NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
This announcement does not constitute a prospectus or offering memorandum or an offer in relation to any securities of
This announcement contains inside information for the purposes of the Market Abuse Regulation (EU No. 596/2014) (“MAR”). Upon the publication of this announcement, this inside information is now considered to be in the public domain and shall therefore cease to be inside information.
Alternative investment company
In addition, the Company has made available a convertible loan facility of up to
As a result of these transactions, on admission of Vulcan to AQSE Growth Exchange, the Company will hold shares representing approximately 4.56% of Vulcan’s enlarged share capital.
The company developed a network of professionals that are able to deliver a continuous deal flow of acquisition targets that exhibit the criteria and characteristics which support their long-term strategy to create a large industrial conglomerate with in the next few years.
Vulcan’s managers are confident of their expectation to complete a number of value-enhancing acquisitions which will generate significant synergies and further growth in the coming years.
‘We are delighted to announce the investment and debt facility that we have granted to Vulcan. We are keen to help finance quality, high growth companies seeking admission to trading on markets like AQSE.
Placing of Ordinary Shares of the Company
The net proceeds of the Placing will be used by the Company for working capital purposes.
Applications have been made for admission of the Placing Shares to AQSE. It is expected that settlement for the Placing Shares and Admission will take place at
The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares in the Company.
Following the admission of the Placing Shares, the Company’s total issued share capital will consist of 26,324,316 ordinary shares, each share carrying the right to one vote.
The above figure of 26,324,316 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
The Company’s website is www.first-sentinel.com
For further corporate information, please contact:
Tel: + 44 (0) 7876 888 011
AQSE Corporate Adviser
Tel: +44(0)20 7628 3396