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, THE REPUBLIC OF IRELAND, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

Autins Group plc

(the "Company" or the "Group")

Close of Bookbuild and Result of Placing

Autins Group plc (AIM: AUTG), the UK and European based manufacturer of the patented Neptune melt-blown material and specialist in the design, manufacture and supply of acoustic and thermal insulation solutions, is pleased to confirm that, further to the announcement earlier today, the bookbuilding process has now closed (the "Placing") and the Company has conditionally raised gross proceeds of £3.0 million through the Placing of 15,000,000 new ordinary shares at a price of 20 pence per share. The Placing Price represents a discount of 21.6% to the closing mid-market price of 25.5 pence per share on 18 November 2021. 

The Placing (details of which were provided in the Company's announcement published earlier today) is conditional on, inter alia, the passing of the Resolutions to be proposed at a General Meeting expected to be held at the Company's offices of Central Park Drive, Rugby, Warwickshire, CV23 0WE at 11.15 a.m. on 9 December 2021. A circular providing further details of the Placing and a notice convening the General Meeting will be sent to Shareholders on 22 November 2021 and will be available on the Company's website once published.

Directors and Substantial Shareholder participation in the Placing

Director Participation

The number of Placing Shares subscribed for by each of the Directors in the Placing, and their resulting shareholdings on Admission (on the basis that no ordinary shares are issued between the date of this announcement and Admission, other than the Placing Shares), are set out below:

Substantial Shareholder Participation

Schroders plc, Stonehage Fleming Investment Management Limited and Premier Miton Group each hold over 10 per cent. of the Company's existing issued share capital and consequently are considered to be related parties pursuant to Rule 13 of the AIM Rules. Schroders plc is subscribing for 5,470,000 Placing Shares, Stonehage Fleming Investment Management Limited is subscribing for 2,500,000 Placing Shares, and Premier Miton Group is subscribing for 2,850,000 Placing Shares, all at the Placing Price.

Each of the above subscriptions for Placing Shares constitute a related party transaction for the purposes of the AIM Rules. The Independent Directors, having consulted with Singer Capital Markets, the Company's nominated adviser, consider that the respective participations in the Placing by the substantial shareholders detailed above are fair and reasonable in so far as the Shareholders are concerned.

Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcement made by the Company on 19 November 2021 to announce the launch of the Placing.

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About Autins

Autins is the UK and European manufacturer of the patented Neptune melt-blown material and specialises in the design, manufacture, and supply of acoustic and thermal insulation solutions.