TIDMZAMZ
RNS Number : 8030M
Zamaz PLC
16 January 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF UNITED
KINGDOM DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMMENT) (EU
EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF
THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR)
IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
16 January 2023
Zamaz plc
"Zamaz", "the Company" or "the Group"
Notification of Major Shareholding
&
Brand Licence Update
Zamaz Plc, the London-based international e-commerce and retail
technology aggregator of sustainable brands , announces that it has
been notified of the following transaction in the Company's
Ordinary shares by Maximum Return Systems Group ("Max"), a sister
company to its largest shareholder, Maximum Return Systems Group
LLP ("MaxRSGL"), both of which are owned/controlled by Dominic
White, co-founder of Zamaz, and also announces the successful
update of its brand licence agreement.
Shares Acquisition
Max has purchased 94,467,715 Ordinary shares in the Company from
its second largest shareholder Mrs A. Khorassani. The purchase,
which is Mrs. Khorassani's entire holding, represents 13.28 per
cent. of the Company's issued Ordinary share capital and brings the
aggregate beneficial shareholding of companies controlled by
Dominic White in the share capital of the Company to 66.29 per
cent.
To facilitate this transaction, which the Board believes to be
in the interests of all shareholders, Mrs Khorassani's obligations
under contractual lock-in arrangements put in place at the time of
the Listing have been waived. Further details of the transaction
are provided in the accompanying TR-1 "Notification of Major
Holdings" Forms below.
Brand Licence Update
The Company is also pleased to announce that it has successfully
agreed a change to its licencing agreement that governs use of the
company's licensed brands, led by the sustainable cleaning product
Ecomoist. The revised licence agreement enables the Company to
focus its sales and marketing resources entirely on Ecomoist and
releases it from its obligation to invest in and develop other
licensed brands. Ecomoist represents approximately 99% of the
revenue under this licencing agreement and an estimated one third
of the Group's current revenue generation, following the
revenue-enhancing acquisitions made in the first half of its
current financial year. The directors strongly believe that the
Company can generate greater revenue, profit and shareholder value
by focusing its UK resources on Ecomoist over the next 12 months,
rather than committing to launch new brands under this licence
arrangement.
Zamaz also confirms that, going forward, it will be focused on
brand ownership and vertical integration of its brand operations
(from supply chain to distribution), rather than licencing
arrangements.
Martin Groak, Non-Executive Chairman of Zamaz commented:
"Dominic White, the Founder and CEO of Max and MaxRSGL has been
a supporter of Zamaz since its inception, and recognised from an
early stage the huge potential within the business. Following the
Company's successful Stock Market Listing in September last year we
are delighted he is demonstrating that continuing support by
increasing his shareholding. Zamaz has already completed two
revenue and profit-enhancing acquisitions since listing and we are
looking forward to executing more of the acquisition pipeline in
what we expect to be a busy 2023."
"We are also delighted to have successfully repositioned our
licencing agreement so that the team can focus on expanding
Ecomoist revenues and profits and its geographic reach, including
into the USA, and also further develop the Bella Dispensa business.
This is a step forward in our strategy to own the majority of the
brands that we develop, ensuring greater revenue security and value
creation for shareholders."
For the purposes of UK MAR, the person responsible for arranging
release of this announcement on behalf of Zamaz is Martin Groak,
Chairman.
Enquiries:
Zamaz plc www.zamaz.tech
Martin Groak, Chairman c/o Walbrook PR Limited
Walbrook PR Limited
Paul Vann/Nick Rome/Joe Walker Tel: 020 7933 8780
or 07768 807631
zamaz@walbrookpr.com
About Zamaz
Zamaz is a technology driven e-commerce business that
originates, acquires or licenses, operates and scales small and
medium-sized brands with category-winning products on global
marketplaces. With ever prolific customer data sources, the advent
of turnkey e-commerce website platforms, such as Shopify, and a
thriving ecosystem of third-party software integrators, the options
available to launch and build brands that can be marketed, sold,
and shipped online quickly and globally with limited risk have
never been more compelling. Such marketplaces, led by Amazon and
eBay, also provide connection to millions of consumers, and have
become a first-choice route-to-market for a generation of micro and
small and medium-sized enterprise businesses.
Zamaz mines and analyses data from such online retail technology
platforms which provide significant insights into consumer shopping
behaviour and trends and enable the business to deploy, market and
sell an optimised portfolio of brands, products, packs and prices
aligned with active, real-time consumer needs and demands
principally on UK and EU Amazon marketplaces.
About Bella Dispensa
Bella Dispensa, a wholly-owned subsidiary of Zamaz, is an
Italian-based online retailer of gourmet Italian food products
which operates in one of the fastest growing online sectors,
grocery shopping. The extensive relationships that Bella Dispensa
enjoys with its niche food suppliers makes it a strong addition to
the Zamaz Brand Portfolio and will give Zamaz the opportunity to
showcase and sell Bella Dispensa sourced products on its online
platform.
