Auctus Growth Plc Potential Reverse Takeover and Suspension (1179A)

TIDMAUCT

RNS Number : 1179A

Auctus Growth Plc

25 September 2020

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION .

For immediate release

25 September 2020

Auctus Growth Plc

(the "Company" or "Auctus")

Potential Reverse Takeover of HeiQ Materials AG and Suspension of Listing.

The Company is pleased to announce that it is in advanced discussions with HeiQ Materials AG ("HeiQ") with a view to acquiring its entire issued share capital (the "Acquisition"). The Company also announces that it is simultaneously seeking a placing to raise funding for the enlarged group from institutional investors.

HeiQ is a leading, R&D driven, materials innovation company, which provides products and services focused on enhancing the qualities of textiles, primarily within the consumer & medical industries.

HeiQ creates innovative technologies that add functionality, comfort, hygiene and sustainability to existing apparel, home textiles, technical textiles, medical textiles and devices and fastmoving consumer goods products. HeiQ's technology is incorporated into over 200 of the world's lifestyle brands in the apparel, medical and home textile markets.

Should the Acquisition complete it would constitute a Reverse Take Over ("RTO") under the Listing Rules and the Company would apply for the readmission of its shares to the Official List and the Main Market of the London Stock Exchange.

Therefore, at the request of the Company, the FCA has suspended the Company's listing on the standard segment of the Official List and trading on the Main Market of the London Stock Exchange has also been suspended pending either a further announcement on specific details of the RTO, the publication of a prospectus, or an announcement that the RTO is not proceeding.

There can be no certainty that the Acquisition will take place and it remains subject to terms being agreed and the approval by the shareholders of the Company.

A further announcement will be made in due course.

Enquiries:

 
 Auctus Growth plc                      Tel: 020 7389 5010 
  Ross Ainger, Director 
 Arlington Group Asset Management Ltd   Tel: 020 7389 5010 
 Charles Cannon Brookes / Simon Catt 
  (Executive Directors)

Arlington Group Asset Management Ltd , which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as financial adviser to the Company and no one else in connection with the RTO and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in connection with the RTO or any other matter referred to herein.

This announcement does not constitute an offer to purchase any securities, or an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer to purchase or sell securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The release, distribution or publication of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about and observe any applicable requirements.

Website disclosure

A copy of this announcement will be made available (subject to certain restrictions relating to persons resident in restricted jurisdictions) on the Company's website at www.auctusgrowthplc.co.uk by no later than 12 noon (London time) on 25 September 2020. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

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END

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September 25, 2020 02:30 ET (06:30 GMT)

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