Red Capital PLC First Day of Dealings (8580S)
November 19 2021 - 2:00AM
UK Regulatory
TIDMREDC
RNS Number : 8580S
Red Capital PLC
19 November 2021
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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 not an advertisement for the purposes of
the Prospectus Rules of the UK Financial Conduct Authority ("FCA")
and not a prospectus and not an offer to sell, or a solicitation of
an offer to subscribe for or to acquire securities. 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 or
subscribe for any transferable securities referred to in this
announcement except on the basis of information contained in the
prospectus (the "Prospectus") which has been published by Red
Capital Plc in connection with the proposed admission of its
ordinary shares to the standard listing segment of the Official
List maintained by the FCA and to trading on the London Stock
Exchange plc's main market for listed securities. Copies of the
Prospectus are available for inspection from
www.redcapitalplc.com.
RED CAPITAL PLC
("Red Capital" or the "Company")
First Day of Dealings
Red Capital Plc (LSE: REDC) the specialist investment company,
announces the admission of its entire issued share capital to
trading on the London Stock Exchange. Admission will take place and
dealing will commence at 8.00 a.m. today under the ticker REDC and
ISIN JE00BLB56J12.
Highlights
-- Red Capital is focused on investment and acquisition
opportunities in the business services and technology sectors
-- Company is led by David Williams as Chairman, and Simon
Webster as Director, both of whom have substantial experience
creating value through accelerated buy-and-build growth
strategies
-- Initial placing of GBP1 million to be used to support the
Company's M&A search and diligence activities in pursuit of its
first acquisition
David Williams, Chairman, said:
"I am delighted to be teaming up with Simon on this new venture.
As a highly experienced software and technology entrepreneur, Simon
has a superb track record in creating high performing technology
organisations, most recently as CEO of CPA Global, which he led
over a 20-year period through to its eventual $6 billion merger
with NYSE listed Clarivate Plc last year.
"We are seeing a number of interesting opportunities at present,
and a London listing creates an ideal foundation from which we can
launch our growth strategy."
The Company's Prospectus is available to view on its website at
www.redcapitalplc.com.
Enquiries:
Tessera - Strategic Adviser +44 (0)77 4218 9145
Tony Morris
Katie Long info@redcapitalplc.com
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