TIDMSOS
RNS Number : 3427Q
Sosandar PLC
17 February 2023
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, THE REPUBLIC OF IRELAND, SINGAPORE 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 THE EU REGULATION 2014/596/EU ("MAR") AND ARTICLE 7
OF MAR AS INCORPORATED INTO UK DOMESTIC LAW PURSUANT TO THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN .
17 February 2023
Sosandar plc
("Sosandar" or the "Company")
Result of Retail Offer
Further to the announcements on 08 February 2023 and this
morning at 7:00 a.m., Sosandar plc (AIM: SOS), one of the fastest
growing fashion brands in the UK, creating quality, trend-led
products for women of all ages, is pleased to announce that it has
raised gross proceeds of approximately GBP500,000 pursuant to a
significantly oversubscribed Retail Offer via the Bookbuild
platform from existing shareholders. A total of 2,272,727 Retail
Offer Shares will be issued at 22 pence per Retail Offer Share.
A llocations were made to existing Shareholders applying the
principles of soft pre-emption with existing Shareholders receiving
100% of their soft pre-emptive allowance. Where an order was
greater than the soft pre-emptive allowance, shareholders received
c.30% of their additional demand.
Consequently, an application has been made to the London Stock
Exchange for the admission of 2,272,727 Retail Offer Shares to
trading on AIM. Retail Offer Admission is expected to take place
and dealings are expected to commence in the Retail Offer Shares at
8.00 a.m. on or around 21 February 2023.
The Retail Offer Shares, when issued, will be fully paid and
will rank pari passu in all respects with the existing Ordinary
Shares, including the right to receive all dividends and other
distributions declared, made or paid after the date of issue.
Following Retail Offer Admission, the Company's issued and fully
paid share capital will consist of 248,226,513 Ordinary Shares, all
of which carry one voting right per share. The Company does not
hold any Ordinary Shares in treasury. Therefore, the total number
of Ordinary Shares and voting rights in the Company will be
248,226,513. This figure may be used by Shareholders 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 Company under the FCA's Disclosure Guidance and
Transparency Rules.
Save as otherwise defined, capitalised terms used in this
announcement have the meanings given to them in the announcement
released by the Company at 7.00a.m. 08 February 2023.
Enquiries
Sosandar plc www.sosandar.com
Julie Lavington / Ali Hall, Joint CEOs c/o Alma PR
Steve Dilks, CFO
Singer Capital Markets
Peter Steel / Alaina Wong / Alex Emslie /
Tom Salvesen +44 (0) 20 7496 3000
Alma PR Limited (Financial PR) +44 (0) 20 3405 0205
Sam Modlin / Matthew Young sosandar@almapr.co.uk
About Sosandar PLC
Sosandar is one of the fastest growing women's fashion brands in
the UK targeting style conscious women who have graduated from
price-led alternatives. The Company offers this underserved
audience fashion-forward, affordable, quality clothing to make them
feel sexy, feminine, and chic. The business sells predominantly
own-label exclusive product designed in-house.
Sosandar's product range is diverse, providing its customers
with an array of choice for all occasions across all women's
fashion categories. The company sells through Sosandar.com and has
brand partnerships in place with Next, John Lewis, Marks &
Spencer, The Very Group, JD Williams and J Sainsbury.
Sosandar's strategy is to continue growing brand awareness and
expand its customer database, whilst also further driving its high
levels of customer retention. This is achieved through its
exceptional products, seamless customer experience and impactful,
lifestyle marketing activities all of which is underpinned by
combining innovation with data analysis.
Sosandar was founded in 2016 and listed on AIM in 2017. More
information is available at www.sosandar-ir.com
Important Notice
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 not
for release, publication 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 (the "United States" or "US")),
Australia, Canada, the Republic of South Africa, the Republic of
Ireland, Singapore, Hong Kong or Japan or any other jurisdiction
where to do so might constitute a violation of the relevant laws or
regulations of such jurisdiction.
The Retail Offer Shares have not been and will not be registered
under the US Securities Act of 1933, as amended (the "US Securities
Act") or under the applicable state securities laws of the United
States and may not be offered or sold directly or indirectly in or
into the United States or to or for the account or benefit of any
US person (within the meaning of Regulation S under the US
Securities Act) (a "US Person"). No public offering of the Retail
Offer Shares is being made in the United States. The Retail Offer
Shares are being offered and sold outside the United States in
"offshore transactions", as defined in, and in compliance with,
Regulation S under the US Securities Act. In addition, the Company
has not been, and will not be, registered under the US Investment
Company Act of 1940, as amended.
This announcement does not constitute an offer to sell or issue
or a solicitation of an offer to buy or subscribe for Retail Offer
Shares in the United States, Australia, Canada, the Republic of
South Africa, the Republic of Ireland, Singapore, Hong Kong or
Japan or any other jurisdiction in which such offer or solicitation
is or may be unlawful. No public offer of the securities referred
to herein is being made in any 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
solely for the Company and no-one else in connection with the
Retail Offer, Retail Offer Admission and 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 Retail Offer or 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, the Retail
Offer 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 Retail Offer and
the transactions and 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
Retail Offer or 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, the Retail Offer or the transactions
and arrangements described in this announcement. SCM Advisory's
responsibilities as the Company's nominated adviser under the AIM
Rules for Nominated Advisers are owed solely to the London Stock
Exchange and are not owed to the Company or to any Director or to
any other person.
The value of Ordinary Shares and the income from them is not
guaranteed and can fall as well as rise due to stock market
movements. When you sell your investment, you may get back less
than you originally invested. Figures refer to past performance and
past performance is not a reliable indicator of future results.
Returns may increase or decrease as a result of currency
fluctuations.
The information in this announcement is for background purposes
only and does not purport to be full or complete. None of Singer,
SCM Advisory or any of its affiliates, accepts any responsibility
or liability whatsoever for, or makes any representation or
warranty, express or implied, as to this announcement, including
the truth, accuracy or completeness of the information in this
announcement (or whether any information has been omitted from the
announcement) or any other information relating to the Company or
associated companies, whether written, oral or in a visual or
electronic form, and howsoever transmitted or made available or for
any loss howsoever arising from any use of the announcement or its
contents or otherwise arising in connection therewith. Singer, SCM
Advisory and its affiliates, accordingly disclaim all and any
liability whether arising in tort, contract or otherwise which they
might otherwise be found to have in respect of this announcement or
its contents or otherwise arising in connection therewith.
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 the AIM market of the
London Stock Exchange.
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END
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February 17, 2023 10:54 ET (15:54 GMT)
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