Samarkand Group plc : Change to Open Offer Timetable

 

13 September 2022

Samarkand Group plc

("Samarkand", the "Company" or together with its subsidiaries the "Group")

 

Change to Open Offer Timetable

 

 

Samarkand Group plc (AQSE:SMK), the cross-border eCommerce technology, services and consumer brand group, announces a revised timetable for its current Open Offer which was announced on 5 September 2022.

 

As the Open Offer was previously expected to close on 19 September, which has now been declared a bank holiday, the following dates have changed from the initial announcement.

 

The latest time and date for acceptance of the Open Offer, receipt of completed Application Forms from Qualifying Shareholders and payment in full under the Open Offer or settlement of relevant CRESET instruction is now 11:00 a.m. on 20 September 2022.

 

The results of the Open Offer RNS is now expected to be published on 21 September 2022.

 

All other dates remain the same.

 

An updated expected timetable of events is set out below:

 

Expected Timetable of Events

 

	2022
Record Date and time for entitlements under the Open Offer	5.00 p.m. on 2 September
Announcement of the Open Offer	5 September
Posting of this Document, and to Qualifying Non-CREST Shareholders only, the Application Form	5 September
Existing Ordinary Shares marked ‘ex’ by AQSE	8.00 a.m. on 6 September
Open Offer Entitlements and Excess CREST Open Offer Entitlements credited to stock accounts in CREST of Qualifying CREST Shareholders	as soon as practicable on 7 September
Recommended latest time for requesting withdrawal of CREST Open Offer Entitlements from CREST	4.30 p.m. on 14 September
Recommended latest time for depositing CREST Open Offer Entitlements into CREST	3.00 p.m. on 16 September
Latest time and date for splitting of Application Forms (to satisfy bona fide market claims only)	3.00 p.m. on 16 September
Latest time and date for acceptance of the Open Offer, receipt of completed Application Forms from Qualifying Shareholders and payment in full under the Open Offer or settlement of relevant CREST instruction (as appropriate)	11.00 a.m. on 20 September
Results of the Open Offer announced through an RIS	21 September
Admission and commencement of dealings in the New Ordinary Shares	26 September
New Ordinary Shares credited to CREST stock accounts	26 September
Despatch of definitive share certificates for New Ordinary Shares held in certificated form	7 October

 

 

Settlement and dealings

 

Application will be made to the Aquis Stock Exchange for the admission to trading on the Aquis Stock Exchange Growth Market (“Admission”) of the New Ordinary Shares. It is expected that Admission of the New Ordinary Shares will become effective at 8.00 a.m. on 26 September 2022.

 

The New Ordinary Shares will, when issued, rank pari passu in all respects with the Existing Ordinary Shares including the right to receive dividends and other distributions declared following Admission.

 

 

For more information, please contact:

 

Samarkand Group plc	Via Alma PR
David Hampstead, Chief Executive Officer Eva Hang, Chief Financial Officer	http://samarkand.global/
VSA Capital – AQSE Corporate Adviser and Broker	+44(0)20 3005 5000
Andrew Raca (Corporate Finance) Andrew Monk, David Scriven (Corporate Broking)	IPO@vsacapital.com
Alma PR	+44(0)20 3405 0213
Josh Royston Lily Soares Smith Joe Pederzolli	samarkand@almapr.co.uk

 

 

Notes to Editors 

 

Samarkand is a cross-border eCommerce technology and retail group focusing on connecting International Brands with China, the world's largest eCommerce market. The Group has developed a proprietary software platform, the Nomad platform, which is integrated across all necessary touchpoints required for eCommerce in China including eCommerce platforms, payments, logistics, social media and customs. The Nomad platform is the foundation on which the Group's Nomad technology and service solutions are built. The core products include Nomad Checkout, Nomad Storefront and Nomad Distribution. 

 

Founded in 2016, Samarkand is headquartered in London, UK with offices in Shanghai and Tokyo.

 

For further information please visit https://www.samarkand.global/