Essentially Group Plc

Capital/Financing Update • Jun 18, 2024

National Storage Mechanism | Additional information

RNS Number : 7807S

Essentially Group PLC

18 June 2024

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

18 June 2024

Essentially Group PLC   

(the "Company" or "Essentially")  

Approval of Notes Offering by the Vienna Stock Exchange

Essentially Group PLC, a leading health food company in the UAE delivering high quality nutrition (wellness shots, functional juices, lemonades, nut milks, single origin fruit juices and healthy snacks) to its customers, is pleased to announce the approval for listing by the Vienna MTF (operated by the Vienna Stock Exchange) of the Company's offering of Up to USD 25,000,000 12% Fixed Rate Notes due 2027 ("Notes"). Admission to listing and trading is expected to start on 19 June 2024.

The Notes, which mature in 2027, have a cash coupon with an interest rate of 12% per annum payable semi-annually and are secured by fixed and floating charges over corporate assets of the Company.  

The proceeds from the offering of the Notes are to be used by the Company to fund new machinery, facility expansions, increased automation in the manufacturing process and increasing productivity capacity and lowering costs. Further, funds are also expected to be deployed towards research and development of new products, as well as marketing and business development.

Raja Wail Abuljebain, Chief Executive Officer of Essentially, commented: "We are very pleased that our Notes have been approved for listing by the Vienna MTF.  This Note offering forms a key part of our strategy for 2024 and beyond, allowing us to expand our operations to meet newly won contracts and improve our operational efficiency. "

The Directors accept responsibility for this announcement. 

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For further information, please contact:  

Essentially Group Plc
Raja W Abuljebain, CEO	Tel: +97156 6440676
	https://essentiallyplc.com
AQSE Exchange Corporate Adviser
Alfred Henry Corporate Finance Ltd
Nick Michaels/Maya Klein Wassink	Tel: +44 (0) 20 3772 0021
	www.alfredhenry.com
Broker
Clear Capital Markets Ltd
Andrew Blaylock	Tel: +44 (0)20 3869 6082
	https://clearcapitalmarkets.co.uk

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