APGN.L Regulatory News (APGN)

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Applegreen plc ("Applegreen" or the "Company")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES):

Block 17, Joyce Way, Parkwest, Dublin 12, Republic of Ireland

COUNTRY OF INCORPORATION:

Republic of Ireland

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

http://investors.applegreenstores.com/

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Applegreen is a major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the USA. The Company is pursuing a growth strategy focused on acquiring and developing new sites in each of the three markets in which it operates. As at 30 June 2018, the business operated 368 forecourt sites and employed approximately 5,300 people. Applegreen is the number one motorway service area ("MSA") operator in the Republic of Ireland.

The Company offers a distinctive convenience retail offering in the forecourt space with three key elements:

· A "low fuel prices, always" price promise to drive footfall to the stores;

· A "Better Value Always" tailored retail offer; and

· A strong food and beverage focus aiming to offer premium products and service to the customer.

Applegreen has a number of strategic partnerships with international brands including Burger King, Subway, Costa Coffee, Greggs, Lavazza, Chopstix, Freshii and 7-Eleven. The business also has its own food offering through the Bakewell café brand.

Applegreen's ordinary shares of €0.01 each ("Ordinary Shares"), are admitted to trading on AIM and the Company has entered into conditional contracts to acquire a 50.01 per cent. holding in Appia Group Limited, the holding company of the Welcome Break group ("Welcome Break"), further details of which are set out in the admission document published by the Company on 28 September 2018 (the "Transaction").

The Transaction constitutes a reverse takeover under Rule 14 of the AIM Rules for Companies ("AIM Rules").

Welcome Break is one of the three largest MSA operators in the UK, attracting approximately 85 million motorway customers per year. Welcome Break's portfolio consists of 24 MSAs (10 of which are double MSAs on either side of the motorway), two TRSAs, 20 Starbucks Drive-Thrus as well as 20 Days Inn and 9 Ramada Hotels. It employs approximately 5,000 staff to operate a range of food and retail brands such as Waitrose, Starbucks, Pizza Express, Harry Ramsden's, Subway, WH Smith, KFC and Burger King.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

120,496,053 Ordinary Shares

No Ordinary Shares to be held in treasury.

There are no restrictions on the transfer of Ordinary Shares.

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised on Admission: c.£156.3 million (€175.0 million)

Market capitalisation on Admission: £654.1 million (€732.6 million)

Note: Sterling amounts calculated using exchange rate of £1: €1.12. Market capitalisation on Admission is based on the issue price of the capital to be raised on Admission, being £5.43 (€6.08) per new Ordinary Share.

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

Approximately 41.4 per cent.

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

Application will also be made to have the Company's shares re-admitted to trading on the ESM Market operated by the Irish Stock Exchange plc.

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Daniel (Danny) John Kitchen (Non-Executive Chairman)

Robert (Bob) Christopher Etchingham (Chief Executive Officer)

Joseph (Joe) James Barrett (Chief Operating Officer)

Niall Dolan (Chief Financial Officer)

Howard Michael Millar (Non-Executive Director)

Martin Andrew Southgate (Non-Executive Director)

Brian Patrick Geraghty (Non-Executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Before Admission

1B&J is an entity owned by Bob Etchingham and Joe Barrett who are the Company's CEO and COO respectively.

After Admission

1B&J is an entity owned by Bob Etchingham and Joe Barrett who are the Company's CEO and COO respectively.

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) With respect to Applegreen, 30 June 2018 (unaudited interim report)

With respect to Welcome Break, 31 January 2018

(iii) 30 June 2019; 30 September 2019; 30 June 2020

EXPECTED ADMISSION DATE:

25 October 2018

NAME AND ADDRESS OF NOMINATED ADVISER:

Shore Capital and Corporate Limited

Bond Street House

14 Clifford Street

London

W1S 4JU

NAME AND ADDRESS OF BROKER:

Shore Capital Stockbrokers Limited

Bond Street House

14 Clifford Street

London

W1S 4JU

Goodbody Stockbrokers

Ballsbridge Park

Ballsbridge

Dublin 4

Ireland

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Admission Document, which contains full details about the Company and the admission of its Ordinary Shares, is available to view on the Company's website: http://investors.applegreenstores.com/

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

DATE OF NOTIFICATION:

1 October 2018

NEW/ UPDATE:

New