TIDMFLK

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 GBP547,276 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   Keakie Ltd 
  Limited 
 Children With Cancer UK         Sunrise Brokers LLP 
 Children With Cancer Research   The Invicta Film Partnership 
  Limited                         No.10, LLP 
 Helping Children With Cancer    Envy Post Production Limited 
  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   None 
  The Disabled 
 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/        Initial notification 
  Amendment 
                             ------------------------------------------------------ 
 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               Ordinary shares of 10p each 
  the financial 
  instrument, type 
  of instrument                GB0003425310 
 
  Identification 
  Code 
                             ------------------------------------------------------ 
 Nature of the                Sale of ordinary shares 
  transaction 
                             ------------------------------------------------------ 
 
 Price(s) and volume(s)           Price(s)    Volume(s) 
                                  52.5p       672,180 
                                 ----------  ---------- 
 
 
 Aggregated information 
  - Aggregated                  N/A 
  Volume                        N/A 
  - Price 
                             ------------------------------------------------------ 
 Date of the transaction      4 March 2022 
                             ------------------------------------------------------ 
 Place of the transaction     Outside a trading venue 
                             ------------------------------------------------------

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END

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March 04, 2022 11:03 ET (16:03 GMT)

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