CatalystWireBeta

Result of Retail Offer and July Update

In brief · summary, not quotable

Likewise Group plc has successfully completed an upsized and oversubscribed Retail Offer, raising approximately £4.0 million through the issuance of 14,035,087 Retail Offer Shares at 28.5 pence each, bringing the total gross proceeds from the Placing, Subscription, and Retail Offer to approximately £32.5 million. The company also reported a strong trading update, with July sales revenue increasing by 23.9% year-on-year, and year-to-date sales up 18.3% on a like-for-like basis, with August commencing strongly. Admission of the Retail Offer Shares to trading on AIM is expected on 17 August 2026, subject to shareholder approval at the General Meeting on 14 August 2026.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your LIKE notes

CAPITALISED TERMS NOT OTHERWISE DEFINED HEREIN SHALL HAVE THE MEANINGS GIVEN TO THEM IN THE COMPANY'S ANNOUNCEMENT RELEASED AT 6:01 P.M. ON 28 JULY 2026 OR IN THE ANNOUNCEMENT RELEASED AT 7:00 A.M. ON 4 AUGUST 2026.

Likewise Group plc

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

Result of upsized and oversubscribed Retail Offer

and

July Trading Update

Likewise Group plc (AIM:LIKE), the fast-growing and progressive flooring distributor in the UK, is pleased to announce that, the Retail Offer launched on 29 July 2026, and upsized on 4 August 2026 was oversubscribed and has raised in aggregate approximately £4.0 million through the issuance of 14,035,087 Retail Offer Shares at a price of 28.5 pence per share.

Accordingly, the Company has conditionally raised total gross proceeds of approximately £32.5 million in aggregate by way of the Placing, the Subscription and the Retail Offer.

The Retail Offer was oversubscribed and allocations were therefore made to shareholders applying the principles of soft pre-emption. Shareholders whose orders matched or applied for less than their soft pre-emptive allowance received 100 per cent of their allowance, with all orders in excess of the allowance scaled back in proportion to their shareholding.

Admission

Application will be made to the London Stock Exchange for admission of the Retail Offer Shares and the Additional Retail Offer Shares to trading on AIM ("Admission"). It is expected that, subject to the necessary resolutions being passed at the General Meeting, Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 17 August 2026.

Admission is conditional, inter alia, upon Admission becoming effective, the Placing Agreement not having been terminated and becoming unconditional, and upon the approval of Shareholders at the Company's forthcoming General Meeting to be held at 10:00 a.m. on 14 August 2026.

Tony Brewer, Chief Executive of Likewise says:

"We very much thank all our existing and new institutional shareholders plus our retail shareholders for their support during this successful fundraise. We now have tremendous flexibility to strategically accelerate the growth of the Group over the coming years.

We are very pleased that July sales revenue showed a 23.9% increase against the previous year with year to date now up 18.3% on a like for like basis, with August starting strongly. The Group is entering a particularly exciting period of our development, and we thank all stakeholders for their continued commitment and support."

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note