Frk Us Inc Etf Regulatory News (INCE)

25 August 2022 

The Ince Group plc

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

Result of Open Offer

Board Update

The Ince Group plc (AIM: INCE), which provides legal, accounting, financial services, consulting and pensions advice services, is pleased to announce that it has received valid acceptances and excess applications from Qualifying Shareholders pursuant to the Open Offer in respect of an aggregate of 4,201,831 Open Offer Shares. Accordingly, the Company has conditionally raised total gross proceeds of approximately £0.2 million via the Open Offer and a total of approximately £9.3 million via the Fund-raising and Open Offer.

Application has been made to the London Stock Exchange for 4,201,831 new Ordinary Shares ("New Ordinary Shares") to be admitted to trading on AIM pursuant to the Open Offer. The New Ordinary Shares will rank pari passu with the Company's existing issued share capital.

Completion of the Open Offer remains subject to the passing of the Resolution at the General Meeting to be held later this morning, following which it is expected that Admission will become effective and that dealings in the New Ordinary Shares on AIM will commence at 8.00 a.m. on 26 August 2022.

Total Voting Rights

Following Admission, the Company will have 241,240,570 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The total number of voting rights in the Company is therefore 241,240,570. From Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Director participation

The following Director of the Company participated in the Open Offer:

Board update

Further to the Company's announcement on 16 August 2022, Donald Brown has been appointed as Group CEO of Ince with Adrian Biles stepping down from that role, although he remains a director whilst his departure from the Board is finalised.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Circular sent to shareholders of the Company on 9 August 2022.

For further information: