Admission to Trading

RNS Number : 8046N

Golden Rock Global PLC

31 October 2016

 

31 October 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN.

For Immediate Release

Golden Rock Global plc

("Golden Rock" or the "Company")

Admission to Trading and First Day of Dealings

Golden Rock Global Plc (LSE: GCG), a special purpose acquisition company ("SPAC") incorporated in Jersey and formed to undertake one or more acquisitions of a target company or business in the fintech sector, is pleased to announce its entire issued ordinary share capital consisting of 16,000,000 ordinary shares of par value of 1 pence each (the "Ordinary Shares") will be admitted to the Standard Listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange Main Market for listed securities (together, the "Admission").

Admission will become effective and dealings will commence at 8:00 a.m. today, 31 October 2016, under the ticker code GCG.

Since its incorporation, the Company has raised gross proceeds of £1,599,000 through subscriptions which closed shortly prior to Admission.

Highlights

·      Following Admission, Golden Rock is seeking to acquire one or more target companies or business in the fintech sector. While not limited to a particular geographic region, the directors expect they will initially focus on acquiring companies or businesses in Australia, Europe and/ or North America;

·      Strong board with many years of business experience of operating in the financial services industry, particularly in the areas of acquisitions, corporate and financial management capital markets and trading;

·      The acquisition strategy of Golden Rock will be focussed towards companies or businesses which:

o  are run by a management team with a strong track record for generating growth for shareholders and a proven experience business record; and/ or

o  have solid commercial prospects within the fintech sector in general; and/ or

o  are within lower risk jurisdictions, within countries with a strong focus on protecting investors' interests, low sovereign risk and those that encourage and incentivise investment; and/ or

o  have revenues which offer the potential for near-term positive cash flows; and/ or

o  can be funded adequately to be able to be capable of delivering a realistic place or achieving credible milestones and significant growth opportunities for shareholders.

·      Following any acquisition the Company will implement an operating strategy to generate value for its Shareholders through;

o  operational improvements;

o  potential complementary acquisitions; and

o  re-admission of the enlarged group to listing on the Official List and to trading on the London Stock Exchange, or to another exchange.

Copies of the Prospectus, published by the Company on 25 October 2016 in connection with Admission are available free of charge from the Company's registered office at 11 Bath Street, St Helier, JE2 4ST Jersey, the Company's website at www.grg.london and at the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.

Enquiries

Golden Rock Global plc	[phone]
Ross Andrews, Chairman
VSA Capital Limited (Financial Adviser & Corporate Broker)	[phone]
Andrew Raca

 

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