Unbound attracts new investment option

Unbound attracts new investment option

As we reported on 28th March ’23, Unbound Group received a takeover approach from WoolOvers Group which offered Unbound shareholders 10.5p in cash and 1 contingent value right per Unbound share. At the time the Unbound board was minded to recommend the offer to its shareholders.

However, shortly after this, the Unbound Group board received a proposal from Marwyn Investment Management and is now engaging in talks with the investment firm, seeing it as presenting a better option for the business and its shareholders.

Marwyn tabled a £10m investment via an equity placing at an issue price of 10.5p per Unbound share as a starting point. This could then lead to a wider equity placing. Marwyn has also proposed that all existing Unbound Group shareholders would have an opportunity to participate in any fundraising.


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