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N Brown Group PLC announced it will issue 2,841,787 ordinary shares of 11 1/19 pence each to its Employee Benefit Trust to satisfy share awards vesting on 7 August 2023. An application has been made for these new shares to be admitted to trading on AIM, with dealings expected to commence at 8:00 a.m. on 3 August 2023. Following admission, the company's total voting rights will comprise 463,325,018 Ordinary Shares.
| Date | 2 Aug 2023 |
| Time | 07:00:03 |
| Category | Capital structure |
| ID | 9779H |
2 August 2023
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 2,841,787 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 which vest on 7 August 2023.
An application for the admission of the 2,841,787 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 3 August 2023 ("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 463,325,018 Ordinary Shares and the Company does not hold any shares in treasury. Consequently, 463,325,018 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:
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N Brown Group |
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David Fletcher, Head of Investor Relations |
+44 (0)7876 111242
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MHP |
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James McFarlane/ Eleni Menikou / Charles Hirst |
+44 (0) 20 3128 8789 |
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Shore Capital - Nomad and Broker |
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Stephane Auton / Daniel Bush / Rachel Goldstein |
+44 (0) 20 7408 4090 |
About N Brown Group:
N Brown is a top 10 UK clothing & footwear digital retailer headquartered in Manchester and employing over 1,700 people nationwide. Through our strategic retail brands including JD Williams, Simply Be and Jacamo, we take pride in championing inclusivity. Our customer-first shopping experience, supported by our innovative financial services proposition, is designed to deliver choice, affordability, and value to our customers.