Marechale Capital Plc Placing, Subscription and Issue of Equity

 
TIDMMAC 
 
26 January 2021 
 
                             Marechale Capital plc 
 
                        ("Marechale" or the "Company") 
 
                   Placing, Subscription and Issue of Equity 
 
Marechale Capital Plc (AIM: MAC) is pleased to announce that it has 
conditionally raised the sum of £250,000 before expenses via a placing and 
subscription of 20,000,000 new ordinary shares of 0.8p each in the Company 
("New Ordinary Shares") at a price of 1.25p ("Placing Price") per share 
("Fundraise"). 
 
Marechale is an established corporate finance firm providing strategic, M&A and 
advisory services primarily to hospitality and renewable energy companies in 
the UK and Europe.  Marechale also finances earlier stage and growth capital 
companies from its family office, private investor and private equity 
relationships. The purpose of this strategic fundraising is to put the Company 
in a better position to take advantage of investment and co-investment 
opportunities that are presented to Marechale in connection with its activity 
for corporate clients.  The Company sees significant potential for growth 
within the hospitality and leisure industries and the technology sector as the 
economy recovers from the current pandemic and the Directors consider that a 
stronger balance sheet will allow it greater scope to capitalise on and 
participate in financing opportunities. 
 
The Fundraise has been completed by a number of new and existing investors, 
including the Company's Chief Executive, Patrick Booth-Clibborn, who has 
invested £20,000 to subscribe for 1,600,000 New Ordinary Shares at the Placing 
Price. Following Admission, Patrick Booth-Clibborn will hold a total of 
9,844,740 ordinary shares representing 12.7 per cent. of the Company's enlarged 
issued Share Capital.  Chris Akers, who has also participated in the Fundraise, 
will, on Admission, have an interest in 7,690,000 shares representing 9.9 per 
cent. of the Company's enlarged issued share capital. 
 
The New Ordinary Shares will rank pari passu with the existing ordinary shares. 
Application will be made for the new shares to be admitted to trading on AIM 
with admission expected to take place on, or around, 9 February 2021 
("Admission"). Completion of the Fundraise is conditional on Admission. 
 
Following Admission, the Company's enlarged share capital will comprise 
77,681,151 ordinary shares. No shares are held in Treasury. Therefore, the 
total number of Ordinary Shares with voting rights will be 77,681,151. This 
figure may be used by shareholders as the denominator for calculations by which 
they will determine if they are required to notify their interest in, or a 
change of their interest in, the Company under the Financial Conduct 
Authority's Disclosure Guidance and Transparency Rules. 
 
The participation in the Fundraise by Patrick Booth-Clibborn is a related party 
transaction pursuant to Rule 13 of the AIM Rules for Companies. With the 
exception of Patrick Booth-Clibborn, the directors consider, having consulted 
with the Company's Nominated Adviser Cairn Financial Advisers LLP, that the 
terms of the transaction are fair and reasonable insofar as shareholders are 
concerned. 
 
This announcement contains inside information for the purposes of Article 7 of 
EU Regulation 596/2014. 
 
For further information please contact: 
 
Marechale Capital plc                              Tel: [phone] 
Mark Warde-Norbury / Patrick Booth-Clibborn 
 
Cairn Financial Advisers LLP (Nomad)               Tel: [phone] 
Jo Turner / Sandy Jamieson / Mark Rogers 
 
Novum Securities Limited (Broker)                  Tel: [phone] 
Colin Rowbury 
 
Notification and public disclosure of transactions by persons discharging 
managerial responsibilities and persons closely associated with them 
 
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 
596/2014 
 
1     Details of the person discharging managerial responsibilities/person closely 
      associated 
 
a.    Name                 Patrick Booth-Clibborn 
 
2     Reason for 
      notification 
 
a.    Position/Status      Chief Executive 
 
b.    Initial notification Initial 
      / 
      Amendment 
 
3     Details of the issuer, emission allowance market participant, auction platform, 
      auctioneer or auction monitor 
 
a.    Name                 Marechale Capital Plc 
 
b.    LEI                  213800WAVVOPS85N2205 
 
4     Details of the transaction(s): section to be repeated for (i) each type of 
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each place 
      where transactions have been conducted 
 
a.    Description of the   Ordinary Shares 
      financial 
      instrument, type of 
      instrument 
                           ISIN: GB0005401087 
      Identification Code 
 
b.    Nature of the        Subscription for ordinary shares 
      transaction 
 
c.    Price(s) and volume       Volume(s)        Price (p) 
      (s) 
                                 a. 1,600,000    1.25p 
 
d.    Aggregated 
      information 
                           -1,600,000 
      - Aggregated Volume  -1.25 pence per share 
      - Price 
 
e.    Date of the          26/1/2021 
      transaction 
 
f.    Place of the         London Stock Exchange, AIM 
      transaction 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

January 26, 2021 06:48 ET (11:48 GMT)