Appointment of Nominated Adviser

RNS Number : 5680J

Anexo Group PLC

27 April 2022

 

For immediate release

27 April 2022

Anexo Group plc

('Anexo' or the 'Group')

Appointment of Nominated Adviser

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, is pleased to announce the following changes to its advisory team with immediate effect.

Further to the announcements by Arden Partners Plc on 11 and 14 April 2022 regarding the loss of its nominated adviser status upon the completion of its recommended takeover, the Company has appointed WH Ireland Limited as its nominated adviser. Given the timing of the completion of the recommended takeover of Arden Partners Plc, the Exchange has agreed that subject to initial due diligence being undertaken, WH Ireland Limited has until 5pm on 27 July 2022 to complete its full due diligence.

There can be no guarantee on the outcome of the full due diligence and its impact on WH Ireland Limited's decision to continue to act as nominated adviser. Accordingly, in such circumstances there is a risk that if WH Ireland Limited does not continue to act as nominated adviser following completion of its full due diligence and the Company has not found an alternative nominated adviser, the Company's AIM securities may be suspended pursuant to AIM Rule 1. If within one month of that suspension, the Company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled.

Notwithstanding the extension of time provided in respect of completing full due diligence obligations at engagement, WH Ireland Limited will continue to be subject to all the ongoing nominated adviser responsibilities under the AIM Rules for Nominated Advisers. Arden Partners Plc will continue to act as Joint Corporate Broker to Anexo.

- Ends -

For further enquiries:

Anexo Group plc	[phone] www.anexo-group.com
Alan Sellers, Executive Chairman Mark Bringloe, Chief Financial Officer Nick Dashwood Brown, Head of Investor Relations
WH Ireland Limited (Nominated Adviser & Joint Broker)
Chris Hardie / Darshan Patel / Enzo Aliaj (Corporate) Fraser Marshall / Harry Ansell (Broking)	[phone] www.whirelandplc.com/capital-markets
Arden Partners plc (Joint Broker)
John Llewellyn-Lloyd / Louisa Waddell (Corporate) Tim Dainton (Equity Sales)	[phone] www.arden-partners.co.uk

Notes to Editors:

Anexo is a specialist integrated credit hire and legal services provider.  The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm.  The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.

Through its dedicated Credit Hire sales team and network of 1,100 plus active introducers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services.  The Group's Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.

The Group was admitted to trading on AIM in June 2018 with the ticker ANX.

For additional information please visit: www.anexo-group.com

 

END

 

 

APPPPUWUCUPPGPM