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NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF IRELAND, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW.
This announcement is an advertisement and not an admission document or a prospectus. It does not constitute or form part of, and should not be construed as, an offer to sell or issue, or a solicitation of any offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the admission document (the “Admission Document”) published by LocoSoco Group PLC (the “Company”) on 3 December 2018 in connection with the proposed admission of the ordinary shares of 25 pence each in the capital of the Company (the “Ordinary Shares”) to trading on Wiener Borse, an internationally recognised and respected market in order to satisfy the liquidity requirements of existing shareholders and to enhance the potential for further fundraising to provide working capital to support the management’s ambitions for expansion. Copies of the Admission Document are available during normal business hours on any day (except Saturdays, Sundays and public holidays) from the registered office of the Company and on the Company’s website.
Admission to Trading on Wiener Borse and First Day of Dealings
LocoSoco Group PLC, a provider of goods and services to local enterprise and enabler of community owned supply chains is pleased to announce the admission today of its Ordinary Shares to trading on the Wiener Borse market, Vienna (“Admission”) under the ticker “LOCO”. Keswick Global AG, of Hoffingergasse 16/1/6 A – 1120, Vienna, Austria is acting as Capital Market Coach and Broker to the Company in relation to Admission.
- Dealings in the Ordinary Shares will commence today under the Wiener Borse Ticker “LOCO” with the ISIN GB00BD5BTL23
- On 18 September 2018, the Company entered into a Subscription agreement under which 1,000,000 new ordinary shares are to be issued at 25 pence per share on a date two months after the date of Admission to raise £250,000 gross.
- With 12,152,701 new Ordinary Shares at 25 pence in issue and 3 million warrants also issued at 25p, the Company’s market capitalisation as at Admission, based on the Placing Price, is £3.78 million.
- On 22 November 2018, the Company issued 1,000,000 new ordinary shares at 25 pence per share under a Subscription agreement raising £250,000 gross.
The Company’s Admission Document is available on request by emailing email@example.com
James Perry, CEO of LocoSoco Group Plc, commented:“Our admission to the Wiener Borse today represents a significant milestone for LocoSoco group and strongly positions the company to accelerate its growth plans.
LocoSoco is uniquely positioned to engage with local business and their communities, enabling all to benefit from and share in the value of the everyday transactions they make with each other, both online and in-store. There are significant opportunities for growth in this new economic model both in the UK and globally which we intend to capitalise on.
We are delighted with the backing shown by a wide number of investors and we thank them for their support and we very much look forward to life as a public company and to updating the market on our continued progress in the months and years ahead.”
LocoSoco Group PLC
James Perry, Chief Executive Officer
Alex Marks, Chief Marketing Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 538 0716
Via Brand Communications and Novus Communications Ltd
+44 (0)7976 431608
+44 (0)207 448 9839
Keswick Global AG (Capital Market Coach and Broker)
+44 (0)7990 511553