Admission to Trading and First Day of Dealings

RNS Number : 2940F

Challenger Acquisitions Limited

19 February 2015

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

For Immediate Release

                                                                                                                                     19 February 2015

Challenger Acquisitions Limited

("Challenger" or the "Company")

Admission to Trading and First Day of Dealings

Challenger Acquisitions Limited, a company formed to undertake one or more acquisitions of target companies or businesses in the entertainment and leisure sectors, is pleased to announce that its entire issued ordinary share capital consisting of 11,000,100 Ordinary Shares of £0.01 each (the "Ordinary Shares") will today be admitted to the standard segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities (together, the "Admission"). Dealing will commence at 8:00 a.m. under the TIDM code "CHAL" (ISIN: GG00BV0LCK35).

Mark Gustafson, the Company's Chairman, said:

"We are pleased to have successfully concluded the Admission and would like to thank all our advisers for their assistance. We look forward to executing the next steps in Challenger."

Highlights

Ø Challenger was formed to undertake one or more Acquisitions of target companies or businesses in the entertainment and leisure sectors with particular focus on the "Attractions" sector

Ø Following completion of an Acquisition, the Company's objective will be to operate the acquired business and implement an operating strategy with a view to generating value for its Shareholders   

Ø The Board, comprising Mark Gustafson, Chairman, Markus Kameisis, Chief Financial Officer and Gert Rieder, Non-Executive Director, collectively has a proven track record of raising money for listed entities, making substantial acquisitions, and operating and growing a wide diversity of businesses, and has collectively subscribed for 700,000 shares on Admission   

The Prospectus published by the Company on 13 February 2015 in connection with the Admission can be found at www.challengeracquisitions.com 

Defined terms in this announcement shall have the same meanings as in the Prospectus.

STATISTICS

Total number of Ordinary Shares unconditionally issued pre-Admission                                             4,000,100

Total number of Ordinary Shares issued pursuant to Subscription                                                     7,000,000

Total number of Ordinary Shares in issue on Admission                                                                 11,000,100

Price per Subscription Share                                                                                                               £0.10

Estimated Net Proceeds of Founder Subscription and the Subscription receivable by the Company      £930,000

Estimated Costs                                                                                                                             £90,000

Market capitalisation of the Company at the Subscription Price on Admission                                        £1.1m

For more information:

Challenger Acquisitions Limited
Mark Gustafson, Chairman	[phone]
Beaumont Cornish Limited (Financial Adviser)
Roland Cornish	[phone]

 

END

 

 

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