Unbound Group plc

UBG

GB0003085445

Internet Services

Delayed London S.E. Other stock markets 02:30:01 2023-07-17 am EDT			5-day change	1st Jan Change
0.75 ^GBX	-.--%		-.--%	-.--%

2023	EARNINGS AND TRADING: Kromek wins deals; First Class Metals optimistic	AN
2023	Unbound Group plc Announces Alastair Miller, Non-Executive Director, Has Stepped Down from the Board	CI

WoolOvers does not plan to make takeover bid for Unbound

April 25, 2023 at 11:32 am EDT

Unbound Group PLC - Lancashire, England-based footwear retailer - WoolOvers Group Ltd says it does not plan to make a takeover bid for Unbound. In late March, Unbound's share price soared 95% after it said it was in discussions with WoolOvers about a potential takeover offer at 10.5 pence per share, plus one contingent value right per Unbound share. At the time, it said that WoolOvers must announce a firm intention to make an offer, or say that it does not intend to make an offer for Unbound, by no later than Tuesday. This deadline will only be extended with the consent of the Takeover Panel. Also on Wednesday, Unbound said it had received a GBP10 million offer of investment from Marwyn Investment Management LLP via a placing at 10.5 pence per share. The fundraise is intended to be a cornerstone to a wider equity placing which would be open to all shareholders. The proposal is also conditional on the Takeover Panel waiving an obligation for Marwyn to make a general offer for Unbound which would otherwise be triggered by the placing, and the approval of Unbound shareholders.

Current stock price: 8.00 pence, down 11%

12-month change: down 79%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Unbound Group plc

EARNINGS AND TRADING: Kromek wins deals; First Class Metals optimistic	23-10-31	AN
Unbound Group plc Announces Alastair Miller, Non-Executive Director, Has Stepped Down from the Board	23-10-17	CI
Van Elle profit rises; Costain financing pact	23-07-26	AN
Struggling Unbound Group's Main Trading Business Gets Sold to WoolOvers for GBP7 Million	23-07-19	MT
Luceco says first-half ahead of expectations	23-07-18	AN
FTSE Closes Tuesday Up 0.6% Lifted by Banks, Oil Stocks; Ocado Soars	23-07-18	DJ
UK Consumers Cut Spending Amid Rising Mortgage Rates	23-07-18	DJ
FTSE 100 Closes Monday Down 0.4% Dragged by Miners	23-07-17	DJ
UK Finance Chiefs Are More Gloomy About Outlook	23-07-17	DJ
Unbound Group Requests Trading Halt, Plans to Appoint Administrators to Main Operating Unit	23-07-17	MT
Unbound shares suspended as puts operating arm into administration	23-07-17	AN
London Stocks Seen Opening Lower	23-07-17	DJ
Entain buys Angstrom Sports; offer for Gresham House	23-07-17	AN
Unbound Group Says Co & Advisers Continued Discussions For Proposals To Acquire Beaconsfield Footwear	23-07-17	RE
Unbound Group Confirms Possibility of Administration Amid Strategic Review; Shares Tank	23-07-12	MT
Unbound still mulling options as notes possibility of administration	23-07-12	AN
Unbound Still Mulls Options as Notes Possibility of Administration	23-07-12	CI
FTSE 100 Closes Up 0.1% Lifted by Mining, Financial Stocks	23-06-27	DJ
UK Banks Rates Hike Benefit Likely to Be Limited	23-06-27	DJ
Hawkish ECB tips FTSE 100 into the red	23-06-27	AN
Unbound shares plunge as it terminates formal sales process	23-06-27	AN
AIM WINNERS & LOSERS: Unbound shares drop as calls off sales process	23-06-27	AN
Unbound Group Falls 9% After Ending Formal Sale Process	23-06-27	MT
Unbound Group plc Provides an Update to the Initiation of the Strategic Review	23-06-27	CI
Unbound Group plc to Assess the Feasibility of an Equity Fundraise	23-06-27	CI

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Unbound Group plc is a United Kingdom-based company, which is engaged in selling a range of brands focused on the over 55 age demographics. The Company offers footwear and apparel and features third-party complementary brands alongside new Unbound brands, as well as Hotter. Hotter is a digitally led, omni-channel footwear brand focuses on comfort and fit delivered through the use of differentiated technology to consumers in the United Kingdom, the United States and Europe. Hotter sells footwear for its customer base, covering a range of styles and categories with all of the product offerings designed and developed by the in-house design team. Hotterâs primary product categories are Active, Boots, Deck, Formal shoes, Gore-Tex, Sandals, Shoes and Slippers. Its manufacturing facilities and distribution centers are all located in Skelmersdale, United Kingdom. Its subsidiaries include Hotter MIPCO Limited and Electra Private Equity Limited.

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Unbound Group plc

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UBG

GB0003085445

Internet Services

WoolOvers does not plan to make takeover bid for Unbound

Latest news about Unbound Group plc

Chart Unbound Group plc

Company Profile

Income Statement Evolution

Annual profits - Rate of surprise

Sector Other Internet Services