TIDMALK
RNS Number : 9816M
Alkemy Capital Investments PLC
27 September 2021
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,
CANADAAUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN
OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE
OR FORM PART OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF
ANY OFFER TO SUBSCRIBE OR PURCHASE, ANY INVESTMENTS IN ANY
JURISDICTION.
This announcement is an advertisement and not a prospectus for
the purposes of the Prospectus Regulation Rules of the UK Financial
Conduct Authority (" FCA ") or otherwise and is not an offer of
securities for sale in any jurisdiction, including in or into the
United States, Canada, Australia, New Zealand, the Republic of
South Africa or Japan.
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 any ordinary shares of GBP0.02 in the capital of the
Company (" Ordinary Shares ") referred to in this announcement
except on the basis of information contained in the prospectus (the
" Prospectus ") including the risk factors set out therein,
published by Alkemy Capital Investments Plc (the " Company "), in
connection with the proposed admission of its Ordinary Shares on
the standard listing segment of the Official List of the FCA and
admission to trading on the main market for listed securities of
London Stock Exchange plc (" LSE "). A copy of the Prospectus is
available for inspection on the Company's website at
www.alkemycapital.co.uk/investors/prospectus and from the Company's
registered office.
27 September 2021
Alkemy Capital Investments Plc
("Alkemy" or the "Company)
First Day of Dealings
The Company is pleased to announce that its entire issued
ordinary share capital, consisting of 5,999,999 Ordinary Shares, is
expected to be admitted to the Standard Listing segment of the
Official List of the FCA and to trading on the London Stock
Exchange's Main Market for listed securities (together "Admission")
at 8.00am today under the ticker symbol: ALK and ISIN:
GB00BMD6C023.
On Admission, a placing raising gross proceeds of
GBP1,499,999.50 less commissions and other estimated fees and
expenses in connection with the placing (as set out in the
Prospectus) from the issue of 2,999,999 new Ordinary Shares at a
placing price of GBP0.50 per new Ordinary Share (the "Placing
Price") will complete. At the Placing Price and on Admission the
Company will have a market capitalisation of GBP2,999,999.50.
HIGHLIGHTS
-- The Company was formed to undertake an acquisition of a
controlling interest in a company or business, targeting an
acquisition in the mining and technology metals sectors;
-- The Company will look to invest in jurisdictions which are
capable of delivering the necessary approvals within a timescale
supportive of the targeted return;
-- On Admission, the Company will have successfully raised gross
proceeds of GBP1,499,999.50; and
-- The Company's directors have extensive networks within the
mining sector and technology metals sectors and associated
financial service industries spanning the world's major natural
resources focused centres from which to solicit and assess
opportunities.
STRATEGY
The Company was incorporated and registered in England and Wales
on 21 January 2021 to undertake an acquisition of a controlling
interest in a company or business (an "Acquisition").
The Board will focus on the mining and technology metals
sectors. The Company will look to invest in jurisdictions capable
of delivering the necessary approvals within a timescale supportive
of the targeted return. The Company does not have any specific
acquisition under consideration and does not expect to engage in
substantive negotiations with any target company or business until
after Admission.
There is no specific expected target value for the Acquisition.
The Company expects that any of the Net Proceeds not used to fund
on-going costs and expenses, and the costs and expenses to be
incurred in connection with seeking to identify and effect the
Acquisition, will be used mainly for the Acquisition. Any remaining
funds will be used for future acquisitions, internal or external
growth and expansion, and working capital in relation to the
acquired company or business.
Following completion of the Acquisition, the objective of the
Company will be to operate the acquired business and implement an
operating strategy with a view to generating value for its
Shareholders through operational improvements as well as
potentially through additional complementary acquisitions following
the Acquisition.
Any Acquisition by the Company will be considered a reverse
takeover and would lead to the FCA suspending the listing of the
Company's Ordinary Shares on the Official List and subsequent
cancellation of the listing. Following the Acquisition, the Company
intends to seek re-admission of the enlarged group to listing on
the Official List and to trading on the London Stock Exchange's
Main Market or seek admission to another appropriate market or
stock exchange. The Company will seek shareholder approval for any
Acquisition if the Acquisition requires the allotment of Ordinary
Shares in excess of existing authorities to issue and/or dis-apply
pre-emption rights but may not otherwise required to seek
shareholder approval for the Acquisition.
