TIDMEVST 
 
Everest Global plc 
 
(the "Company") 
 
Update re Publication of Prospectus 
 
During the period from 3 October 2022 to 25 January 2023, the Company raised a 
total of £1.35 million through the issue of 25,726,000 ordinary shares of £0.02 
each in the capital of the Company ("Ordinary Shares") for working capital 
purposes and, through the exercise of 5,971,000 convertible loan notes together 
with accrued interest, into 13,373,141 Ordinary Shares. The number of Ordinary 
Shares issued (being 39,099,141) exceeds 20 per cent. of the number of 
securities in the Company already admitted to trading on the Main Market of the 
London Stock Exchange Group Plc ("LSE"), being the maximum amount permitted 
under Prospectus Regulation Rule 1.2.4. The Company is therefore preparing a 
prospectus in order to comply with the requirements of Prospectus Regulation 
Rule 1.2.4 and with the Listing Rules, following which, the 39,099,141 Ordinary 
Shares will be admitted to the Official List (by way of a Standard Listing under 
Chapter 14 of the Listing Rules) and to trading on the Main Market of the LSE in 
accordance with Listing Rule 14.3.4R. 
 
Under Listing Rule 14.3.4R, where shares of the same class as shares that are 
listed are allotted, an application for admission to listing of such shares must 
be made as soon as possible and in any event within one year of the allotment. 
 
The Company is aware that under Listing Rule 14.3.4R it is required to make an 
application for admission of the 39,099,141 Ordinary Shares by no later than the 
close of business on 2 October 2023. However, due to delays in the Company's 
audit for the year ended 31 October 2022 (details of which can be found in the 
Company's announcement dated 21 February 2023), the Company is unable to meet 
this deadline and as such publication of the prospectus will be delayed. 
 
The Company is working hard with its advisers to finalise the prospectus as soon 
as possible and the Company will update the market in due course. 
 
This announcement contains inside information for the purposes of Article 7 of 
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the 
European Union (Withdrawal) Act 2018). 
 
The directors of the Company accept responsibility for the content of this 
announcement. 
 
For further information please contact: 
 
Everest Global plc 
 
Andy Sui, Chief Executive        +44 (0) 776 775 1787+27 (0)84 6006 001 
OfficerRob Scott, Non-Executive 
Director 
 
Cairn Financial Advisers LLP 
Jo Turner / Emily Staples        +44 (0) 20 7213 0885 / +44 (0)20 7213 0897 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/everest-global-plc/r/update-re-publication-of-prospectus,c3841222 
 
 
END

(END) Dow Jones Newswires

September 25, 2023 04:21 ET (08:21 GMT)

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