THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

26 July 2019

Begbies Traynor Group plc

Result of Placing

Begbies Traynor Group plc (the "Company" or the "Group"), the business recovery, financial advisory and property services consultancy, is pleased to announce that, further to the announcement made earlier today regarding the proposed Placing (the "Placing Announcement"), the Bookbuild has been successful and is now closed.

The Company has successfully placed 11,041,440 new Ordinary Shares (the "Placing Shares") at a Placing Price of 75 pence per share, raising gross proceeds of £8.3 million.

The Placing Price represents a discount of approximately 3.8 per cent. to the closing mid-market price of an Ordinary Share of 78 pence on 25 July 2019, the latest practicable date prior to the publication of the Placing Announcement. The Placing, which was oversubscribed, was supported by new and existing investors and was conducted through an accelerated bookbuild process. Canaccord Genuity and Shore Capital acted as joint bookrunners in connection with the Placing. 

The Placing Shares represent approximately 9.6 per cent. of the existing issued share capital of the Company.

The Placing Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares. Application will be made for the Placing Shares to be admitted to trading on AIM and Admission is expected to take place on or around 1 August 2019. Completion of the Placing is conditional on, inter alia, Admission.

Following the issue of the Placing Shares, the Company's issued share capital will consist of 125,563,923 Ordinary Shares, with voting rights. This figure may be used by shareholders of the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Capitalised terms used in this announcement have the meanings given to them in the Placing Announcement, unless the context provides otherwise.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.  The person responsible for arranging the release of this announcement on behalf of the Company is John Humphrey, General Counsel and Group Company Secretary.

Information on Begbies Traynor Group can be accessed via the group's website at www.begbies-traynorgroup.com