01 March
2024
Kitwave Group
plc
("Kitwave", the "Group" or the "Company")
Exercise
of Warrants & Total Voting Rights
Kitwave Group plc (AIM: KITW), the
delivered wholesale business, today announces that
it has allotted and issued 111,000 ordinary shares of 1 pence each
in the Company ("Ordinary Shares") pursuant to an exercise of
warrants. The Company has made an application for the 111,000
Ordinary Shares to be admitted to trading on AIM ("Admission").
Admission is expected to become effective on 7 March 2024. Further
detail on the warrants is set out on page 132 of the Company's AIM
Admission document, which is available for download on its
website.
Following Admission, the Company
will have 70,111,111 Ordinary Shares in issue, each with voting
rights, which 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 to
their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules. The Company does not hold any Ordinary Shares in
Treasury.
- Ends
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For further information please
contact:
|
Kitwave Group plc
Paul Young, Chief Executive
Officer
David Brind, Chief Financial
Officer
www.kitwave.co.uk
|
Tel: +44 (0) 191 259 2277
|
|
Canaccord Genuity
Limited
(Nominated Adviser and Sole Broker)
Bobbie Hilliam
Alex Orr
|
Tel: +44 (0) 20 7523 8150
|
|
Yellow Jersey PR
(Financial media and PR)
Sarah Hollins
Shivantha Thambirajah
Bessie Elliot
|
Tel: +44 (0) 20 3004 9512
|
Company Overview
Founded in 1987, following the acquisition of a single-site
confectionery wholesale business based in North Shields, United
Kingdom, Kitwave is a delivered wholesale business, specialising in
selling and delivering impulse products, frozen, chilled and fresh
foods, alcohol, groceries and tobacco to approximately 42,000,
mainly independent, customers.
With a network of 30 depots, Kitwave
is able to support delivery throughout the UK to a diverse customer
base, which includes independent convenience retailers, leisure
outlets, vending machine operators, foodservice providers and other
wholesalers, as well as leading national retailers.
The Group's growth to date has been
achieved both organically and through a strategy of acquiring
smaller, predominantly family-owned, complementary businesses in
the fragmented UK grocery and foodservice wholesale
market.
Kitwave Group plc (AIM: KITW) was
admitted to trading on AIM of the London Stock Exchange on 24 May
2021.
For further information, please
visit: www.kitwave.co.uk.