Emisión de equidad
La Compañía considera que la información contenida en este anuncio constituye información privilegiada de conformidad con el artículo 7 del Reglamento de la UE 596/2014, ya que forma parte de la legislación nacional del Reino Unido en virtud de la Ley (Retiro) de la Unión Europea de 2018, según enmendada. Tras la publicación de este anuncio a través de un Servicio de Información Regulatoria, esta información privilegiada ahora se considera de dominio público.
26 de marzo de 2024
Oportunidades en adelante limitadas
("Onward Opportunities" o la "Compañía")
Emisión de equidad
Subscription to raise approximately £1.66 million
Onward Opportunities Limited, the UK smaller company focussed investment company, is pleased to announce that in response to investor demand it has raised gross proceeds of approximately £1.66 million by way of a direct subscription (the "Subscription"), by new and existing investors, for 1,513,240 new ordinary shares (the "Subscription Shares") at a price of 110 pence per new ordinary share (the "Subscription Price"). The Subscription Price represents a premium of 2.0 per cent. to the Company's unaudited net asset value per ordinary share as at 29 February 2024 of 107.8 pence per existing ordinary share.
The Board and Portfolio Manager continue to believe that there are compelling structural factors underpinning the investment strategy and that prevailing market conditions create an environment in which the Portfolio Manager has the ability to generate aggregated portfolio returns in excess of 15 per cent. per annum over the long term. The net proceeds of the Subscription of approximately £1.61 million will provide the Company with additional resources with which to pursue its stated investing policy.
Onward Opportunities was launched on 30 March 2023 and was the first investment company to list on AIM since November 2021. The Company recently reported its Q4 Factsheet for the period to 31 December 2023, noting a rewarding first financial year of investment performance (NAV growth) for the Company of 11.3% since inception.
Laurence Hulse, Lead Fund Manager of Onward Opportunities Limited, commented: "We are establishing encouraging early signs that Onward Opportunities has a strategy to generate absolute returns for our shareholders. We are delighted to have been able to raise additional capital for the second time in twelve months. This will enable the company to capitalise on an exciting pipeline of opportunities and will be deployed into additional investments for the portfolio."
Application has been made for the Subscription Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on or around 27 March 2024 and the Subscription Shares will, on issue, rank al mismo ritmo en todos los aspectos con las acciones ordinarias existentes de la Compañía.
En el momento de la Admisión, la Sociedad tendrá un total de 17,540,530 acciones ordinarias en circulación. No se mantienen acciones ordinarias en tesorería. Los accionistas de la Compañía pueden utilizar la cifra de 17,540,530 como denominador en los cálculos mediante los cuales determinarán si están obligados a notificar su interés o un cambio en su interés en la Compañía según la Guía de Divulgación de la Autoridad de Conducta Financiera y Normas de Transparencia.
Related Party Participation in the Subscription
Dowgate Wealth Limited (the "Portfolio Manager"), the Company's Portfolio Manager and a Substantial Shareholder of the Company, and its affiliates have subscribed for 696,470 Subscription Shares. As a result, and on Admission, the members of the Concert Party in the Company will collectively hold an aggregate of 9,719,826 ordinary shares in the Company, representing 55.4 per cent. of the Company's enlarged issued ordinary share capital.
The directors of the Company, having consulted with the Company's nominated adviser, consider that the terms of the participation of the Portfolio Manager in the Subscription are fair and reasonable insofar as shareholders are concerned.
PARA MAS CONSULTAS:
Oportunidades en adelante limitadas Andrew Henton, presidente
| Tel.: +44 (0) 20 3416 9143 |
Dowgate Wealth Limited (gestor de cartera) Laurence Hulse, director de inversiones
| Tel.: +44 (0) 20 3416 9143 |
Cavendish Capital Markets Limited (asesor designado y conjunto Broker) Ben Jeynes / Camilla Hume / Dan Hodkinson / Hamish Waller Michael Johnson/George Budd (Ventas)
| Tel: + 44 (0) 207 220 0500 |
Dowgate Capital Limited (Conjunto Broker) Russell Cook/Nicholas Chambers
| Tel.: +44 (0) 20 3903 7715 |
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Para obtener más información, visite: www.onwardopportunities.co.uk
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