Hambro Perks Acquisition Company Ltd Redemption and Cancellation of Listing - Public Shares
09 May 2023 - 10:07PM
UK Regulatory
TIDMHPA1
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.
FOR IMMEDIATE RELEASE.
9 May 2023
Hambro Perks Acquisition Company Limited
Redemption of Public Shares
Cancellation of listing of Public Shares
Hambro Perks Acquisition Company Limited (LSE: HPA1) ("HPAC" or the "Company"),
announces that the redemption of its Public Shares (the "Redemption") completed
today, 9 May 2023.
As explained in the Company's announcement on 24 April 2023, following the
Redemption, the Board and the Sponsor, as the Company's remaining Shareholder
in respect of 3,661,996 Sponsor Shares, intend to place the Company into
voluntary liquidation in accordance with the Articles.
Cancellation of listing of Public Shares
The Company no longer has any Public Shares in issue. Therefore, further to the
Company's announcement on 24 April 2023 and the suspension of the listing of
the Public Shares on 2 May 2023, the Company has applied to the Financial
Conduct Authority (the "FCA") to request that it exercises its discretion under
DEPP 2.5.11 to remove the Public Shares from the standard listing segment of
the official list of the FCA (the "Official List"). Accordingly, the Public
Shares will be removed from the Official List and the admission to trading of
the Public Shares on the main market for listed securities of the LSE (the "
Main Market") will be cancelled, in each case with effect from 8:00 a.m. on
Wednesday, 10 May 2023.
Public Warrants and Sponsor Warrants
As explained in the Company's announcement on 24 April 2023, there will be no
redemption rights or liquidating distributions with respect to the Public
Warrants or the Sponsor Warrants, which will automatically expire without value
upon completion of the liquidation of the Company.
As noted in the Company's announcement on 24 April 2023, and further to the
suspension of the listing of the Public Warrants on 2 May 2023, the listing of
the Public Warrants on the Official List and the admission to trading of the
Public Warrants on the Main Market will be cancelled, in each case with effect
from 8:00 a.m. on 24 May 2023.
Capitalised terms used but not defined in this announcement have the meanings
given to them in the announcement by the Company on 24 April 2023.
White & Case LLP and Carey Olsen (Guernsey) LLP are acting as legal advisers to
HPAC.
Enquiries
Hambro Perks Acquisition Company Limited peter@hambroperks.com
Peter Soliman, Company Secretary
FTI Consulting (Financial PR advisor to HPAC)
Charles Palmer +44 (0) 7976 743 360
Kit Dunford +44 (0) 7717 417 038
Notes to Editors
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.
END
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