Essentially Grp PLC - Approval - Notes Offering - Vienna Stock Exchange
Announcement provided by
Essentially Group PLC · ESSN18/06/2024 07:00
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The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
18 June 2024
Essentially Group PLC
(the "Company" or "Essentially")
Approval of Notes Offering by the Vienna Stock Exchange
Essentially Group PLC, a leading health food company in the
The Notes, which mature in 2027, have a cash coupon with an interest rate of 12% per annum payable semi-annually and are secured by fixed and floating charges over corporate assets of the Company.
The proceeds from the offering of the Notes are to be used by the Company to fund new machinery, facility expansions, increased automation in the manufacturing process and increasing productivity capacity and lowering costs. Further, funds are also expected to be deployed towards research and development of new products, as well as marketing and business development.
Raja Wail Abuljebain, Chief Executive Officer of Essentially, commented: "We are very pleased that our Notes have been approved for listing by the Vienna MTF. This Note offering forms a key part of our strategy for 2024 and beyond, allowing us to expand our operations to meet newly won contracts and improve our operational efficiency. "
The Directors accept responsibility for this announcement.
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For further information, please contact:
Essentially Group Plc |
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Raja W Abuljebain, CEO |
Tel: +97156 6440676 |
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https://essentiallyplc.com |
AQSE Exchange Corporate Adviser |
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Alfred Henry Corporate Finance Ltd |
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Nick Michaels/Maya Klein Wassink |
Tel: +44 (0) 20 3772 0021 |
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Broker |
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Clear Capital Markets Ltd |
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Andrew Blaylock |
Tel: +44 (0)20 3869 6082 |
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https://clearcapitalmarkets.co.uk |
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