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Marshall - circular and GM notice
Shareholders are hereby advised that Marshalls will pursue a potential rights issue to raise up to USD10,7million from Shareholders by way of a renounceable rights offer ("the Rights Offer") in terms of which a total of 8 964 377 new ordinary shares in the capital of Marshalls ("Rights Offer Shares") will be offered to Shareholders at a rights offer issue price of USD1.20 (ZAR21.34800 / GBP0.89076) ("Rights Offer Issue Price") per Rights Offer Share in the ratio of 1 Rights Offer Share for every 4 ordinary shares in the capital of Marshalls ("Marshall Share/s") held by Shareholders on the record date of the Rights Offer. The Rights Offer Issue Price represents a discount of approximately 28% to the share price of Marshalls Shares as at the date of this announcement. The Rights Offer is not underwritten and excess applications for Rights Offer Shares will be allowed.
Distribution of circular
The nature and effect of the Special Resolutions, the terms and conditions or the Rights Offer and the procedure for receipt and exercise of the Warrants are detailed in a circular, convening the General Meeting and providing Shareholders with instructions on participating in the General Meeting and the Rights Offer, which was distributed to Shareholders today, 3 September 2025 ("Circular"), to Shareholders registered as such on the record date, being Friday, 29 August 2025,.
Notice of general meeting
Notice was given that the General Meeting of Shareholders will be held at the Company's registered office at 2nd Floor, Gaspé House, 66-72 Esplanade, St Helier, Jersey, JE1 1GH, as provided for in the Company's Articles, on Monday, 6 October 2025 commencing at 11:00 am UK Time and 12:00 pm SA Time, to consider the Special Resolutions.
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