Unbound Group plc (AIM:UBG) announced that in light of the recent encouraging trading performance of the Group, as an alternative to the indicative proposals being progressed as part of the strategic review, the Board is also assessing the feasibility of an equity fundraise of between £1.5 million and £2 million to support implementation of a formal restructuring plan, with a view to securing a better outcome for the Group. The Board, in conjunction with Nplus1 Singer Advisory LLP (Singer Capital Markets) as the Company's Financial Adviser, Nominated Adviser and Broker, is engaging with certain of the Group's major shareholders and has received some positive feedback at this early stage, with a view to procuring broader participation in the equity fundraise. Its implementation would be subject to the consent of the Company's shareholders and wider stakeholders before ultimately requiring the sanctioning of the UK Courts.

Should an equity fundraise be progressed, the Board intends to include an open offer element to enable participation by the Company's wider shareholder base on equal terms. There can be no certainty that an equity raise can be achieved nor as to the terms of any such equity raise. The Board confirms that it continues to consider the available options and take appropriate steps to preserve value for stakeholders in the event that further equity funding cannot be raised and /or a formal restructuring plan cannot be implemented.