Hambro Perks Acquisition Company Ltd Update on Escrow Account Balance

 
TIDMHPA1 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR 
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUE A VIOLATION OF THE 
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS IS AN ANNOUNCEMENT AND 
NOT AN OFFER TO SELL OR AN INVITATION TO PURCHASE OR SUBSCRIBE FOR ANY 
SECURITIES NOR A CIRCULAR OR PROSPECTUS OR EQUIVALENT DOCUMENT AND INVESTORS OR 
PROSPECTIVE INVESTORS SHOULD NOT MAKE INVESTMENT DECISIONS ON THE BASIS OF ITS 
CONTENTS. 
 
FOR IMMEDIATE RELEASE. 
 
25 April 2023 
 
                   Hambro Perks Acquisition Company Limited 
 
                           ("HPAC" or the "Company") 
 
                       Update on Escrow Account Balance 
 
Ahead of the redemption of the Company's Public Shares announced yesterday, 24 
April 2023, HPAC (LSE: HPA1) would like to update shareholders on the expected 
Escrow Account cash balance. 
 
The amount in the Escrow Account available to Public Shareholders (other than 
the Sponsor) is anticipated to be approximately £12.07 per Public Share, being 
approximately equal to the aggregate amount on deposit in the Escrow Account as 
at the Decision Date, including interest earned on the funds held in the Escrow 
Account (less taxes payable and £100,000 to pay dissolution expenses), divided 
by the number of outstanding Public Shares as at the Decision Date (other than 
in respect of Public Shares held by the Sponsor, which shall be redeemed for 
nil consideration). 
 
The Company would also like to clarify that the Redemption Record Time, being 
close of business (6:00 p.m.) on the business day prior to the Redemption 
Deadline, is 6:00 p.m. on 5 May 2023. An updated expected timetable of events 
is set out below. 
 
Capitalised terms used but not defined in this announcement have the meanings 
given to them in the announcement by the Company published yesterday, 24 April 
2023. 
 
Expected timetable of events* 
 
EVENT                                              EXPECTED TIMETABLE 
 
Redemption Record Time                           6:00 p.m. on 5 May 2023 
 
Latest date for despatch of cheques in                 9 May 2023 
respect of redemption monies and for 
settlement of redemption monies through 
CREST or other form of payment (the " 
Redemption Deadline") 
 
Cancellation of listing                       by no later than 24 May 2023 
 
Completion of the winding up of the Company          during Q3 2023 
 
Dissolution of the Company                      before the end of Q3 2023 
 
*All references to time in this announcement are to London time. 
 
Enquiries 
 
Hambro Perks Acquisition Company Limited       [e-mail] 
Peter Soliman, Company Secretary 
 
FTI Consulting (Financial PR advisor to HPAC) 
Charles Palmer                                 [phone] 
Kit Dunford                                    [phone] 
 
Notes to Editors 
 
The information contained in this announcement is deemed by HPAC to constitute 
inside information for the purposes of Article 7 of the UK Market Abuse 
Regulation. By the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. The person responsible for arranging for the release of this 
announcement on behalf of HPAC is Peter Soliman, Company Secretary. 
 
The LEI of HPAC is 2138002WGRFJRKBEVT75. 
 
About HPAC 
 
For further information on HPAC, please see www.hpac.uk. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

April 25, 2023 02:00 ET (06:00 GMT)