Freeagent Holdings Regulatory News (FREE)

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16 November 2016

FreeAgent Holdings plc

("FreeAgent" or the "Company")

Admission to Trading on AIM and First Day of Dealings

FreeAgent Holdings plc, a provider of cloud-based Software-as-a-Service ("SaaS") accounting software solutions and mobile applications designed specifically for UK micro-businesses, is pleased to announce that Admission of its ordinary shares to trading on the AIM market of the London Stock Exchange will take place at 8.00am today, 16 November 2016. Dealings in the ordinary shares will commence under the ticker "FREE" with ISIN GB00BDFVDY36.

The Company has successfully raised £10.7 million from institutional investors via a placing of 9,523,810 new ordinary shares raising gross proceeds of £8.0m for the Company, and 3,192,850 existing ordinary shares raising gross proceeds of £2.7m for the selling shareholders, in each case at a placing price of 84 pence per share. Upon Admission, the Company will have a market capitalisation of approximately £34.1m.

The total number of voting rights in the Company with effect from 16 November 2016 will be 40,622,480. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Nplus1 Singer Advisory LLP ("N+1 Singer") is acting as Nominated Advisor and sole Broker to the Company.

Ed Molyneux, Chief Executive Officer of FreeAgent Holdings, commented:

"We are very pleased to have today been admitted to trading on AIM - this is a transformational event for FreeAgent. I am delighted by the interest shown in FreeAgent by investors, resulting in our successful placing, and equally delighted to welcome on board our new shareholders. Our entry to the AIM market is a positive step that marks the next phase of FreeAgent's development as we progress our growth strategy. We look forward to our future as a quoted company with confidence."

The Company's AIM Admission Document can be viewed on its website at: www.freeagent.com/investors

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For further information please contact:

N+1 Singer, 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 will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Placing and Admission, and 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, Admission or any transaction, arrangements or other matters referred to in this announcement.

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