Schedule One Update - Unbound Group PLC
27/01/2022 09:59
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RNS Number : 8532Z AIM 27 January 2022
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE
WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")
COMPANY NAME:
Unbound Group PLC
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
(INCLUDING POSTCODES) :
Registered address:
17 Old Park Lane
London
W1K 1QT
Trading address
2 Peel Road
West Pimbo
Skelmersdale
WN8 9PT
COUNTRY OF INCORPORATION:
England and Wales
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
https://unboundgroupplc.com/investors/
(https://unboundgroupplc.com/investors/)
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS
SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
STATED:
Unbound Group PLC ("Unbound" or the "Company") will be the parent company for
a range of brands focused on the 55 plus demographic. Initially focused on
Hotter Shoes, Unbound's curated, multi-brand retail platform will offer
additional products and services that will enhance the enjoyment and wellbeing
of its targeted customer community. This online platform will be based on
the foundations of Hotter Shoes as a trusted brand, cloud-based digital
infrastructure, and strong customer personalisation through data insight.
Unbound's expanded offering beyond footwear will feature apparel and wellness
products and services, with third-party complementary brands featuring
alongside new Unbound brands, as well as Hotter Shoes.
Hotter Shoes 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 Shoes 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 Shoes'
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 Shoes customer database
and grow it through the addition of similarly themed products beyond footwear.
The Company currently generates revenue globally. The main country of
operation is the UK
DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER
OF THE SECURITIES (i.e. where known, number and type of shares, nominal value
and issue price to which it seeks admission and the number and type to be held
as treasury shares):
42,258,128 ordinary shares of 25 pence each
No restrictions on the transfer of shares
The Company holds no ordinary shares in treasury
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED
MARKET CAPITALISATION ON ADMISSION:
No capital being raised on Admission. Anticipated market cap c.£30m
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
Approximately 42%
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES
(OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:
None
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the
first name by which each is known or including any other name by which each is
known):
Neil Anthony Johnson - proposed non executive chairman
Ian Andrew Watson - proposed chief executive officer
Daniel (Dan) Malachy Lampard - proposed chief financial officer
Gavin Maxwell Manson - proposed non-executive director
Paul Andrew Goodson - independent non executive director
Linda Wilding - independent non executive director
Suzanne (Suki) Frances Allison Thompson - independent non executive director
Baroness Kate Rock - independent non executive director
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE
OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first
name by which each is known or including any other name by which each is
known):
%of ISC pre admission % of ISC post admission
Witan Investment Trust plc 13.1% 13.1%
Fidelity International 11.0% 11.0%
Ian Watson 5.0% 5.0%
Aviva plc 4.0% 4.0%
Crown Sigma UCITS plc 3.6% 3.6%
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:
· Hypnotion Limited
· One Advisory
· KPMG
· BDO
· Alvarez & Marsal
· Interpath Advisory
· Vico Partners
(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
(i) 30 January
(ii) 1 August 2021 (audited interim financial information)
(iii) 30 July 2022 (audited accounts for the 16 months to 30 January 2022);
31 October 2022 (unaudited interims for the 6 months to 31 July 2022;
5 August 2023 (audited accounts for the 12 months to 5 February 2023)
EXPECTED ADMISSION DATE:
1 February 2022
NAME AND ADDRESS OF NOMINATED ADVISER:
Stifel Nicolaus Europe Limited
150 Cheapside
London
EC2V 6ET
NAME AND ADDRESS OF BROKER:
Stifel Nicolaus Europe Limited
150 Cheapside
London
EC2V 6ET
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:
The admission document, which will contain full details of the applicant and
its securities, will be available from https://unboundgroupplc.com/investors/
(https://unboundgroupplc.com/investors/)
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
The QCA Corporate Governance Code
DATE OF NOTIFICATION:
27 January 2022
NEW/ UPDATE:
UPDATE
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:
· Hypnotion Limited
· One Advisory
· KPMG
· BDO
· Alvarez & Marsal
· Interpath Advisory
· Vico Partners
(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
(i) 30 January
(ii) 1 August 2021 (audited interim financial information)
(iii) 30 July 2022 (audited accounts for the 16 months to 30 January 2022);
31 October 2022 (unaudited interims for the 6 months to 31 July 2022;
5 August 2023 (audited accounts for the 12 months to 5 February 2023)
EXPECTED ADMISSION DATE:
1 February 2022
NAME AND ADDRESS OF NOMINATED ADVISER:
Stifel Nicolaus Europe Limited
150 Cheapside
London
EC2V 6ET
NAME AND ADDRESS OF BROKER:
Stifel Nicolaus Europe Limited
150 Cheapside
London
EC2V 6ET
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:
The admission document, which will contain full details of the applicant and
its securities, will be available from https://unboundgroupplc.com/investors/
(https://unboundgroupplc.com/investors/)
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
The QCA Corporate Governance Code
DATE OF NOTIFICATION:
27 January 2022
NEW/ UPDATE:
UPDATE
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