15:06 Wed 06 Jun 2018
Real Good Food PLC - Intention to launch an Open Offer
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Intention to launch an Open Offer
Proposed appointment of Non-Executive Directors
Open Offer
The Board of
It is intended that the Open Offer be announced contemporaneously with the whitewash process pursuant to Rule 9 of the Takeover Code (the "Whitewash"), arising from proposed issuance of Replacement Convertible Loan Notes as outlined in the Company's announcement on
The major shareholders of the Group (being
The proceeds of the Open Offer allows all Qualifying Shareholders to participate in the refinancing of the Company whilst also providing the Company with additional working capital headroom.
Proposed appointment of Non-Executive Directors
The Board is currently in the process of seeking to appoint two appropriately qualified and experienced candidates as independent non-executive directors, being part of its improved corporate governance practices. When suitable candidates have been identified and have agreed to join the Board, the Company will make further announcements about this in due course.
"Having recently completed our new financing arrangements with the Company's three major shareholders, the Board recognised the importance of enabling all shareholders to participate in the refinancing of the Company and is therefore intending to launch the Open Offer accordingly."
The information communicated in this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Enquiries:
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Tel: 020 3857 3900
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finnCap Limited (Nomad and Broker) |
Tel: 020 7220 0500 |
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Tel: 020 3128 8100 |
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