Board Update, Equity Issue & Total Voting Rights

Barkby Group PLC

15 May 2023

 

Barkby Group PLC

("Barkby", the "Group" or the "Company")

Board Update, Issue of Equity and Total Voting Rights

Barkby, (AIM:BARK) announces that Jeremy Sparrow has stepped down from the Board and as a Non-Executive Director of the Group with immediate effect. A new Non-Executive Director appointment is currently under consideration.

Charles Dickson, Chairman of Barkby, said:

"The Board thanks Jeremy for his significant contribution to the Group over the last seven years and wishes him well in his future endeavours.

"Jeremy's guidance as we refocus the Company's activities on real estate opportunities has been invaluable. Our search for a new Non-Executive Director is underway and will ensure the Board retains the right balance of skills and experience to support the successful implementation of our strategy."

Issue of Equity

Barkby has today issued and allotted, in aggregate, 416,666 new Ordinary Shares of £0.00860675675675676 each in the capital of the Company, ("Ordinary Shares") to Douglas Alexander Benzie, a Director of the Company, in relation to an agreed equity grant upon completion of three years' service.

Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM, ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 am on 18 May 2023. The new Ordinary Shares will rank pari passu with the Company's existing shares.

Total Voting Rights

Following Admission the Company's issued share capital consists of 143,677,804 Ordinary Shares, each with voting rights. The Company does not hold any shares in treasury, therefore the total number of voting rights in the Company is 143,677,804, which may be used by shareholders 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 FCA's Disclosure Guidance and Transparency Rules.

The Notification of Dealing Form set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Douglas Alexander Benzie
2.	Reason for the notification
a)	Position/status:	Chief Financial Officer
b)	Initial notification/Amendment:	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Barkby Group plc
b)	LEI:	213800X57YXZVILB9E84
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	Ordinary Shares of £0.00860675675675676 GB00BL6TZZ70
b)	Nature of the transaction:	Issue of Ordinary Shares
c)	Price(s) and volume(s):	Price(s) pence Volume(s) £0.0086067p 416,666
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 (c) above
e)	Date of the transaction:	12 May 2023
f)	Place of the transaction:	Off market transaction

- Ends -

Enquiries:

Barkby Group PLC Charles Dickson, Executive Chairman Douglas Benzie, Chief Financial Officer c/o Montfort Communications
finnCap Ltd (Nomad and Broker) Carl Holmes/Simon Hicks (Corporate Finance) Tim Redfern (ECM)	[phone]
Montfort Communications Olly Scott Georgia Colkin	[phone]

Notes to editors

Barkby Group PLC is focused on commercial property development and investment, alongside its pubs business. Barkby is in the process of disposing of its Investments comprising of Workshop Coffee and Cambridge Sleep Sciences.

 

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