The Company's efforts in identifying a prospective target
company or business will not be limited to a particular industry or
geographic region. However, given the experience of the Directors,
the Company expects to focus on acquiring an asset or business in
the mining and technology metals.
The Directors, have extensive networks within the mining and
technology metals sectors, and associated financial service
industries spanning the world's major natural resources focused
centres from which to solicit and assess opportunities.
Following Admission, the Directors will be responsible for
procuring investment and acquisition opportunities to be considered
by the Company. The determination of the Company's post-Acquisition
strategy and whether any of the Directors will remain with the
combined company and, if so, on what terms, will be made at or
prior to the time of the Acquisition.
BOARD OF DIRECTORS
The current Directors of the Company, and in the case of Helen
Pein who has been appointed conditional on Admission, and their
respective roles are listed below.
Paul Atherley (Non-Executive Chairman)
Mr Atherley is a highly experienced senior resources executive
with wide ranging international and capital markets experience. He
graduated as mining engineer from Imperial College London and has
held a number of mine management, senior executive and board
positions during his career.
He is currently Non-executive Chairman of LSE listed Pensana Plc
and prior to that he was Chief Executive Officer of Berkeley
Energia Ltd.
Mr Atherley is a strong supporter of Women in STEM and has
established a scholarship which provides funding for young women to
further their education in science and engineering.
Sam Quinn (Non-Executive Director)
Sam Quinn is a corporate lawyer with over fifteen years' worth
of experience in the natural resources sector, in both legal
counsel and management positions. Mr Quinn is currently a partner
of Silvertree Partners, a London-based specialist corporate
services provider for the natural resources industry. In addition
Mr Quinn holds various other Non-Executive directorships and
company secretarial roles for listed and unlisted natural resources
companies. During time spent in these roles, Mr Quinn has gained
significant experience in the administration, operation, financing
and promotion of natural resource companies.
Previously, Mr Quinn worked as the Director of Corporate Finance
and Legal Counsel for the Dragon Group, a London based natural
resources venture capital firm and as a corporate lawyer for
Jackson McDonald Barristers & Solicitors in Perth, Western
Australia and for Nabarro LLP in London.
Helen Pein (Non-Executive Director)
Helen has over 30 years' experience in natural resources sector
and currently serves as a director of Trident Royalties plc, Pan
Iberia Ltd and Panax Resources Pty Ltd.
Helen was formerly a Director of Pangea Exploration Pty Ltd, a
company affiliated with Denham Capital where she was part of the
team directly responsible for the discovery of a number of
world-class gold and mineral sands deposit across Africa. Helen is
a recipient of the Gencor Geology Award.
PROSPECTUS
The prospectus prepared by the Company in connection with
Admission is available at the Company's website:
www.alkemycapital.co.uk and is available on the National Storage
Mechanism:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Hard copies of the Prospectus are also available during normal
business hours at the Company's registered offices: 1 King Street,
Office 3.05 London EC2V 8AU United Kingdom.
ADMISSION
It is expected that Admission will become effective and dealings
in the Ordinary Shares on the London Stock Exchange's main market
for listed securities will commence at 8.00 a.m. today.
** Ends **
For further information, please contact:
Sam Quinn
Director, Alkemy Capital Investments Plc
Telephone: 0207 317 0636
Email: info@alkemycapital.co.uk
FORWARD LOOKING STATEMENT
This news release contains forward -- looking information. The
statements are based on reasonable assumptions and expectations of
management and Alkemy provides no assurance that actual events will
meet management's expectations. In certain cases, forward --
looking information may be identified by such terms as
"anticipates", "believes", "could", "estimates", "expects", "may",
"shall", "will", or "would". Although Alkemy believes the
expectations expressed in such forward -- looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those projected. Mining exploration and development
is an inherently risky business. In addition, factors that could
cause actual events to differ materially from the forward-looking
information stated herein include any factors which affect
decisions to pursue mineral exploration on the relevant property
and the ultimate exercise of option rights, which may include
changes in market conditions, changes in metal prices, general
economic and political conditions, environmental risks, and
community and non-governmental actions. Such factors will also
affect whether Alkemy will ultimately receive the benefits
anticipated pursuant to relevant agreements. This list is not
exhaustive of the factors that may affect any of the forward --
looking statements. These and other factors should be considered
carefully and readers should not place undue reliance on
forward-looking information.
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END
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