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  • 2016 Share Exchange
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2016 Share Exchange Offer - completed

This page contains information regarding the offer of exchange of existing debentures for ordinary shares to be issued by JLG Group PLC (the "Company").

The share exchange offer document sent to all debenture holders by post explains why we are offering to exchange a maximum of 50% of the value of your existing debentures for ordinary shares in the capital of the Company and how to notify us as to what you want to do.

As explained in the share exchange offer document we very much hope that you will continue the journey with us.

If you have any questions, please check our FAQs

However if your question is not answered then contact us on 01792 293428

Documents

Exchange Offer Document

JLG Group PLC - Certificated

Exchange Offer Document

JLG Group PLC - Uncertificated

Exchange Offer Terms

The full terms of the offer.

Risk Factors

Holders of Existing Stock should consider carefully all the information in this document including the risks described.

FAQs

Your questions answered.


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The Group entered the alternative finance sector with the aim of providing a real alternative to Business Banking and has built a robust, scalable, Anti Money Laundering (AML) compliant process for on boarding Corporate Borrowers in the UK and eventually Europe.

JLG Group PLC is the first alternative commercial lender to become an Associate Member of the British Bankers' Association.

We are a benefactor of 'Project Rome', the campaign from the Emerging Payments Association (EPA) lobbying for fairer access to payments infrastructure through FinTech providers.

ISO

JLG Group PLC has been certified by BSI to ISO 9001:2015 and 22301:2012 under certificate numbers FS 668057, BCMS 668054.

AABF

And one of the seven founder members of the AABF

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  • Susanne Chishti FinTech Recognition Feb 2020
  • JLG Groups raises £85M in Bond Sale Nov 2019
  • JLG Groups joins LSE Elite Nov 2019
  • LSE 1000 Companies to Inspire Britain Report Nov 2019
  • John Davies appointed to Emerging Payments Association Advisory Board Jan 2019
  • Just Cash Flow PLC ‘A’ rated investment option. October 2018

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JLG Group PLC
1 Charterhouse Mews, Farringdon, London EC1M 6BB

Registered in England and Wales Company number 08062555

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Share Exchange Offer FAQs

Why is JLG Group PLC (the "Company") offering to issue ordinary shares in the capital of the Company ("Ordinary Shares") to the existing debenture holders?

The Company is keen to reward the debenture holders for their support over the last few years by offering them an opportunity to make a capital investment in the Company.

Do I have to exchange all of my existing debentures ?

No. You can only exchange a maximum of 50% of the value of your debentures.

Will everyone that accepts the offer be allocated Ordinary Shares?

No.The maximum issue of Ordinary Shares is 3,200,000. They will be issued on a first come, first served basis.

Why is the issue limited to 3,200,000 Ordinary Shares?

The existing shareholders don't want to be diluted by more at this time.

What happens when the limit of 3,200,000 is reached?

Once the limit is reached no further acceptances will be actioned. It is possible that 3 out 4 acceptances will be too late.

What happens if a large number of acceptances are received at the same time and the total is in excess of the limit?

Any relevant acceptances received on the same day will be scaled back at the discretion of the Board.

How was the offer price of £1.40 per Ordinary Share arrived at?

This is the price currently quoted on the Emerging Companies Market of the Cyprus Stock Exchange ("ECM") and the price of the recent trades of the Ordinary Shares on the ECM.

What will be the price per Ordinary Shares if they are quoted on the Alternative Investment Market of the London Stock Exchange ("AIM")?

The issue price should the Ordinary Shares be listed on AIM is unknown and there are no guarantees that the ordinary shares will be admitted to any senior market at any stage.

Will I be able to sell my Ordinary Shares if they are quoted on AIM?

AIM is the junior market of the London Stock Exchange and enjoys significant liquidity. The Company will be working to achieve greater profitability and increasing value per Ordinary Share.

However, it cannot guarantee an increase in the value of the Ordinary Shares. The value of your investment may go down as well as up.

Will interest be paid on the Ordinary Shares?

No. Shares may participate in any profit of the Company through dividends and growth in value.

When do my existing debentures mature?

JLG Group PLC 2016 debentures mature on 31 December 2016.

JLG Group PLC 2018 debentures mature on 31 December 2018

JLG Group PLC 2020 debentures mature on 31 December 2020

The Just Bridging Loans PLC debentures mature on 31 December 2020

The Just Finance Loans & Investments PLC debentures mature on 31 December 2017.

The Just Cash Flow PLC 2019 debentures mature on 31 December 2019.

The Just Cash Flow PLC 2021 debentures mature on 31 December 2021.

I don't fully understand all the details of the offer. Is there someone that I can speak to who will help me understand and advise me what to do ?

The company has set up a help line on 0121 233 3312 and will do its best to help you understand and answer any questions that you have but it cannot give you any advice.

If you are in any doubt about the contents of the document and/or the action you should take, you should immediately consult your stockbroker, bank manager, solicitor, accountant or other independent financial adviser duly authorised under the Financial Services and Markets Act 2000 (as amended) ("FSMA") if you are in the United Kingdom or, if not, you should immediately consult another appropriately authorised independent professional adviser.