04 March 2021
Marechale Capital
plc
(“Marechale” or the “Company”)
Trading Update
Marechale Capital Plc (AIM: MAC) provides an update on its
current trading.
Further to the announcement of 26 January
2021, Marechale recently completed a strategic fundraising
to put the Company in a better position to take advantage of
opportunities that are presented to Marechale in connection with
its work for corporate clients whereby Marechale takes shares,
founder shares or long term warrants in lieu of or in addition to
cash fees. The Company sees significant potential for growth
within the technology, alternative and renewable energy and leisure
and hospitality sectors as the economy recovers from the current
pandemic and the Directors consider that a stronger balance sheet
will allow it greater scope to capitalise on and participate in
client financing opportunities on advantageous terms.
Recent transactions concluded by the Company include providing
strategic advice to a high growth energy business, which is
planning a realisation event in the short term, whereby the Company
was able to receive a greater proportion of shares and warrants as
part of its advisory fees. In addition, Marechale is now
better positioned to invest in and support its corporate clients
alongside its investor relationships which it has recently done
with a growing global technology group which is on the cusp of its
first commercial contract. In this transaction, the Company
received further shares in a new equity round, at a premium
valuation to previous rounds, together with increasing its warrant
position. Finally, the Company completed a short-term, high
yielding loan note funding round through its investor contacts, in
which it was also able to participate and receive warrants, for a
UK hospitality brand with the potential for high growth. The
board believes these investments and other maturing warrants and
equity and founder equity investments in the Marechale corporate
finance portfolio have the potential to generate material value to
shareholders.
Marechale is an established corporate finance firm providing
strategic, M&A and advisory services helping to provide finance
for earlier stage and growth capital companies from its family
office, private investor and private equity relationships where it
often co invests. The majority of the Company’s recent share
placing funding has been invested in, or committed to, a number of
these completed and ongoing transactions, taking the form of equity
at attractive valuations and short-term, high yielding loans with
warrants attached.
This announcement contains inside
information for the purposes of Article 7 of EU Regulation 596/2014
(which forms part of domestic UK law pursuant to the European Union
(Withdrawal) Act 2018).
For further information please
contact:
Marechale Capital plc
Mark Warde-Norbury / Patrick Booth-Clibborn |
Tel: +44 (0)20 7628
5582 |
Cairn Financial Advisers LLP (Nomad)
Jo Turner / Sandy Jamieson / Mark Rogers |
Tel: +44 (0)20 7213
0880 |
Novum Securities Limited (Broker)
Colin Rowbury |
Tel: +44 (0)20 7399
9427 |