19th Jan 2015 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is an advertisement and not a prospectus. This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan. Investors should not subscribe for or purchase any transferable securities referred to in this announcement except on the basis of information in the prospectus (the "Prospectus") to be published by the Company in due course in connection with the admission of its ordinary shares to the Official List of the UK Listing Authority (the "UKLA") (by way of a standard listing under Chapter 14 of the listing rules published by the UKLA (the "Listing Rules")) and to trading on London Stock Exchange plc's (the "London Stock Exchange") main market for listed securities (together "Admission").
19 January 2015
VERTU CAPITAL LIMITED
Placing and Admission to Official List
Vertu Capital Ltd ("Vertu" or the "Company") announces the successful placing of 80,000,000 new ordinary shares of £0.01 each in the Company (the "Placing") with institutional and other investors and the admission of its entire share capital, being 100,000,000 ordinary shares of £0.01 each ("Ordinary Shares"), to the Official List of the UKLA by way of a standard listing under Chapter 14 of the UKLA's Listing Rules) and to trading on the London Stock Exchange's main market for listed securities.
Vertu has raised gross proceeds of £800,000 under the Placing.
Vertu has been formed to undertake an acquisition of a target company or business in the financial services sector. The Company's efforts in identifying a prospective target company or business will be focused in the geographic region of Asia and Europe. However, the Company expects to draw on the extensive experience of the Company's Directors in sourcing and successfully executing such transactions.
Admission
It is expected that Admission will become effective and dealings in the Ordinary Shares on the London Stock Exchange's main market for listed securities will commence at 8.00 a.m. today under the ticker symbol 'VCBC'.
Prospectus
Copies of the Prospectus published by the Company in connection with Admission will be published on the Company's website at http://www.vertucapital.co.uk/page/notice and hard copies will also be available at the offices of the Company's financial adviser, broker and placing agent, Optiva Securities Limited, 2 Mill Street, Mayfair, London W1S 2AT.. The Prospectus is also available at the FCA's Document Storage Mechanism at http://www.morningstar.co.uk/uk/NSM.
Contact details:
Vertu Capital Ltd | www.vertucapital.co.uk |
Kiat Wai (William) Du, Director | Tel: 020 7389 5010 or [email protected] |
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Optiva Securities Limited |
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Vishal Balasingham (Corporate Broker) | Tel: 020 3411 1882 or [email protected] |
Jeremy King (Corporate Finance) | Tel: 020 313 71904 or [email protected] |
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Walbrook PR Ltd | Tel: 020 7933 8780 |
Paul McManus | Mob: 07980 541 893 or [email protected] |
Bob Huxford | Mob: 07747 635 908 or [email protected] |
Related Shares:
VCBC.L