Update

RNS Number : 0761E

Parsley Box Group PLC

25 October 2022

 

25 October 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF REGULATION (EU) NO 596/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 16 APRIL 2014 ON MARKET ABUSE (MARKET ABUSE REGULATION) AS RETAINED AS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AS AMENDED.

UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Parsley Box Group plc

("Parsley Box", the "Group" or the "Company")

Update

Parsley Box Group plc (AIM: MEAL), the direct to consumer provider of ready meals and other products focused on the 65+ demographic, today announces that its Board (the "Board"), is in the process of assessing the various potential sources of capital available to the Company to fund its medium term growth plans. This assessment includes consideration of whether the Company's status as a publicly traded company continues to be in the interests of shareholders as a whole. The Board currently consider that the cancellation of trading in the Company's ordinary shares of one penny each on AIM (a "Delisting")  may provide greater opportunities to raise any additional capital required by the Company in the future.  In its assessment, the Board will consider the interests of the Company's shareholders as a whole and, in doing so, have regard for its wider stakeholders.

Any such Delisting would be conditional on shareholder approval and there can be no certainty that proposals for a Delisting will be pursued by the Board at this time. The Board intends to continue discussions with key stakeholders and a further announcement will be made in due course.

The Board wishes to confirm that 2022 trading remains in line with market guidance and the Company has cash reserves in excess of £3.5m.

Enquiries:
Parsley Box  Holly McComb Kevin Dorren	Tel: [phone] Email: [e-mail]
finnCap (Nominated Adviser and Broker) Matt Goode / Charlie Beeson (Corporate Finance) Tim Redfern / Charlotte Sutcliffe (ECM)	Tel: [phone]

 

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