MXCP.L Regulatory News (MXCP)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA, THE REPUBLIC OF IRELAND OR AUSTRALIA OR ANY JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION IS PROHIBITED.

2ergo Group plc

Placing Update - exercise of Broker's Option

2ergo Group plc (AIM: RGO, "2ergo" or "the Company") announces that, in connection with the Placing and Subscription announced on 17 June 2013, Numis Securities Limited ("Numis") has exercised all of the Additional Demand Option granted by the Company in respect of a total of 10,000,000 Ordinary Shares in the Company (the "Option Shares").

The Additional Demand Option has been exercised to meet strong aftermarket demand.

The Option Shares have been conditionally placed with additional existing and new shareholders at a price of 1p per Option Share (being equal to the Placing Price). All of the proceeds of approximately £0.1 million arising from the issue of the Option Shares will, after deduction of commissions and expenses, be received by the Company.

The Option Shares to be issued pursuant to the exercise of the Additional Demand Option will be issued on the same terms and conditions as other Ordinary Shares issued pursuant to the Placing and Subscription.

The Additional Demand Option was due to be exercised by 4.30 p.m. on 21 June 2013. In order to enable the strong aftermarket demand to be met, Numis and the Company agreed to extend the time by which the Additional Demand Option could be exercised by two Business Days to 4.30 p.m. on 25 June 2013.

Capitalised terms used in this announcement have the meanings given to them in the announcement of the Placing and Subscription dated 17 June 2013.

Enquiries:

This Announcement is for information purposes only and does not constitute an offer to sell or an invitation to subscribe for or a solicitation of an offer to buy or subscribe for any securities in any jurisdiction including in which such an offer or solicitation is prohibited and is not for distribution in or into, without limitation, the United States, Canada, Australia or Japan (the "Excluded Territories"), or to US persons (within the meaning of Regulation S of the United States Securities Act 1933 (as amended)) (the "Securities Act").

The Placing Shares, the Subscription Shares and the Option Shares have not been and will not be registered under the Securities Act or under the applicable securities laws of any state in the United States or any Excluded Territory and, unless an exemption under such act or laws is available may not be offered for sale or subscription or sold or subscribed directly or indirectly within the Excluded Territories or for the account or benefit of any national, resident or citizen of the Excluded Territories. No public offering of securities will be made in the United States. The distribution of this Announcement in other jurisdictions may be restricted by law and therefore persons into whose possession this Announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.

Numis, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for 2ergo and for no one else in connection with the Placing and will not be responsible to anyone other than 2ergo for providing the protections afforded to clients of Numis nor for providing advice in relation to the Placing or any other matters referred to in this Announcement.

The contents of this Announcement are not to be construed as legal, financial or tax advice. If necessary, each recipient of this Announcement should consult his, her or its own legal adviser, financial adviser or tax adviser for legal, financial or tax advice.

This Announcement contains certain statements that are or may be "forward-looking statements". These statements typically contain words such as "will", "believes", "proposes" "intends", "expects", "anticipates", "estimates" and words of similar import. All the statements other than statements of historical facts included in this Announcement, including, without limitation, those regarding 2ergo's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to 2ergo's products and services) are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and therefore undue reliance should not be placed on such forward-looking statements. There are a number of factors that could cause the actual results, performance or achievements of 2ergo to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding 2ergo's present and future business strategies and the environment in which 2ergo will operate in the future and such assumptions may or may not prove to be correct. Forward-looking statements speak only as at the date they are made. Neither 2ergo, nor Numis nor any other person undertakes any obligation (other than, in the case of 2ergo, pursuant to the AIM Rules for Companies) to update publicly any of the information contained in this Announcement, including any forward-looking statements, in the light of new information, change in circumstances or future events.