Accrol : Result of Open Offer

RNS Number : 5709Q Accrol Group Holdings PLC 07 June 2018

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

7 June 2018

ACCROL GROUP HOLDINGS PLC

(AIM: ACRL)

Open Offer Closed, Admission of Open Offer Shares and Total Voting Rights

Accrol Group Holdings plc (the "Company" or "Accrol"), the AIM-listed leading independent 2ssue converter, notes that the open offer to raise up to £1.935 million described in the announcement dated 22 May 2018 2tled "Open Offer" (the "Open Offer") closed for acceptances at 11.00 a.m. on 6 June 2018 in accordance with its terms. The Company reports that it has received valid applica2ons in respect of a total of 37,108,972 new ordinary shares of £0.001 in the Company ("New Ordinary Shares"), represen2ng a percentage take up of 287.64 per cent. of the New Ordinary Shares available under the Open Offer.

12,901,200 New Ordinary Shares are available under the Open Offer. All qualifying shareholders who applied for some or all of their basic en2tlement to New Ordinary Shares under the Open Offer will have those applica2ons sa2sfied in full. Qualifying shareholders who, in addi2on to applying in full for their basic en2tlement to New Ordinary Shares under the Open Offer, applied for New Ordinary Shares under the excess applica2on facility will have their applica2ons under that facility sa2sfied on a basis that takes account of their respec2ve holdings of shares in the Company as at 5.00 p.m. on 18 May 2018.

The aggregate amount raised pursuant to the Open Offer is approximately £1.935 million.

Applica2on has been made for the 12,901,200 New Ordinary Shares to be issued pursuant to the Open Offer to be admi>ed to trading on AIM ("Admission"). It is expected that Admission and dealings in those shares will commence at 8.00 a.m. on 8 June 2018.

Immediately following Admission, there will be 195,246,536ordinary shares of £0.001 in the capital of Accrol in issue, with one vo2ng right each. The Company does not hold any shares in treasury. The number of ordinary shares with vo2ng rights will therefore be 195,246,536. Accordingly, this number should be used by shareholders as the denominator for the calcula2ons by which they will determine if they are required to no2fy their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Zeus Capital Limited (Nominated Adviser & Broker)

Accrol Group Holdings plc, based in Lancashire, is a leading 2ssue converter and supplier of toilet rolls, kitchen rolls and facial tissues as well as other tissue products to major retailers throughout the UK.

Accrol operates from three sites:

· A manufacturing, storage and distribution facility in Blackburn; · A facial tissue plant, also in Blackburn; and

· A manufacturing, storage and distribution facility in Leyland.

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