REG - Brown (N.) Group PLC - Issue of equity and total voting rights

N BrownAnnouncement

02/08/2024 07:00

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RNS Number : 8955Y  Brown (N.) Group PLC  02 August 2024

 

N Brown Group PLC

 

Issue of equity and total voting rights

 

N Brown Group Plc ("N Brown" or the "Company"), a top 10 UK clothing &
footwear digital retailer, announces that it will issue a total of 4,306,393
ordinary shares of 11 1/19 pence each in the Company ("Ordinary Shares") to
the Company's Employee Benefit Trust to satisfy the exercise of share awards
previously granted to employees under the Company's 2014 Long Term Incentive
Plan and N Brown Group plc Share Plan which vest on 6 August 2023.

An application for the admission of the 4,306,393 Ordinary Shares ("New
Ordinary Shares") to trading on AIM has been made and dealings in the New
Ordinary Shares are expected to commence at 8.00 a.m. on 5 August 2024
("Admission"). The New Ordinary Shares will rank pari-passu with the Company's
existing issued ordinary shares.

Following Admission, the Company's share capital and total voting rights
comprises 467,631,411 Ordinary Shares and the Company does not hold any shares
in treasury. Consequently, 467,631,411 is the figure which may be used by
shareholders as the denominator for the calculation by which they will
determine if they are required to notify their interest in, or a change to
their interest in, N Brown under the FCA's Disclosure Guidance and
Transparency Rules.

For further information:

 N Brown Group
 David Fletcher, Head of Investor Relations  +44 (0)7876 111 242

 Hawthorn
 Henry Lerwill                               +44 (0)7894 608 607

 Simon Woods                                 +44 (0)7719 078 196

                                             nbrown@hawthornadvisors.com

 

 Shore Capital - Nomad and Broker

 Stephane Auton / Daniel Bush / Rachel Goldstein   +44 (0) 20 7408 4090

 Fiona Conroy (Corporate Broking)

 

About N Brown Group:

N Brown is a top 10 UK clothing and footwear digital retail platform, with a
home proposition, headquartered in Manchester and employs around 1,700 people
nationwide.  Through our strategic retail brands including JD Williams,
Simply Be and Jacamo, we exist to make our customers look and feel amazing,
and take great pride in passionately championing inclusion and serving the
under-served. Our customer-first shopping experience, supported by our
innovative financial services proposition, is designed to deliver choice,
affordability, and value to our customers, and allows us to be truly inclusive
and accessible.

 

 

 

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