TIDMSOP

RNS Number : 9189M

Spinnaker Opportunities PLC

02 May 2018

02 May 2018

Spinnaker Opportunities Plc

("Spinnaker" or "the Company")

KEY INFORMATION DOCUMENT

Spinnaker Opportunities Plc (LON: SOP), the standard listed cash shell established to make a material acquisition in the energy or industrial sectors advises that a Key Information Document ("KID") has been posted to the Library section of the Company's website.

A KID is a new regulatory requirement that is designed to assist retail investors considering investing in packaged investment vehicles. Whilst it is debatable whether or not a cash shell such as Spinnaker falls under the requirements, some investors have reported problems with intermediaries declining to allow them to purchase the Company's shares in the absence of a KID. The board has therefore taken the pragmatic decision to compile a KID to facilitate trading in the Company's shares.

 
  Enquiries 
 
 Spinnaker Opportunities                          Tel: +44 (0)7980 878 
  Andy Morrison, Chairman                                          561 
 Website: http://www.spinnakeropportunities.uk/ 
 
 SP Angel (Financial Adviser                       Tel: +44 (0)20 3470 
  and Joint Broker)                                               0470 
  Lindsay Mair 
  Caroline Rowe 
 SI Capital (Joint Broker)                        Tel: +44 (0)1483 413 
  Nick Emerson                                                     500 
  Blytheweigh (Financial                           Tel: +44 (0)20 7138 
  PR)                                                             3204 
  Nick Elwes 
  Simon Woods

About Spinnaker Opportunities

Spinnaker Opportunities (LON: SOP) is listed on the standard list of the London Stock Exchange, led by a management team with extensive expertise in the oil & gas/energy industries. Spinnaker's strategy is to seek a single material acquisition with a view to performing a Reverse Takeover to generate an attractive capital return to its shareholders by achieving a valuation uplift upon RTO and by selecting a target business that has significant further value growth potential following acquisition.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUUAORWOAVRAR

(END) Dow Jones Newswires

May 02, 2018 09:15 ET (13:15 GMT)

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