Roebuck Food Group PLC Placing and Related Subscription Update (5432S)
November 06 2023 - 12:10PM
UK Regulatory
TIDMRFG
RNS Number : 5432S
Roebuck Food Group PLC
06 November 2023
6 November 2023
ROEBUCK FOOD GROUP PLC
Placing and related Subscription
Director Participation
Roebuck Food Group plc (AIM: RFG) a group focused on growth and
innovation within the food and agribusiness sectors (the "Company"
or, "Roebuck") refers to its announcements on 3 November 2023 of
the conditional agreement to acquire Moorhead & McGavin Limited
("the Acquisition") and a placing and related subscription to raise
GBP2,500,000 by the issue of new ordinary shares of the Company
("the Fundraising"), in which it was noted that certain directors
of the Company had agreed to subscribe for new ordinary shares of
the Company, and to the circular to shareholders with notice of
extraordinary general meeting of the Company being posted today to
shareholders in relation to the .Acquisition and the
Fundraising.
The participation in the Fundraising by Chairman and Director
Ted O'Neill whereby he has agreed to subscribe for 1,777,777
ordinary shares in the Company at the Placing Price of 13.5 pence
(GBP240,000) will constitute a related party transaction for the
purposes of the AIM Rules.
The directors of the Company (Mr O'Neill excepted) consider,
having consulted with the Company's nominated adviser Davy, that
the terms of this subscription, being on identical terms to that
for all other placees, is fair and reasonable insofar as its
shareholders are concerned.
The directors of the Company accept responsibility for this
announcement.
Enquiries:
Roebuck Food Group plc
Aidan Hughes, Deputy Chairman Telephone: + 44 1293 862 498
J & E Davy (Nomad)
Anthony Farrell Telephone: + 353 1 679 6363
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