THE MARKETING GROUP PLC: Completion of Fund Raise
LONDON: 19 December 2018 – The Marketing Group plc (the “Company” or the “Group”), which trades as RYVL, is pleased to announce that, further to the announcement made on 6 December 2018 regarding the acquisition of Blockchain Nordic (the “Acquisition”), together with a share placing and conditional placing, that the unconditional share placing has been completed.
As outlined in the 6 December 2018 announcement, the Company has now completed an unconditional placing, which is not subject to shareholder approval, of 13,000,000 shares at a per share price of €0.0225 to raise €292,500.
Following the issue of these 13,000,000 new Shares the total issued ordinary share capital of TMG is 51,540,018 ordinary shares.
The Company is also pleased to announce that it has additionally received subscriptions covering a substaintial proportion of the conditional placing of 18,112,000 units (“Units”) comprising one share and one warrant to subscribe at €0.05 for a share at a per Unit price of €0.0225 (the “Conditional Placing”) and expects to close the Conditional Placing shortly.
The Conditional Placing and the issue of the shares in connection with the Acquisition requires shareholder approval at a General Meeting. A circular containing full details and convening the General Meeting will be sent to shareholders in due course following the completion of the required UK regulatory procedures and an appropriate announcement made.
Adam Graham, Executive Chairman, The Marketing Group plc, commented: "We are delighted with the investor support shown for the fund raisings. These funds together with the acquisition of Blockchain Nordic will provide a powerful springboard for the Group to launch into 2019 with increased scale, renewed focus and positive momentum.”
This information is information that The Marketing Group plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 CET on 19 December 2018.
About RYVL
RYVL is the operating name of The Marketing Group Plc. (https://ryvl.com/)
RYVL is a global network of complementary marketing businesses. It is building a lean and technology centric approach to providing a global marketing solution, fit for the needs of modern brands.
The Marketing Group Plc (Ticker: TMG.ST) is listed on Nasdaq First North, Stockholm www.RYVL.com
Mangold Fondkommission AB, +46 8-5030 15 50, is the Company’s Certified Adviser and liquidity provider.
Investor Relations
Tim Metcalfe
Miles Nolan
Phone: +44 (0) 203 934 6630
Email: ir@ryvl.com