Bermele PLC Admission to Main Market of London Stock Exchange (5800F)
July 19 2021 - 2:00AM
UK Regulatory
TIDMEISB
RNS Number : 5800F
Bermele PLC
19 July 2021
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DISTRIBUTE THIS ANNOUNCEMENT.
For Immediate Release 19 July 2021
Bermele Plc (to be renamed East Imperial plc )
("East Imperial" or "the Company")
Admission to the Main Market of London Stock Exchange
First Day of Dealing
East Imperial, the purveyor of ultra premium beverages, is
pleased to announce its admission to the Standard Listing segment
of the Official List and to trading on the Main Market of the
London Stock Exchange. The Company's shares will commence trading
at 8.00 a.m. today under the ticker EISB (ISIN: GB000BMZ1ND56),
initially under the name of Bermele plc until the change of name to
East Imperial plc, which was approved by shareholders at the
General Meeting on 16 July 2021, is effective.
Upon Admission, Bermele Plc will complete the acquisition of
East Imperial for an aggregate consideration of GBP24.45m. Founded
in New Zealand in 2012, East Imperial produces and markets a line
of ultra-premium beverages that are currently sold throughout
Asia-Pacific and the United States of America. East Imperial's
range utilises all-natural ingredients, low natural sugar content,
and a genuine 1903 East African family recipe.
The Company raised gross proceeds of GBP3 million by way of an
oversubscribed Placing by Optiva Securities Ltd who acted as sole
broker to the Placing, at an issue price of 10 pence per share. The
net proceeds will be used to support the Company's continuing
expansion including further development of its e-commerce platform
and new product development.
Anthony (Tony) Burt, CEO of East Imperial, said:
"I'm delighted that East Imperial will commence trading on the
London Stock Exchange today. It marks the start of the next chapter
of expansion for our business as we look to capitalise on the
increasing demand for ultra-premium mixers across the globe. I'm
grateful for all the support shown by our existing and new
investors and look forward to the exciting prospects for our
business in the years ahead."
Total Voting Rights
Following Admission, the Company will have 298,990,635 ordinary
shares of 1p each in issue, each with equal voting rights. The
figure of 298,990,635 should be used by shareholders in the Company
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 Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Further information can be found on the Company's website:
www.eastimperial.co.uk
Capitalised terms not otherwise defined in this announcement
have the same meaning ascribed to them in the Prospectus, which was
published on 30 June 2021.
Enquiries:
Optiva Securities Limited
Robert Emmet +44 (0) 20 3981 4173
MHP Communications (for +44 (0) 770 932 6261
East Imperial) +44 (0) 7585 301 464
Peter Hewer eastimperial@mhpc.com
Rachel Mann
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END
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