Source - LSE Regulatory
RNS Number : 5432S
Roebuck Food Group PLC
06 November 2023
 

6 November 2023

ROEBUCK FOOD GROUP PLC

Placing and related Subscription

Director Participation

 

Roebuck Food Group plc (AIM: RFG) a group focused on growth and innovation within the food and agribusiness sectors (the "Company" or, "Roebuck") refers to its announcements on 3 November 2023 of the conditional agreement to acquire Moorhead & McGavin Limited ("the Acquisition") and a placing and related subscription to raise £2,500,000 by the issue of new ordinary shares of the Company ("the Fundraising"), in which it was noted that certain directors of the Company had agreed to subscribe for new ordinary shares of the Company, and to the circular to shareholders with notice of extraordinary general meeting of the Company being posted today to shareholders in relation to the .Acquisition and the Fundraising.

The participation in the Fundraising by Chairman and Director Ted O'Neill whereby he has agreed to subscribe for 1,777,777 ordinary shares in the Company at the Placing Price of 13.5 pence (£240,000) will constitute a related party transaction for the purposes of the AIM Rules.

The directors of the Company (Mr O'Neill excepted) consider, having consulted with the Company's nominated adviser Davy, that the terms of this subscription, being on identical terms to that for all other placees, is fair and reasonable insofar as its shareholders are concerned.

The directors of the Company accept responsibility for this announcement.

Enquiries:

Roebuck Food Group plc

Aidan Hughes, Deputy Chairman                   Telephone: + 44 1293 862 498

J & E Davy (Nomad)

Anthony Farrell                                               Telephone: + 353 1 679 6363

 

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