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30 March 2022

Oberon Investments Group plc

('Oberon', or the 'Company')

Placing to raise £3.4 million at 6p per share

Oberon Investments Group plc (AQSE: OBE), the boutique investment management, wealth planning and corporate broking group, is pleased to announce that, following the positive trading update on 17 March 2022, the Company has successfully raised gross proceeds of £3.4m by way of a placing of 56,816,128 new ordinary shares at a price of 6 pence per share (the 'Placing'). The Placing was significantly oversubscribed by new and existing institutional investors, as well as other investors.  The Placing was completed at a premium of 4.3% compared to the mid-market price of the Company's shares at the close of business on 29 March 2022. The Placing Shares are being issued under the Company's existing share authorities.

The net proceeds of the Placing will be applied to support the expansion of the Company's fast growing Corporate Finance Advisory business, as well as its Wealth Management business and to also support a number of new products and services including Oberon's first EIS fund and an IHT fund later this year.

Admission to Trading on AQSE and Total Voting Rights 

Application will be made for the Placing Shares, which will rank pari passu with the existing ordinary shares, to be admitted to trading on AQSE, with admission expected to become effective on 31 March 2022.

Following the Placing, the total issued share capital of the Company will be 469,060,613 ordinary shares, with no shares in Treasury. Therefore, the total current voting rights in the Company following Admission will be 469,060,613 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Simon McGivern, CEO of Oberon, commented: "I am delighted to have received such strong support for this successful fundraise from new and existing institutional shareholders, reflecting both the success and speed of Oberon's growth strategy. The new funding now gives us the opportunity to consolidate Oberon's position and become a leading player in our chosen markets."

The directors of Oberon accept responsibility for this announcement.  

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

Enquiries: 

Notes for editors

Oberon operates in the UK wealth and fund management sector and in the corporate broking and financial advisory sectors. Since Oberon Investments Ltd was established in April 2017, Oberon group's FUMA has grown to in excess of £1bn in February 2022. This has been achieved organically by adding new clients and new fund managers, attracted by the emerging brand and by a number of small, selective and accretive acquisitions. Oberon Capital, the corporate broking division, launched in June 2020, provides advice and raises capital for companies from seed and early-stage funding through to IPO and beyond.