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This announcement is not an advertisement for the purposes of the Prospectus Rules of the UK Financial Conduct Authority ("FCA") and not a prospectus and not an offer to sell, or a solicitation of an offer to subscribe for or to acquire securities. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of information contained in the prospectus (the "Prospectus") which has been published by Red Capital Plc in connection with the proposed admission of its ordinary shares to the standard listing segment of the Official List maintained by the FCA and to trading on the London Stock Exchange plc's main market for listed securities. Copies of the Prospectus are available for inspection from www.redcapitalplc.com.
RED CAPITAL PLC
("Red Capital" or the "Company")
First Day of Dealings
Red Capital Plc (LSE: REDC) the specialist investment company, announces the admission of its entire issued share capital to trading on the London Stock Exchange. Admission will take place and dealing will commence at 8.00 a.m. today under the ticker REDC and ISIN JE00BLB56J12.
Highlights
§ Red Capital is focused on investment and acquisition opportunities in the business services and technology sectors
§ Company is led by David Williams as Chairman, and Simon Webster as Director, both of whom have substantial experience creating value through accelerated buy-and-build growth strategies
§ Initial placing of £1 million to be used to support the Company's M&A search and diligence activities in pursuit of its first acquisition
David Williams, Chairman, said:
"I am delighted to be teaming up with Simon on this new venture. As a highly experienced software and technology entrepreneur, Simon has a superb track record in creating high performing technology organisations, most recently as CEO of CPA Global, which he led over a 20-year period through to its eventual $6 billion merger with NYSE listed Clarivate Plc last year.
"We are seeing a number of interesting opportunities at present, and a London listing creates an ideal foundation from which we can launch our growth strategy."
The Company's Prospectus is available to view on its website at www.redcapitalplc.com.
Enquiries:
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Tessera - Strategic Adviser Katie Long |
+44 (0)77 4218 9145
info@redcapitalplc.com |