Macaulay Capital PLC Related Party Transaction (2060P)
08 February 2023 - 12:41AM
UK Regulatory
TIDMMCAP
RNS Number : 2060P
Macaulay Capital PLC
07 February 2023
Macaulay Capital PLC
7 February 2023
Macaulay Capital PLC
("Macaulay" or the "Company")
Related Party Transaction
Change of Registered Office
Macaulay Capital PLC (AQSE:MCAP), which was formed to originate
and manage corporate transactions, raise funds from third parties,
invest its own funds alongside those of external investors and to
manage its investment portfolio with the aim of maximising its
value, announces that it has recently completed a related party
transaction and changed its registered office address.
Re-charge of Operations Manager's time
It has been agreed by the board of Macaulay that the Company's
operations manager will spend a proportion of his time working with
a private business owned by David Horner and his wife. Under this
agreement, the private business is to pay a monthly fee, equivalent
to the pro-rata cost of the operations manager's employment to the
Company, to Macaulay.
As David Horner is an associate of the private company, this
transaction is deemed to be a related party transaction under the
AQSE Rules. The directors of the Company (other than David Horner),
having exercised reasonable care, skill and diligence, believe that
the transaction is fair and reasonable as far as the shareholders
of the Company are concerned.
Change of registered office
On 29 January 2023, the Company changed its registered office to
Suite 8, Bridge House, Courtenay Street, Newton Abbot, England,
TQ12 2QS.
The Directors of the Company accept responsibility for the
contents of this announcement.
ENDS
Enquiries:
Macaulay Capital PLC
+44 (0)12 2554
Clive Milner 1904
Cairn Financial Advisers LLP (AQSE Corporate
Adviser)
James Caithie
Louise O'Driscoll +44 (0)20 7213
Emily Staples 0880
Oberon Capital (Broker)
+44 (0)20 3179
Chris Crawford 5304
For more information please visit: www.macaulaycapital.com
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END
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