SHNJ Rogue Baron Plc

 
TIDMSHNJ 
 
For Immediate Release 
 
                                8 November 2021 
 
                                ROGUE BARON PLC 
 
                       ("Rogue Baron" or "The Company") 
 
                      Premium Placing and Director Change 
 
Rogue Baron PLC (AQSE: SHNJ), a leading company in the premium spirit sector, 
is pleased to announce that it has raised £200,000 by way of placing through 
its broker Peterhouse Capital Limited with the issue of 2,857,142 new ordinary 
shares in the Company at a price of £0.07 per share. This fundraising 
represents a premium of 3.7% to Rogue Baron's closing bid price on 5 November 
2021. 
 
The Company has also agreed to grant the placees 2,857,142 warrants on a one 
warrant for one new ordinary share issued exercisable at £0.07 per share and 
valid for a period of 5 years from the date of this announcement. 
 
In addition, and in order to settle certain liabilities, the Company is issuing 
1,000,000 new ordinary shares at £0.07 per share.  With demand from new markets 
for Shinju and the increase in sales volume, the Company wishes to use its cash 
resources for Shinju whisky purchases to satisfy increased demand. Accordingly, 
the Company has negotiated with advisers to pay liabilities in ordinary shares 
of the Company instead of cash, so that additional cash will be used to 
increase sales. As stated in the interim results to 31 June 2021, the Company 
sold 1,000 cases of Shinju in 2019, in 2020, 2,000 cases were sold and the 
Company wants to close out 2021 with 5,000 cases being sold. 
 
Admission to AQSE Growth Market 
 
Application will be made for the 3,857,142 new ordinary shares to be admitted 
to trading on the AQSE Growth Market ("Admission"). It is expected that 
Admission of the new ordinary shares will become effective at 8.00 a.m. on or 
around 12 November 2021. The new ordinary shares will be issued credited as 
fully paid and will rank in full for all dividends and other distributions 
declared, made or paid after Admission and will otherwise rank on Admission 
pari passu in all respects with the existing ordinary shares. 
 
 Total Voting Rights 
 
Following Admission, the Company's issued share capital will comprise 
90,043,076 Ordinary Shares with voting rights. The Company does not hold any 
Ordinary Shares in treasury. The figure of 90,043,076 Ordinary Shares may 
therefore be used by shareholders in the Company as the denominator for the 
calculations by which they will determine if they are required to notify their 
interest in, or a change in their interest in, the share capital of the Company 
under the FCA's Disclosure and Transparency Rules. 
 
Resignation of Director 
 
Sandy Barblett, has announced his resignation from the Company effective as of 
today.  Hamish Harris will resume the role of Executive Chairman on an interim 
basis. 
 
The Board would like to take this opportunity to thank Sandy for his 
involvement as a Director and we wish him well with his future endeavours. 
 
Hamish Harris of Rogue Baron commented: "On behalf of the board I would like to 
thank Sandy for his contribution during his time on the Board not least 
including his involvement in helping to guide Rogue Baron through the listing 
process. With that exercise now complete, Sandy has decided the time is right 
to move ahead with his plans to step down from the Board to pursue his many 
other corporate ventures and we wish him the very best of fortune for the 
future." 
 
About Rogue Baron 
 
Rogue Baron is a diversified holding company in the premium spirits industry. 
The Company's core focus is on developing brands in high-growth categories 
where opportunity exists to grow sales and increase its shareholders' value. 
The Company has multiple brand subsidiaries led by its flagship brand, Shinju 
Japanese Whisky.  The Company's goal is to build each of its brands to the case 
sale threshold that makes them an attractive buyout target 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
For further information, please contact: 
 
The Company 
 
Ryan Dolder 
rdolder@roguebaron.com 
 
AQSE Corporate Adviser: 
 
Peterhouse Capital Limited 
Guy Miller 
 
 +44 (0) 20 7469 0936 
 
AQSE Corporate Broker: 
 
Peterhouse Capital Limited 
Lucy Williams 
 
 +44 (0) 20 7469 0936 
 
Investor Relations 
                +44 (0)7464 609025 
ir@roguebaron.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

November 08, 2021 06:00 ET (11:00 GMT)

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