7 Jan 2020 07:00
7 January 2020
The Barkby Group Plc
("the Company")
Completion of Acquisition
Admission of the New Ordinary Shares to trading on AIM and Directors Shareholding
The Barkby Group PLC, the consumer-focused hospitality group, confirms that the Company's Existing Ordinary Shares trading on NEX Exchange has today been cancelled. Application has been made to the London Stock Exchange for the Enlarged Share Capital to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur and dealings will commence by 8.00 a.m. today.
On Admission, the Company will complete the acquisitions of Tarncourt Ambit Properties Limited, Tarncourt Ambit Limited and Workshop Trading Holdings Limited (together the "Dickson Controlled Entities") and the Placing and Subscription ("Completion").
This follows the announcements on 19 December 2019 in relation to the Reverse Takeover, Placing and Subscription and on 6 January 2020 in relation to the passing of the Resolutions at the General Meeting.
Following Admission and Completion, the total number of Shares in issue will be 135,235,066. There are no Shares held in treasury. Accordingly, the total number of voting rights in the Company on Admission will be 135,235,066. This figure may be used by Shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Giles Clarke (Non-Executive Chairman) and Rupert Fraser (Chief Executive Officer) subscribed at the Issue Price for 250,000 and 666,667 New Ordinary Shares in the Placing and Subscription respectively. The tables below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the transaction.
Charles Dickson, Executive Chairman of The Barkby Group Plc, commented:
"This is a transformational acquisition for all of us and I am very excited to be leading the business as Executive Chairman. The Group now consists of a diverse portfolio of high growth, high quality businesses and several very exciting early stage businesses with the potential to significantly disrupt the markets within which they operate.
"Our enhanced scale and capital will provide a strong platform for growth and deliver value for our shareholders. I would like to thank all our stakeholders for their continued support as the business moves into a new chapter."
Defined terms used in this announcement will have the meaning (unless the context otherwise requires) as set out in the Admission Document which is available on the Company's website www.barkbygroup.com. This announcement should be read in conjunction with the Admission Document published by the Company on 19 December 2019.
Enquiries:
finnCap Ltd (Corporate Adviser and Broker) Carl Holmes/Simon Hicks (corporate finance) Tim Redfern/Richard Chambers (ECM)
| +44 (0) 20 7220 0500 |
Camarco (Financial PR) Jennifer Renwick/Jane Glover | +44 (0) 20 3757 4994 |
Notes to editors
The Barkby Group PLC is a diversified group of high growth, high quality businesses run by an entrepreneurial and experienced management team. The existing wholly owned businesses within Barkby include; Commercial Property Development, Barkby Hospitality (comprising Barkby Pubs and Workshop Coffee) and Centurian Automotive. In addition to these businesses, Barkby has the right to participate in the upcoming fundraisings for two disruptive high growth private companies: Transcend Packaging, a sustainable and innovative paper packaging manufacturer aiming to eliminate single use plastic, and VivoPlex, a digital health company aiming to transform fertility treatment with precision medicine. Barkby's strategy is to accelerate and maximise opportunities within its existing businesses as well as continue to source and invest in cash generative, growth businesses with the ability to disrupt.
Directors Shareholding
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Rupert Fraser | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Chief Executive Officer
| ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | The Barkby Group Plc | ||||
b) | LEI: | 213800X57YXZVILB9E84 | ||||
4. | 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 | |||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of 30 pence each
GB00B13GSS58 | ||||
b) | Nature of the transaction: | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: | As above | ||||
e) | Date of the transaction: | 6 January 2020 | ||||
f) | Place of the transaction: | NEX Exchange | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Giles Clarke | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Non-Executive Chairman
| ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | The Barkby Group Plc | ||||
b) | LEI: | 213800X57YXZVILB9E84 | ||||
4. | 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 | |||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of 30 pence each
GB00B13GSS58 | ||||
b) | Nature of the transaction: | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: | As above | ||||
e) | Date of the transaction: | 6 January 2020 | ||||
f) | Place of the transaction: | NEX Exchange | ||||