Oberon Investments Group PLC Placing to raise GBP450,000 (0515V)

TIDMOBE

RNS Number : 0515V

Oberon Investments Group PLC

03 April 2023

3 April 2023

Oberon Investments Group plc

('Oberon' or the 'Company' or the 'Group')

Placing to raise GBP450,000

Oberon Investments Group plc (AQSE: OBE), the boutique investment management, wealth planning and corporate broking group, announces it has raised approximately GBP450,000 before expenses, by way of a placing via Oberon Capital at a price of 3.5p per share (the 'Placing'). The placing was in response to inbound institutional interest. The Placing shares are being issued under the Company's existing share authorities.

The net proceeds of the Placing will be applied to support the expansion of the Company's Corporate Advisory division and to accelerate growth in 2023.

Oberon Chief Executive Officer Simon McGivern said:

"Shortly following our recent successful placing, we are always delighted to welcome new institutional holders to our list".

Notes

The new shares will be admitted to trading on AQSE and will represent 2.4% of the Company's enlarged issued ordinary share capital.

Admission to Trading on AQSE and Total Voting Rights Application has been made for the Placing Shares, which rank pari passu with the existing ordinary shares, to be admitted to trading on AQSE, with admission expected to become effective on 5 April 2023. Following the Placing, the total issued share capital of the Company will be 533,106,783 ordinary shares, with no shares in Treasury. Therefore, the total current voting rights in the Company following Admission will be 533,106,783 and this 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Which is part of the United Kingdom domestic law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ("UK MAR").

Enquiries:

 
 
   Oberon Investments Group pl 
   Simon McGivern / John Beaumont            020 3179 5300 
 Novum Securities Limited (AQSE 
  Corporate Adviser and Broker to 
  the Company) 
  Richard Potts, George Duxberry             020 7399 9400 
 Oberon Capital (Broker to the Company) 
  Mike Seabrook, Nick Lovering               020 3179 5300 
 
 

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April 03, 2023 02:00 ET (06:00 GMT)