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AQUIS STOCK EXCHANGE Aquis Stock Exchange: Update to Application for Admission Announcement

Directive transparence : information réglementée

20/07/2022 08:00

Aquis Stock Exchange
Aquis Stock Exchange: Update to Application for Admission Announcement

20-Jul-2022 / 07:00 GMT/BST


 

ANNOUNCEMENT OF APPLICATION FOR ADMISSION TO THE AQSE GROWTH MARKET

 

 

APPLICANT NAME:

Macaulay Capital PLC

 

APPLICANT REGISTERED OFFICE, PRINCIPAL PLACE OF BUSINESS (IF DIFFERENT) AND TELEPHONE NUMBER:

11 Laura Place

Bath

United Kingdom

BA2 4BL

 

012 2554 1904

DIRECTORS AND PROPOSED DIRECTORS (IF APPLICABLE):

Lindsay Keith Anderson Mair ACA, Non-Executive Chairman

David Alistair Horner, Managing Director

Richard Hywel Bucknell, Chief Investment Officer

 

APPLICANT SECTOR:

Financial services

 

DESCRIPTION OF THE APPLICANT AND ITS ACTIVITIES:

 

Macaulay Capital plc (“Macaulay Capital” or the “Group”) was formed to originate and manage corporate transactions, raise funds from third parties, invest the Group’s own funds alongside those of external investors and to manage the Group’s investment portfolio with the aim of maximising its value.

 

The Group will be managed by its two executive directors, David Horner and Richard Bucknell, who have both been operating in the small cap private company market for many years, giving them extensive experience of identifying, originating, assessing, structuring, and financing transactions.

 

Macaulay Capital intends to earn revenues as follows:

 

  • an arrangement fee on completion of a transaction (typically a percentage of the funds raised, including funds invested by Macaulay Capital), payable by the client company;
  • an annual director fee for providing a director to represent Macaulay Capital’s and third-party investors’ interests on the board of the client company;
  • an annual management fee of 2 per cent. per annum for up to five years, once third-party investors have been repaid their initial investment, payable by the investors; and
  • a performance fee, if returns exceed a predetermined threshold, also payable by the investors.

 

In addition, the Group will also, on each transaction, participate directly in a mix of loan stock and equity share capital, as part of any fundraising necessary to enable the transaction to proceed. It is intended that these investments will provide the Company with long term gains.

 

 

 

NAME OF AQSE CORPORATE ADVISER:

Cairn Financial Advisers LLP

 

NUMBER, CLASS AND PAR VALUE OF SECURITIES TO BE ADMITTED:

 10,000,000 Ordinary Shares of 10p par value

 

SECURITIES IN PUBLIC HANDS AS A PERCENTAGE OF THE TOTAL NUMBER OF SECURITIES IN ISSUE (excluding securities held in treasury):

79% of the Company’s securities in issue will be in public hands

 

SHAREHOLDERS HOLDING MORE THAN FIVE PER CENT OF THE APPLICANT’S SHARE CAPITAL OR VOTING RIGHTS PRE- AND POST-ADMISSION:

 

Name

Current Shares

Current %

Holding on Admission

% on Admission

Harry Horner*

200,000

45%

1,000,000

10.0%

Tom Horner*

200,000

45%

1,000,000

10.0%

 

*David Horner’s adult son

 

TIMETABLE FOR ANY OFFER OF TRANSFERABLE SECURITIES TO THE PUBLIC:

N/A

 

THE EXPECTED ADMISSION DATE:

29 July 2022

 

WEBSITE ADDRESS WHERE INVESTOR INFORMATION WILL BE AVAILABLE FOR INSPECTION:

www.macaulaycapital.com

 

 

In respect of a fast-track applicant, the following information should also be included:

 

NAME OF MARKET ON WHICH THE APPLICANT’S SECURITIES ARE CURRENTLY TRADED:

 

 

ARRANGEMENTS FOR THE SETTLEMENT OF TRANSACTIONS IN THE APPLICANT’S SECURITIES:

 

 

DETAILS OF ANY LOCK-IN ARRANGEMENTS:

 

DETAILS OF THE LEGAL OR REGULATORY REQUIREMENTS IN THE APPLICANT’S HOME COUNTRY REGARDING THE CONDUCT OF TAKEOVERS AND THE ACQUISITION OF SIGNIFICANT VOTING RIGHTS TO WHICH THE APPLICANT IS SUBJECT:

 

 

In respect of an update to a prior application announcement, the date of the original announcement should also be disclosed as follows:

 

UPDATE TO A PRIOR APPLICATION ANNOUNCEMENT RELEASED ON:

7 July 2022

 



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1401401  20-Jul-2022 

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