,554 17.9% 13,764
2 Pre-emption rights 19,368,467 82.1% 4,229,177 17.9% 15,114
3 New articles of association 19,383,427 82.1% 4,215,567 17.9% 13,764
4 Sub-division of shares 19,378,362 82.1% 4,218,360 17.9% 16,036
Pursuant to Resolution 4, each existing ordinary share of 25 pence each in the
capital of the Company will be sub-divided and reclassified into:
a) one new ordinary share of 1 penny each in the capital of the Company,
such shares having the same rights, being subject to the same restrictions,
and ranking on the same basis (save as to nominal value) as the Existing
Ordinary Shares as set out in the New Articles; and
b) one deferred share of 24 pence each in the capital of the Company, and
the deferred shares will have the rights and be subject to the restrictions
set out in the New Articles.
Total Voting Rights
Following Admission, the Company will have 65,155,980 Ordinary Shares in
issue. No shares are held in treasury, therefore, the total number of voting
rights in the Company following Admission will be 65,155,980.
Shareholders may use this figure 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 issued share capital of the Company, under
the FCA's Disclosure Guidance and Transparency Rules.
Unless otherwise defined, capitalised terms used in this announcement shall
have the same meanings as defined in the Circular, published by the Company on
22 July 2022.
Enquiries:
Unbound Group plc
Ian Watson, Chief Executive Officer
Dan Lampard, Chief Financial Officer
020 3874 8300
Singer Capital Markets (Nominated Adviser, Sole Broker and Sole Bookrunner)
Peter Steel / Tom Salvesen / Alaina Wong / Kailey Aliyar
020 7496 3000
Vico Partners (Financial PR Adviser)
Sofia Newitt
020 3957 5045
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