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

Marwyn Investment Management LLP drop investment plan in Unbound

May 10, 2023 at 11:24 am EDT

(Alliance News) - Marwyn Investment Management LLP on Wednesday said it has terminated discussions with Unbound Group PLC, as manager of Marwyn Value Investors II LP.

It stopped talks regarding a GBP10 million investment via equity placing, at an issue price of 10.5% per share.

This followed the receipt of revised historical and forecast financial information from Unbound's management. Unbound shares collapsed by 53% at 3.42 pence on Wednesday in London.

Unbound initially revealed the planned investment on April 12, and spent the subsequent period progressing preparations for the fundraise.

Unbound told investors on Wednesday that the trading environment over the first quarter of 2023 has been more difficult than expected. Looking ahead, it said it was focused on managing tight cash flows and maintaining dialogue with key banking partners.

By Will Neill, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	MARWYN VALUE INVESTORS LIMITED	233 GBX	0.00%	0.00%	69.36M
	UNBOUND GROUP PLC	0.75 GBX	-.--%	-.--%	666K

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

Chart Unbound Group plc

Duration

Period

More charts

Company Profile

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.

Sector

Internet Services

More about the company

Income Statement Evolution

More financial data

Annual profits - Rate of surprise

Company calendar

Sector Other Internet Services

	1st Jan change	Capi.
UNBOUND GROUP PLC	-.--%	666K
TENCENT HOLDINGS LIMITED	+26.36%	441B
NETFLIX, INC.	+25.47%	263B
UBER TECHNOLOGIES, INC.	+8.80%	140B
AIRBNB, INC.	+7.48%	92.89B
PROSUS N.V.	+25.85%	90.53B
SPOTIFY TECHNOLOGY S.A.	+56.78%	58.64B
DOORDASH, INC.	+16.13%	46.96B
COSTAR GROUP, INC.	+2.85%	36.7B
NASPERS LIMITED	+20.84%	36.11B

Other Internet Services

Unbound Group plc

Equities

UBG

GB0003085445

Internet Services

Marwyn Investment Management LLP drop investment plan in Unbound

Stocks mentioned in the article

Latest news about Unbound Group plc

Chart Unbound Group plc

Company Profile

Income Statement Evolution

Annual profits - Rate of surprise

Sector Other Internet Services