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