FLETCHER KING PLC — Share Issue/Capital Change 2022

Mar 4, 2022

National Storage Mechanism | Additional information

RNS Number : 7447D

Fletcher King PLC

04 March 2022

Fletcher King plc  

("Fletcher King" or "the Company")

Completion of Placing of New Ordinary Shares, Director Dealing and Director Appointments

Further to the announcement of 4 October 2021 regarding the Conditional Placing and Conditional Director Dealing and the announcement of 28 February 2022 regarding the receipt of FCA controller approval for Elliott Bernerd and CM Strategic 613 Limited, the board of directors of the Company is pleased to confirm that the placing of a total of 1,042,430 new ordinary shares of 10 pence each (the "Placing Shares") at a price of 52.5 pence per share to raise £547,276 before expenses (the "Placing") to CM Strategic 613 Limited has completed.

The Company's three largest shareholders have also today completed the sale of part of their existing shareholdings in Fletcher King at a sale price of 52.5 pence per share, to CM Strategic 613 Limited which allows Elliott Bernerd to increase his indirect ownership in the Company to approximately 29.99 per cent. of the enlarged share capital of Fletcher King.  

In addition, as set out in the announcement of 4 October 2021, the Company has appointed, at the request of Elliott Bernerd, David Gibbs and Matthew Wise as non-executive directors.   

Elliott Bernerd commented: "I have known and respected David Fletcher for a long time and am now delighted to support David and his management team in their future activities.  I am also very pleased that my two colleagues, David Gibbs and Matthew Wise, are joining the Board of Fletcher King plc to ensure a close working relationship."

Disclosures in accordance with the AIM Rules

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of David Arthur Edmund Gibbs (aged 52) and Matthew Ian Wise (aged 59):

David Gibbs

Current Appointments	Former appointments in the last 5 years
Chelsfield Capital LLP	Helix Securities LLP
Chelsfield Retech Investments Limited	Keakie Ltd
Children With Cancer UK	Sunrise Brokers LLP
Children With Cancer Research Limited	The Invicta Film Partnership No.10, LLP
Helping Children With Cancer Limited	Envy Post Production Limited
Echo Velvet Limited

David Gibbs does not hold any shares or options in the Company.

Matthew Wise

Current Appointments	Former appointments in the last 5 years
Penniwells Riding Centre for The Disabled	None
Samillie Residential Limited

Matthew Wise does not hold any shares or options in the Company.

There are no further disclosures required in accordance with AIM Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange to admit the Placing Shares to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 7 March 2022 ("Admission"). The new ordinary shares will rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure Guidance and Transparency Rules, following Admission the enlarged issued share capital of the Company will comprise 10,252,209 ordinary shares of 10 pence each. The Company does not hold any shares in treasury. The above figure may be used by shareholders 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 Company, under the Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. The Directors of the Company are responsible for the release of this announcement.

Enquiries

Fletcher King plc

David Fletcher / Peter Bailey

Tel: 0207 493 8400

Cairn Financial Advisers LLP

James Caithie / Liam Murray

Tel: 020 7213 0880

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

Details of the person discharging managerial responsibilities/person closely associated

Name

David Fletcher

Reason for notification

Position/Status

Director

Initial notification/ Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Fletcher King plc

LEI

	21380047ETCYL7UA8W49

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Identification Code

Ordinary shares of 10p each 

GB0003425310

Nature of the transaction

Sale of ordinary shares

Price(s) and volume(s)

Price(s)

Volume(s)

52.5p

672,180

Aggregated information

- Aggregated Volume

- Price

N/A

N/A

Date of the transaction

4 March 2022

Place of the transaction

Outside a trading venue

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