Source - LSE Regulatory
RNS Number : 2536H
Ten Lifestyle Group PLC
08 October 2024
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (AS AMENDED) AS RETAINED AS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

8th October 2024

Ten Lifestyle Group plc

("Ten" or the "Group")

 

Result of Retail Offer

 

Ten Lifestyle Group plc (AIM: TENG), the global concierge platform driving customer loyalty for global financial institutions and other premium brands, announces that, pursuant to the Retail Offer it has conditionally raised gross proceeds of c.£10,000. As a result, the Group has conditionally raised a total of approximately £5.9 million before expenses pursuant to the Placing and Retail Offer (together, the "Fundraising").

 

Consequently, 9,317,460 Placing Shares and 15,393 Retail Offer Shares, resulting in a total of 9,332,853 new Ordinary Shares, will, subject to the passing of the Resolutions at the General Meeting, be issued in relation to the Fundraising.

 

The Placing and Retail Offer remain subject to, inter alia, the passing of certain Resolutions at a General Meeting of the Group on 16th October 2024.

 

Application will be made for the Placing Shares and the Retail Offer Shares to be admitted to trading on AIM and, subject to the passing of the Resolutions, it is expected that Admission will become effective and that dealings in the Placing Shares and Retail Offer Shares will commence at 8.00 a.m. on 17th October 2024.

 

Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 95,898,336.  There are no Ordinary Shares held in treasury and therefore the total number of voting rights in the Company is expected to be 95,898,336. The above 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Capitalised terms used in this announcement have the meanings given to them in the Circular posted to Shareholders on 30th September 2024, unless context provides otherwise.

 

 

- End -

 

For further information please visit www.tenlifestylegroup.com or call:

 

Ten Lifestyle Group plc

Alex Cheatle, Chief Executive Officer

Alan Donald, Chief Financial Officer

 

+44 (0)20 7850 2796

 

 

 

 

Singer Capital Markets Advisory LLP, Nominated Advisor, Broker and Retail Offer Coordinator

Corporate Finance: James Moat / Oliver Platts

Corporate Broking: Tom Salvesen / Charles Leigh-Pemberton

 

 

+44 (0) 20 7496 3000

 

Notes to Editors:

About Ten Lifestyle Group Plc

 

Ten Lifestyle Group plc partners with financial institutions and other premium brands to attract and retain wealthy and mass affluent customers.

 

Millions of members have access to Ten's services across lifestyle, travel, dining and entertainment on behalf of over fifty clients including HSBC, Swisscard and Royal Bank of Canada. Ten's partnerships are based on multi-year contracts generating revenue through platform-as-a-service and technology fees.


Ten's operations are underpinned by an increasingly sophisticated personalisation platform comprising industry-first, proprietary technology, thousands of supplier relationships and 25 years of proprietary expertise delivered from over 20 global offices. Ten was also the first B Corp-certified company on the AIM market, demonstrating its commitment to sustainability, social responsibility and ethical business practices.

 

​Ten is on a mission to become the most trusted service platform in the world.

 

For further information please go to: www.tenlifestylegroup.com.

 

Important Notices

 

The content of this announcement has been prepared by, and is the sole responsibility of, the Company.

 

This announcement and the information contained herein is restricted and is not for publication, release or distribution, directly or indirectly, in whole or in part, in or into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia, Australia, Canada, Japan, New Zealand, the Republic of South Africa or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction.

 

The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

 

Singer Capital Markets Securities Limited ("Singer"), which is authorised and regulated in the United Kingdom by the FCA is acting exclusively for the Company and no-one else in connection with the transactions and arrangements described in this announcement and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the transactions and arrangements described in this announcement. Singer is not responsible to anyone other than the Company for providing the protections afforded to clients of Singer or for providing advice in connection with the contents of this announcement, or the transactions and arrangements described in this announcement.

 

Singer Capital Markets Advisory LLP ("SCM Advisory"), which is authorised and regulated in the United Kingdom by the FCA, is acting as Nominated Adviser to the Company for the purposes of the AIM Rules and no-one else in connection with the arrangements described in this announcement and will not be responsible to any other person (whether or not a recipient of this announcement) as a client in relation to the transactions and arrangements described in this announcement. SCM Advisory is not responsible to anyone, other than the Company, for providing the protections afforded to clients of SCM Advisory or for providing advice in connection with the contents of this announcement or the transactions and arrangements described herein. SCM Advisory's responsibilities as the Company's Nominated Adviser under the AIM Rules for Nominated Advisers published by the London Stock Exchange plc are owed solely to the London Stock Exchange plc and are not owed to the Company or to any director or to any other person.

 

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this announcement. The Retail Offer Shares to be issued or sold pursuant to the Retail Offer will not be admitted to trading on any stock exchange other than AIM.

 

 

 

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