Unbound Group PLC Response to press speculation (8204F)
July 12 2023 - 7:13AM
UK Regulatory
TIDMUBG
RNS Number : 8204F
Unbound Group PLC
12 July 2023
12 July 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
Unbound Group plc
(" Unbound", the "Company" or the "Group")
Response to press speculation
The Board notes recent press speculation regarding possible
administration of the Group as one of a number of options that the
Company is considering. Consistent with the strategic review
initiated by the Board and previous announcements, the Board and
the Company's advisers continue to explore options for the Group
and its shareholders, which include a formal restructuring plan and
equity raise. In the event that such discussions prove
unsuccessful, it is likely that administration would occur, in
which case the Company's ordinary shares would be suspended from
trading on AIM.
The Board will continue to provide further updates as
appropriate.
Enquiries
Unbound Group plc c/o Alma PR
Ian Watson, CEO
Gavin Manson, CFO
Singer Capital Markets (Financial Adviser,
Nominated Adviser & Broker)
Peter Steel / Tom Salvesen / Alaina Wong
/ James Fischer +44 (0)20 7496 3000
Interpath Advisory Ltd (Joint Financial
Adviser)
Will Wright / Andrew Stone / Jack Brazier +44 (0)20 3989 2800
Alma PR Limited (Financial PR) +44 (0)20 3405 0205
Josh Royston / Sam Modlin / Hannah Campbell unbound@almapr.co.uk
Important Information
This announcement (including any information incorporated by
reference in this announcement) contains statements about the Group
that are or may be deemed to be forward looking statements. Without
limitation, any statements preceded by or followed by or that
includes the words "targets", "plans", "believes", "expects",
"aims", "intends", "will", "may", "anticipates", "estimates",
"projects" or words or terms of similar substance of the negative
thereof, may be forward looking statements.
These forward looking statements are not guarantees of future
performance. Such forward looking statements involve known and
unknown risks and uncertainties that could significantly affect
expected results and are based on certain key assumptions. Many
factors could cause actual results to differ materially from those
projected or implied in any forward looking statement. Due to such
uncertainties and risks, readers should not rely on such forward
looking statements, which speak only as of the date of this
announcement, except as required by applicable law.
The distribution of this announcement in jurisdictions outside
the United Kingdom may be restricted by law and therefore persons
into whose possession this announcement comes should inform
themselves about, and observe, such restrictions. Any failure to
comply with the restrictions may constitute a violation of the
securities laws of such jurisdictions.
Market Abuse Regulation
The information contained within this announcement would have,
prior to its release, constituted inside information as stipulated
under Article 7 of the Market Abuse Regulation (EU) No.596/2014 as
incorporated into UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended by virtue of the Market Abuse
(Amendment) (EU Exit) Regulations 2019 ("UK MAR"). Upon the
publication of this announcement via a regulatory information
service, this inside information will be considered to be in the
public domain. For the purposes of UK MAR, the person responsible
for arranging for the release of this information on behalf of
Unbound is Gavin Manson.
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END
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July 12, 2023 07:13 ET (11:13 GMT)
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