UBG.L Regulatory News (UBG)

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22 July 2022

Unbound Group plc

Launch of Open Offer, Posting of Circular

and

Notice of General Meeting

Unbound Group plc (AIM: UBG) ("Unbound Group", the "Company" or, together with its subsidiary undertakings, the "Group"), is pleased to announce that, further to the Company's announcement on 21 July 2022 (the "Launch Announcement"), it is proposing to raise up to approximately £1 million (before expenses) through an Open Offer pursuant to which Qualifying Shareholders will have an opportunity to subscribe for an aggregate of 6,675,849 Open Offer Shares at an Offer Price of 15 pence per Open Offer Share.

Pursuant to the Open Offer, Qualifying Shareholders will be given the opportunity to subscribe for:

1 Open Offer Share for every 6.33 Existing Ordinary Shares

held by Qualifying Shareholders at the Record Date and so on in proportion for any other number of Existing Shares then held.

Any Open Offer Shares not subscribed for by Qualifying Shareholders will be available to Qualifying Shareholders under the Excess Application Facility and as such, Qualifying Shareholders seeking to limit their dilution from the Placing can also request additional Open Offer Shares ("Excess Shares") under the Excess Application Facility. The Open Offer is not being underwritten. 

The Open Offer is conditional upon, among other things (i) the Resolutions being duly passed by Shareholders at the General Meeting and (ii) Admission having become effective at or before 8.00 a.m. on 11 August 2022 (or such later time and/or date as the Bookrunner may agree with the Company not being later than 8.00 a.m. on 1 September 2022).

Posting of Circular

The Company also confirms that a circular, which contains further details regarding the Open Offer and the Share Capital Reorganisation and a notice convening the General Meeting (the "Circular"), will be posted today to Qualifying Shareholders, along with the Application Form (where applicable). The Circular will also be made available on the Company's website: https://unboundgroupplc.com/.

Notice of General Meeting

The General Meeting has been convened for 10.00 a.m. on 10 August 2022 at the offices of Singer Capital Markets, 1 Bartholomew Lane, London, EC2N 2AX.

Capitalised terms used in this announcement have the meanings given to them in the Circular, unless the context provides otherwise.

Enquiries:

Unbound Group plc

Ian Watson, Chief Executive Officer

Dan Lampard, Chief Financial Officer

020 3874 8300

Singer Capital Markets (Nominated Adviser, Sole Broker and Sole Bookrunner)

Peter Steel / Tom Salvesen / Alaina Wong / Kailey Aliyar

020 7496 3000

Vico Partners (Financial PR Adviser)

Sofia Newitt

020 3957 5045

Each of the times and dates above refer to London time and are subject to change. Any such change will be notified to Shareholders by an announcement through a Regulatory Information Service. All events listed in the above timetable following the General Meeting are conditional on the passing of the Resolutions at the General Meeting.