N Brown Group PLC, a top 10 UK clothing & footwear digital retailer, has announced the issuance of 4,306,393 ordinary shares to the Company's Employee Benefit Trust. These shares are being issued to satisfy the exercise of share awards previously granted to employees under the Company's 2014 Long Term Incentive Plan and N Brown Group plc Share Plan. The shares will be admitted to trading on AIM and are expected to commence dealings on 5 August 2024. They will rank pari-passu with the Company's existing issued ordinary shares.
Following the admission, the Company's share capital and total voting rights will comprise 467,631,411 Ordinary Shares, and the Company does not hold any shares in treasury. Shareholders may use this figure as the denominator for the calculation to determine if they are required to notify their interest in, or a change to their interest in, N Brown under the FCA's Disclosure Guidance and Transparency Rules.
For further information, investors can contact David Fletcher, Head of Investor Relations, or Hawthorn advisors. Shore Capital serves as the Nomad and Broker for N Brown Group.
This announcement provides insight into N Brown Group's recent equity issuance and its impact on the company's total voting rights, offering transparency to shareholders and potential investors.