Marechale Capital PLC Client Fundraise Completed (8123K)
06 September 2021 - 4:48PM
UK Regulatory
TIDMMAC
RNS Number : 8123K
Marechale Capital PLC
06 September 2021
6 September 2021
Marechale Capital plc
("Marechale" or the "Company")
Completed Fundraise for UK Based Lithium Exploration Client
Marechale Capital Plc (AIM: MAC), an established corporate
finance firm providing strategic, M&A and advisory services to
a range of growth companies, is pleased to announce that it has
completed a transaction with the lithium exploration and
development company, Weardale Lithium Ltd ('WLL'), in which
Marechale has an 8.7 per cent shareholding.
In connection with its role in the transaction, Marechale
subscribed for founder shares at nominal value. Based on the value
of the recently completed fundraising transaction for WLL,
Marechale Capital's shareholding in WLL is valued at GBP1.5
million, excluding additional undated warrants which were awarded
as part of its transaction fees for advising, and raising funds
for, the company. Additionally, Marechale has secured the right to
be awarded further warrants over WLL shares for any involvement in
future fundraising rounds. Mark Warde-Norbury (Chairman of
Marechale) has joined the board of WLL as a non-executive
director.
WLL is a lithium exploration and development business based in
the Weardale Valley, County Durham in the north of England.
According to the Climate Change Committee, 46 per cent. of all cars
on the road will need to be zero-emission vehicles by 2030 in order
to meet the UK Government's plan to cut carbon dioxide emissions by
68 per cent. Lithium is a key component in hybrid and electric
vehicle batteries, making it a sought-after commodity. With the
rise in electric vehicle manufacturing, lithium producers
anticipate increasing demand for years to come. Marechale's holding
in WLL provides its shareholders with the opportunity to invest in
what is expected to be one of the first lithium exploration and
development companies in the north of England.
This transaction is an example of the most recent equity
investment in a client venture, and is over and above the balance
sheet increase recently announced in the Company's annual results.
The majority of Marechale's share placing funding from earlier in
the year has been invested in, or committed to, a number of these
completed and ongoing transactions, taking the form of equity at
attractive valuations and high yielding loans with warrants
attached.
Marechale continues to maintain a healthy pipeline of new
corporate finance projects, and the board believes that the
accumulating and maturing warrants, equity and founder equity
investments in the Marechale corporate finance portfolio of client
opportunities have the potential to generate material value to
shareholders in the short and long term.
Patrick Booth-Clibborn, CEO of Marechale Capital, commented:
"This transaction is an exciting addition to the Marechale
portfolio and bolsters our exposure to the renewable energy
markets. As the UK and Europe set their sights on a carbon neutral
future, the role of lithium in electric vehicles and green
technologies will continue to grow in importance and we are
delighted to have assisted Weardale Lithium Limited as it starts to
explore the presence of lithium in the north of England.
"As highlighted in our recent results, Marechale is
strengthening its balance sheet and we have a healthy pipeline of
new corporate finance projects ahead of us. We are excited by the
potential upside for a number of our corporate finance clients
where we have founder equity and warrants."
- ENDS -
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information please contact:
Marechale Capital plc Tel: +44 (0)20 7628
Mark Warde-Norbury / Patrick Booth-Clibborn 5582
Cairn Financial Advisers LLP (Nomad) Tel: +44 (0)20 7213
Jo Turner / Sandy Jamieson / Mark Rogers 0880
Blytheweigh (Financial PR) Tel: +44 (0)78 7574
Tim Blythe / Megan Ray / Alice McLaren 4070
About Marechale Capital
Marechale is an established corporate finance firm providing
strategic, M&A and advisory services to a range of growth
companies, historically primarily in the hospitality and renewable
energy sectors in the UK and Europe. Marechale also finances
earlier stage and growth capital companies across other sectors
with business and funding opportunities coming from its family
office, private investor and private equity relationships .
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