Elixirr International Regulatory News (ELIX)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUE A VIOLATION OF THE SECURITIES LAWS OF THESE JURISDICTIONS.

For immediate release

9 July 2020

ELIXIRR INTERNATIONAL PLC

("Elixirr", the "Company" or the "Group")

Admission to Trading on AIM

and

First Day of Dealings

Elixirr, an established, global award-winning challenger consultancy, is pleased to announce the admission of its entire issued and to be issued ordinary share capital to trading on the AIM Market of the London Stock Exchange. Admission will occur at 8.00 a.m. today, under the ticker "ELIX" and the ISIN GB00BLPHTX84.

The Company has successfully raised £20.0 million (before expenses) by way of an oversubscribed placing of 9,216,590 new Ordinary Shares with institutional and other investors at a price of 217 pence per Ordinary Share (the "Placing Price"). In addition, 2,304,148 existing Ordinary Shares have been placed on behalf of the Selling Shareholders at the Placing Price, raising gross proceeds of £5.0 million.

The Company's market capitalisation at the Placing Price on Admission is £98.1 million. finnCap is acting as Nominated Adviser and sole Broker to the Company.

The Company's AIM admission document is available to view on the Company's website: www.elixirr.com.

Stephen Newton, Chief Executive of Elixirr International plc commented:

"Listing on AIM today marks an incredible chapter in Elixirr's story. The vision I had for the firm in 2009 remains - to become a world-leading consultancy. Admission to the exchange will further support our reputation as the challenger consultancy and provide the capital to accelerate our integrated strategy, growing off the great platform we have created.

This huge achievement is a culmination of the exceptional work and partnership with our fantastic clients, our talented team and our trusted advisors.

Everyone within the business is looking forward to beginning our life as a public company which will see all Elixirr employees become shareholders to further align the business for continued success. "

For further Information please contact:

About Elixirr International plc

Elixirr is an established global award-winning management consultancy, challenging the larger consultancies by delivering innovative and bespoke solutions to a repeat, globally-recognised client base.

Elixirr was founded in 2009, by Stephen Newton, Graham Busby, Ian Ferguson, Andy Curtis and Mark Goodyear, experienced business advisors who identified a market opportunity to provide bespoke, personal services as a 'challenger' to the traditional consultancy businesses in the market. Elixirr guides its clients to overcome challenges such as: future-proofing against technological disruption; development and roll-out of new propositions, products and services; incubating new businesses; navigating a more complex and multinational regulatory environment; and project management and implementation of major change programmes.

Important notices

Capitalised terms used in the Company's AIM admission document dated 6 July 2020 have the same meanings in this announcement.

finnCap which is authorised and regulated in the United Kingdom by the Financial Conduct Authority is acting exclusively for the Company and no one else in connection with the Placing and Admission, and finnCap will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Placing and Admission or any other matters referred to in this announcement.

Neither finnCap, nor any of its subsidiary undertakings, affiliates or any of its directors, officers, employees, advisers, agents or any other person accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions contained in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith and any liability therefore is expressly disclaimed.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.