Date:
03 February 2025
Castelnau
Group Limited
(“Castelnau”
or the “Company”)
Further
issue of equity in relation to Farewill
On the
17 October 2024, the Company
announced that its portfolio company Dignity, a leading end-of-life
service provider in the UK, was acquiring Farewill Limited, an
award-winning leader in digital end-of-life services.
As noted
in the prior announcement, the acquisition will be financed through
a share-for-share exchange, with the majority of Farewill
shareholders becoming Castelnau shareholders. In exchange,
Castelnau will acquire an additional 5.6 million shares in
Valderrama Limited, the joint venture with Sir Peter Wood's SPWOne Limited that holds
Castelnau's stake in Dignity. This transaction will increase
Castelnau's ownership from 65% to 66% of Valderrama's issued share
capital.
Castelnau
today announces that, following FCA and SRA approval of the
acquisition, the acquisition has completed, and 9,622,167 ordinary
shares (the “Ordinary Shares”) have been issued, conditional upon
admission (“Admission”), to the relevant Farewill shareholders.
Application has been made for the Admission of such new Ordinary
Shares in the capital of the Company to trading on the Specialist
Fund Segment of the Main Market of the London Stock Exchange, with
Admission expected to take effect from 8.00
a.m. on 5th
February 2025.
Following
Admission, the Company’s issued share capital will consist of
332,451,589 Ordinary Shares, with no shares held in treasury.
Therefore, the total number of shares with voting rights in the
Company will be 332,451,589. This figure may be used by
shareholders 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 Company under the FCA's
Disclosure Guidance and Transparency Rules.
Enquiries:
Castelnau
Group
Richard Brown - CEO
info@castelnaugroup.com
Phoenix
Asset Management Limited
+44 (0)
208 600 0100
Gary Channon
Steve Tatters
Gina Bocek
Panmure
Liberum Limited
+44 (0) 20
3100 2000
Darren Vickers
Will King
Citigate
Dewe Rogerson
+44 (0) 20
7638 9571
Caroline Merrell
Alex Winch