Bella Dispensa has already made two acquisitions since Zamaz
listed on the Main Market of the London Stock Exchange: Ecocarni, a
purveyor of premium quality meats and associated products sourced
from Italy and Argentina to both wholesale and retail customers,
from its flagship store in Milan and Eccellenze S.r.l. which has a
retail store located on Milan's prestigious Corso Venezia, one of
the city's most exclusive and elegant avenues, being part of the
upscale Quadrilatero della moda shopping district. Recently
established in Q4 2021, Eccellenze has grown rapidly, and now
offers over 1,000 premium quality food products in-store, including
cheese, pasta, wine and oil. Its highly experienced management team
has also developed a unique eno-gastronomic "lifestyle shopping
experience" for its growing, highly discerning client base.
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (i)
1a. Identity of the issuer or the Zamaz plc
underlying issuer of existing shares
to which voting rights are attached
(ii) :
--------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
----
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
----
An acquisition or disposal of financial instruments
----
An event changing the breakdown of voting rights
----
Other (please specify) (iii) :
----
3. Details of person subject to the notification obligation (iv)
Name Dominic White
City and country of registered office
(if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name Maximum Return Systems Group
--------------------------------------------
City and country of registered office Cayman Islands
(if applicable)
--------------------------------------------
5. Date on which the threshold was
crossed or reached (vi) : 09/01/ 2023
--------------------------------------------
6. Date on which issuer notified
(DD/MM/YYYY): 13 /01/ 2023
--------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) held in issuer
of 8. A) (total of 8.B (8.A + 8.B)
1 + 8.B 2) (vii)
------------------ --------------------- -------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 66.29% 66.29% 471,622,834
------------------ --------------------- -------------- --------------------
Position of
previous notification
(if
applicable) 53.01% 53.01%
------------------ --------------------- -------------- --------------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares (ix)
ISIN code (if
possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
---------------------
Ordinary Shares
GB00BMWW8Q93 471,622,834 66.29%
--------------------- --------------------- -------------------- ----------------
SUBTOTAL 8.
A 471,622,834 66.29%
-------------------------------------------- --------------------------------------
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion Period rights that may rights
(x) (xi) be acquired if
the instrument
is
exercised/converted.
----------- ------------------------- -------------------------- ----------------
SUBTOTAL 8. B
1
------------------------- -------------------------- ----------------
B 2: Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical Number of % of voting
instrument date (x) Conversion or cash voting rights rights
Period (xi) Settlement
(xii)
---------------- ---------------- ----------------- ----------------
SUBTOTAL
8.B.2
----------------- ----------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights X
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional
rows as necessary) (xiv)
Name (xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
---------------------- --------------------- ------------------------
Dominic White
---------------------- --------------------- ------------------------
Maximum Return Systems
Group LLP 53.01% 53.01%
---------------------- --------------------- ------------------------
Maximum Return Systems
Group 13.28% 13.28%
---------------------- --------------------- ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
-----------------------------------------------
The number and % of voting rights
held
-----------------------------------------------
The date until which the voting rights
will be held
-----------------------------------------------
11. Additional information (xvi)
Place of completion London, UK
Date of completion 9 January 2023
---------------
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (i)
1a. Identity of the issuer or the Zamaz plc
underlying issuer of existing shares
to which voting rights are attached
(ii) :
--------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
----
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
----
An acquisition or disposal of financial instruments
----
An event changing the breakdown of voting rights
----
Other (please specify) (iii) :
----
3. Details of person subject to the notification obligation (iv)
Name Ayda Babazadeh Khorassani
City and country of registered office
(if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name
--------------------------------------------
City and country of registered office
(if applicable)
--------------------------------------------
5. Date on which the threshold was 09/01/2023
crossed or reached (vi) :
--------------------------------------------
6. Date on which issuer notified 13/01/2023
(DD/MM/YYYY):
--------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) held in issuer
of 8. A) (total of 8.B (8.A + 8.B)
1 + 8.B 2) (vii)
------------------ --------------------- -------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 0.0% 0.0%
------------------ --------------------- -------------- --------------------
Position of
previous notification
(if
applicable) 13.28% 13.28%
------------------ --------------------- -------------- --------------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares (ix)
ISIN code (if
possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
---------------------
Ordinary Shares
GB00BMWW8Q93 94,467,715 13.28%
--------------------- --------------------- -------------------- ----------------
SUBTOTAL 8.
A 94,467,715 13.28%
-------------------------------------------- --------------------------------------
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion Period rights that may rights
(x) (xi) be acquired if
the instrument
is
exercised/converted.
----------- ------------------------- -------------------------- ----------------
SUBTOTAL 8. B
1
------------------------- -------------------------- ----------------
B 2: Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical Number of % of voting
instrument date (x) Conversion or cash voting rights rights
Period (xi) Settlement
(xii)
---------------- ---------------- ----------------- ----------------
SUBTOTAL
8.B.2
----------------- ----------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled x
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional
rows as necessary) (xiv)
Name (xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
---------------------- --------------------- ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
-----------------------------------------------
The number and % of voting rights
held
-----------------------------------------------
The date until which the voting rights
will be held
-----------------------------------------------
11. Additional information (xvi)
Place of completion London, UK
Date of completion 09/01/2023
-----------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
HOLUNSNROUUAARR
(END) Dow Jones Newswires
January 16, 2023 02:00 ET (07:00 GMT)
Grafico Azioni Zamaz (LSE:ZAMZ)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Zamaz (LSE:ZAMZ)
Storico
Da Giu 2023 a Giu 2024
