TIDMFLK

RNS Number : 0264D

Fletcher King PLC

28 February 2022

Fletcher King plc

("Fletcher King" or "the Company")

Update on Conditional Placing of New Ordinary Shares and Conditional Director Dealing

Further to the announcements of 4 October 2021 regarding the Conditional Placing and Conditional Director Dealing, Fletcher King announces that FCA controller approval has now been received for Elliott Bernerd and CM Strategic 613 Limited.

As a result, the placing of a total of 1,042,430 new ordinary shares of 10 pence each (the "Placing Shares") at a price of 52.5 pence per share to raise GBP547,276 before expenses (the "Placing") to CM Strategic 613 Limited and the sale by the Company's three largest shareholders of part of their existing shareholdings in Fletcher King at a sale price of 52.5 pence per share, to CM Strategic 613 Limited (the "Share Sale") are anticipated to complete by Thursday.

A further announcement will be made shortly.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

Enquiries

Fletcher King plc

David Fletcher / Peter Bailey

Tel: 0207 493 8400

Cairn Financial Advisers LLP

James Caithie / Liam Murray

Tel: 020 7213 0880

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOEZZGZZGRVGZZM

(END) Dow Jones Newswires

February 28, 2022 05:27 ET (10:27 GMT)

Fletcher King (LSE:FLK)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Fletcher King Charts.
Fletcher King (LSE:FLK)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Fletcher King Charts.