Simian Global Plc Publication of Prospectus and Admission to Trading
11 January 2017 - 9:21PM
UK Regulatory
TIDMSMG
10 January 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN,
INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA,
THE REPUBLIC OF IRELAND OR JAPAN.
Simian Global Plc
("Simian Global" or the "Company")
Publication of Prospectus and Admission to Trading
Simian Global Plc (LSE: SMG), is pleased to announce that it has successfully
completed the subscription of 5,130,000 ordinary shares of 10 pence each
("Ordinary Shares") at a price of 15 pence per share raising a total of GBP
769,500. The Company's enlarged share capital of 6,230,000 Ordinary Shares will
be admitted to the Standard Listing segment of the Official List of the UK
Listing Authority and to trading on the London Stock Exchange Main Market for
listed securities (together, "Admission").
Admission will become effective and dealings will commence at 8.00 a.m. today,
10 January 2017.
Simian Global, is a special purpose acquisition company ("SPAC") incorporated
in the United Kingdom and established to undertake the acquisition of a company
or a business in the technology, media and telecommunications ("TMT") sector.
Company Strategy:
· Simian Global is seeking to acquire companies within the TMT sector to
capitalise on growing consolidation opportunities and create shareholder value
by driving positive change. The company is looking at targets across the entire
TMT value chain.
· The management team, consisting initially of Edward Ng and Ajay Rajpal,
have international experience in sourcing M&A opportunities.
· As part of any acquisition, the Company will seek re-admission of the
enlarged group following the acquisition through a reverse takeover to trading
on the London Stock Exchange or admission to another stock exchange.
· Simian Global's management team is looking for a company with a strong
competitive industry position; large potential for growth, particularly on a
cross-border, international basis; a strong and experienced management team.
Edward Ng, the Company's Executive Director commented: "The global TMT
marketplace, is one of the largest but most fragmented markets in the world.
This, combined with an increasing demand from key customers for pan-regional
expertise and coverage, means that this largely de-consolidated market is
primed for investment and consolidation.
The knowledge and experience of the Board will drive implementation of the
defined company strategy, with a key focus on enhancing shareholder value and
generating strong returns for investors.
We are very pleased to have secured investment for the Admission and look
forward to executing our stated acquisition strategy for the benefit of all our
shareholders."
Availability of the Prospectus
The Prospectus has been approved by the UK Listing Authority and a copy has
been submitted to the National Storage Mechanism and will shortly be available
for inspection at: www.morningstar.co.uk/uk/NSM.
Copies of the Prospectus are also available at the Company's registered address
at Finsgate, 5-7 Cranwood Street, London, EC1V 9EE and from the Company's
website at www.simianglobal.com.
ENDS
Enquiries:
Simian Global Plc
Ajay Rajpal
Tel: +44 (0)20 7866 2145
Peterhouse Corporate Finance Limited
Fungai Ndoro
Duncan Vasey
Tel: +44 (0)20 7469 0930
END
(END) Dow Jones Newswires
January 11, 2017 05:21 ET (10:21 GMT)
Smg (LSE:SMG)
Historical Stock Chart
From Apr 2024 to May 2024
Smg (LSE:SMG)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Simian Glbl (London Stock Exchange): 0 recent articles
More Simian Glbl News Articles