Essentially Grp PLC - First Day of Dealings
Announcement provided by
Essentially Group PLC · ESSN17/03/2023 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM
17 March 2023
Essentially Group PLC
(the 'Company' or 'Essentially')
Admission to Trading on AQSE
and
First Day of Dealings
Essentially Group PLC, a leading health food company in the
The Company has been admitted to the Access segment of AQSE and the commencement of trading of the Company's Ordinary Shares follows a successful subscription for a total of 1,200,000 Ordinary Shares at
On Admission, the Company will have 51,300,000 Ordinary Shares in issue and the market capitalisation of the Company will be approximately
Raja Wail Abuljebain, Chief Executive Officer of Essentially, commented:
"We are delighted to have reached this significant milestone in Essentially's journey.
Our philosophy is that quality nutrition should be easily accessible in our modern, demanding lifestyles so that individuals can create positive, long-lasting changes to their diet and overall health. We believe that our listing today on the AQSE Growth Market will allow us to reach more people and deliver on our mission to get this quality nutrition into as many hands as possible.
We would like to thank our Shareholders, our Advisers and the Exchange for working with us to achieve this listing and we look forward to this continued partnership."
**END**
For more information, please refer to the Company's AQSE Admission Document 2023 which is available on the Company's website: www.essentiallyplc.com
For further information please contact:
Essentially Group PLC
Raja Wail Abuljebain, Chief Executive Officer
+971 566440676
Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser)
Nick Michaels
+44 20 3772 0021
Clear Capital Markets Limited (Broker)
Andrew Blaylock
+44 20 3869 6082
About Essentially Group PLC
Essentially's mission and strategy is the acquisition, holding and development of companies active in the health food and beverages market. On 1 September 2022, Essentially Group PLC acquired Essentially Holdings Ltd (and its wholly owned subsidiary, Essentially Juices Manufacturing LLC ("EJM")) by means of a share for share exchange.
EJM operates in the health food industry and more specifically in the juice market, offering premium quality wellness shots, functional juices, lemonades, nut milks, single origin fruit juices and healthy protein snacks within the UAE and regional markets. EJM has a manufacturing facility in Dubai where the beverages are produced.
EJM does not thermally pasteurise its beverages but instead uses a process known as high pressure processing ("HPP") i.e., a non-thermal 'pasteurisation'. The HPP process "deactivates" unwanted microorganisms in the juices and consequently extends shelf life. By using pressure instead of heat, the final product also maximises its organoleptic and nutritional attributes.
All of EJM's bottles are 100% recyclable. EJM is committed to protect the planet and is assessing the viability of recycled polyethylene terephthalate ('rPET') and/or biodegradable and compostable polylactic acid ('PLA') plastic bottles for its beverages.
EJM is active in the UAE and Kingdom of Saudi Arabia fruit and vegetable juice market. The GCC fruit and vegetable juice market size reached
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