THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION.
NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION. THIS IS AN ANNOUNCEMENT AND NOT
AN OFFER TO SELL OR AN INVITATION TO PURCHASE OR SUBSCRIBE FOR ANY
SECURITIES NOR A CIRCULAR OR PROSPECTUS OR EQUIVALENT DOCUMENT AND
INVESTORS OR PROSPECTIVE INVESTORS SHOULD NOT MAKE INVESTMENT
DECISIONS ON THE BASIS OF ITS CONTENTS.
FOR IMMEDIATE RELEASE.
25 April 2023
Hambro Perks
Acquisition Company Limited
(“HPAC” or the
“Company”)
Update on Escrow
Account Balance
Ahead of the redemption of the Company’s Public Shares announced
yesterday, 24 April 2023, HPAC (LSE:
HPA1) would like to update shareholders on the expected Escrow
Account cash balance.
The amount in the Escrow Account available to Public
Shareholders (other than the Sponsor) is anticipated to be
approximately £12.07 per Public Share, being approximately equal to
the aggregate amount on deposit in the Escrow Account as at the
Decision Date, including interest earned on the funds held in the
Escrow Account (less taxes payable and £100,000 to pay dissolution
expenses), divided by the number of outstanding Public Shares as at
the Decision Date (other than in respect of Public Shares held by
the Sponsor, which shall be redeemed for nil consideration).
The Company would also like to clarify that the Redemption
Record Time, being close of business (6:00
p.m.) on the business day prior to the Redemption Deadline,
is 6:00 p.m. on 5 May 2023. An updated expected timetable of
events is set out below.
Capitalised terms used but not defined in this announcement have
the meanings given to them in the announcement by the Company
published yesterday, 24 April
2023.
Expected timetable of events*
| EVENT |
EXPECTED
TIMETABLE |
| Redemption Record Time |
6:00 p.m. on 5 May
2023 |
| Latest date for despatch of cheques
in respect of redemption monies and for settlement of redemption
monies through CREST or other form of payment (the “Redemption
Deadline”) |
9 May 2023 |
| Cancellation of listing |
by no later than 24
May 2023 |
| Completion of the winding up of the
Company |
during Q3 2023 |
| Dissolution of the Company |
before the end of Q3
2023 |
*All references to time in this announcement are to London time.
Enquiries
Hambro Perks
Acquisition Company Limited
Peter Soliman, Company Secretary |
peter@hambroperks.com |
FTI Consulting
(Financial PR advisor to HPAC)
Charles Palmer
Kit Dunford |
+44 (0) 7976 743 360
+44 (0) 7717 417 038 |
Notes to Editors
The information contained in this announcement is deemed by HPAC
to constitute inside information for the purposes of Article 7 of
the UK Market Abuse Regulation. By the publication of this
announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain. The
person responsible for arranging for the release of this
announcement on behalf of HPAC is Peter
Soliman, Company Secretary.
The LEI of HPAC is 2138002WGRFJRKBEVT75.
About HPAC
For further information on HPAC, please see www.hpac.uk.