Result of Anual General Meeting

RNS Number : 3741E

Rockpool Acquisitions PLC

17 October 2018

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain. 

Press Release

17 October 2018

Rockpool Acquisitions Plc

("Rockpool" or "the Company")

Result of Annual General Meeting

Rockpool Acquisitions Plc, the Special Purpose Acquisition Company ("SPAC") formed to undertake the acquisition of a company or business headquartered or materially based in Northern Ireland, announces that at, the Company's Annual General Meeting held earlier today at the Merchant Hotel, 16 Skipper Street, Belfast, BT1 2DZ, all of the resolutions put to shareholders were duly passed.

Richard Beresford, Chairman of Rockpool, said: "Progress is being made towards completing the proposed acquisition of Greenview Gas Group ("Greenview"), announced to the market on 20 November 2017.

"As reported in the Chairman's statement, which was included in the Annual Report, Greenview is contemplating one or more acquisitions prior to its being acquired by the Company and is in discussions with potential lenders regarding a facility to fund, amongst other things, those acquisitions.  It is likely at least one offer of debt finance will be secured by Greenview within the next two months."   

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For further information:

Rockpool Acquisitions Plc
Mike Irvine, Non-Executive Director	Tel: [phone]
Neil Adair, Non-Executive Director	http://rockpoolacquisitions.plc.uk
Richard Beresford, Non-Executive Chairman

Shard Capital (Broker)
Damon Heath / Erik Woolgar	Tel: [phone]

Abchurch (Financial PR)
Julian Bosdet / Dylan Mark / Alejandra Campuzano	Tel: [phone]
	[e-mail]

Notes to Editors:

Rockpool Acquisitions Plc, a Special Purpose Acquisition Company based in Northern Ireland, whose shares have been admitted to the Official List of the London Stock Exchange by way of a Standard Listing, was formed to undertake the acquisition of a company or business headquartered, or materially based in Northern Ireland with the valuation of up to £20 million.  Once the first acquisition is completed, the Company may consider further complementary acquisitions. 

Rockpool will focus on targeting an acquisition with the potential to grow to a substantial market capitalisation or, in due course, to be attractive to an industry or financial buyer.  The objective of the Company following completion of an acquisition will be to inject additional capital to facilitate the expansion of that business. 

The Directors are of Northern Irish origin and have over 60 years' combined experience of the local market.  Between them they have considerable industry, acquisitions, legal, public markets and financial and operational experience, with good access to potential targets.  The Directors believe that Rockpool's ability to provide access to significant amounts of additional capital will be the key element in being able to attract a suitable target for acquisition.  It is likely that the acquisition, which Rockpool aims to make within twelve months of Admission, will be treated as a Reverse Takeover requiring the publication of a prospectus and an application to be re-admitted to the Official List of the London Stock Exchange. 

Access to capital is a real issue for many fast-growing Northern Ireland businesses.  The Directors believe that there will be a number of businesses attracted to the prospect of raising capital through a listed cash-shell vehicle and will actively approach Rockpool seeking a reverse takeover. 

For more information about Rockpool, please visit http://www.rockpoolacquisitions.plc.uk

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