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Neville Registrars is delighted to welcome Solid State PLC as the newest addtion to its list of client companies.

Solid State PLC is a high value-add manufacturer and specialist design-in distributor to the electronics industry. It has particular expertise in computing technologies, electronic components, secure communications and batteries. Typical clients operate in aerospace, environmental, government, oil & gas and transportation markets.

Further information can be found on the Company's website: https://www.solidstateplc.com/

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RNS Number : 1728G

World Trade Systems PLC

24 May 2017

 

World Trade Systems PLC

17 May 2017

 

WORLD TRADE SYSTEMS PLC ("WTS") 

 

17th May 2017

 

WTS plc announces that it has entered into a memorandum of understanding ("MOU") in connection with a commercial cooperation agreement with a well-established international company that aligns with the overarching goals and vision of WTS plc.  The Board of WTS believes that this will result in the expansion of the business of WTS China by diversifying its product range and extending its market reach. R&D and market distribution co-operation with Biestmilch GmbH ("Biestmilch")

WTS plc has entered into an MOU with 'Biestmilch' which was founded in 1999 by Dr Susann Kraftner , based in Lindau, Germany. 

Dr Susann Kraftner and Dr Arne Schumacher are the current Managing Directors. Dr Kraftner has over 19 years' experience in the development of Biestmilch products. She is also an author and medical doctor with experience of working in pharmaceutical organisations.

Beistmilch has already developed promising high end products for immune system performance and anti-depression chewable tablets with excellent results. Biestmilch has established their tested and effective products including the chewable tablets, to assist with immunity and the conditions of stress. Beistmilch's booster tablets have been described as "kicks in stronger than coffee while boosting your immunity at the same time". Biestmilch's object is to create a market leading brand of biological body immunity boost food.

WTS plc believes that through close collaboration with Biestmilch we can pool market knowledge and R&D resources to help both companies achieve synergistic benefits by distributing new healthcare and cell based products in an international market.

 

 WTS plc will seek any necessary authorities in due course.

 

For more information, please contact the following:

World Trade Systems plc

Mr. Shao Chen, Vice Chairman, shaochen@wtscn.com

Mr. AKM Ismail, Executive Director, akm.ismail@gmail.com

 

Information on WTS plc

WTS plc is a health food products company that develops, manufactures and distributes health food products targeted at mid/high end consumers. Having previously had no business activities for a number of years, the Company began its current business activities in July of 2016 and is in the process of applying for a re-listing of its shares on the Standard Segment of the Official List of the Financial Conduct Authority.

Information on WTS China

Based on its expertise in the Chinese health food industry, with a focused product strategy, a progressive marketing plan, and in depth understanding of consumer trends, WTS China aims to become a comprehensive health food solution provider. WTS China is located in Suzhou, Jiangsu Province, in the central part of eastern China.

WTS China's current health drinks use collagen and other natural ingredients aimed at providing consumers with healthy food supplements containing nutrients which aim to support the body's immune system, improve digestion, lower cholesterol and blood pressure and promote healthier organ functions, smoother and more elastic skin and better complexion. WTS China is active in R&D developing additional products.

WTS China's  vision is to become a leading player in distributing many high quality health food products throughout China.

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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STREAESLAEDXEAF

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RNS Number : 0136G

Trakm8 Holdings PLC

24 May 2017

 

24 May 2017

TRAKM8 HOLDINGS PLC

 

("Trakm8" or the "Group")

 

Roadside Assistance Technology Company Awards Trakm8 Telematics Contract

 

 

Trakm8, the AIM-listed telematics and data provider, is pleased to announce it has been awarded an initial contract by a roadside assistance technology company, to supply devices and data.

 

The initial contract includes a number of devices for the initial launch, along with integration engineering fees.

 

The contract is for launch in July 2017 to the customer's roadside assistance partners in Europe.  The initial focus will be in the UK and Holland. It is expected that the solution will be extended to other European markets in due course.

 

Trakm8 will provide its latest generation Connect 300 plug in telematics device. Data supplied will be from the Trakm8connectedcare solution to monitor the vehicle health and usage based on Trakm8's extensive automotive diagnostic knowledge.

 

 

John Watkins, Executive Chairman of Trakm8 commented: 

"We are delighted to win another customer for Trakm8's automotive telematics solutions. We have been providing telematics on extended trial with our Trakm8connectedcare product for about 12 months. It is also encouraging that this solution is expected to be offered in multiple countries.

 

"This contract is expected to be a significant one and provides additional visibility for our expectations for this financial year and beyond."

 

 

-ends-

 

For further information please contact:

 

Trakm8 Holdings plc	+44 (0) 174 785 8444
John Watkins, Executive Chairman
James Hedges, Finance Director
finnCap (Nomad and broker)	+44 (0) 20 7220 0500
Ed Frisby / Simon Hicks – corporate finance
Tim Redfern / Richard Chambers – corporate broking
MHP Communications	+44 (0) 20 3128 8100
Reg Hoare
Charlie Barker

 

About Trakm8

Trakm8 is a UK based technology leader in fleet management, insurance telematics, optimisation and dashboard camera systems. Through IP owned technology, the Group analyses data collected by its installed base of telematics units to fine tune the algorithms that are used to produce its telematics based solutions; these score driver behaviour, monitor vehicle health and continuously improve the security and operational efficiency of both private drivers and company fleets.

 

The Group's product portfolio includes cameras (including the recently launched integrated telematics camera), self-installed telematics units and technology to eliminate distracted driving due to mobile phones, and it has over 191,000 installed units reporting to its servers. 

 

Headquartered in Dorset with a manufacturing facility in the West Midlands, the Group supplies, through its dedicated business units Fleet, Optimisation, Insurance and Automotive, many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Direct Line Group and Young Marmalade.

 

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

 

www.trakm8.com / @Trakm8

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

 

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CNTUOSSRBSAVUAR

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RNS Number : 0154G

SpaceandPeople PLC

24 May 2017

 

24 May 2017

SpaceandPeople plc

Prestigious Property Win

SpaceandPeople has signed an exclusive contract with British Land for experiential marketing and outdoor opportunities in their London portfolio of venues

SpaceandPeople (AIM: SAL), the retail, promotional and brand experience specialist, is pleased to announce it has commenced an exclusive multi-year contract to manage the promotional space across British Land's portfolio of outdoor public spaces in London.

Having entered an exclusive contract with British Land during 2015 to manage the promotional space across their shopping centre and outdoor shopping park portfolios, they have now extended this agreement to include their London outdoor venues.

These venues include the prestigious Broadgate, Paddington Central and Regent's Place.

Matthew Bending, SpaceandPeople CEO, said:

"This is a significant endorsement of SpaceandPeople, with a major client choosing to extend their relationship with us to include a number of the most prominent public spaces in London."            

Contact details: 

SpaceandPeople Plc	0845 241 8215
Matthew Bending, Gregor Dunlay
Cantor Fitzgerald Europe	020 7894 7000
David Foreman, Will Goode (Corporate Finance)
Alex Pollen (Sales)

 

About SpaceandPeople

SpaceandPeople facilitates and manages promotional space for marketing campaigns and retailing in shopping centres, railway stations, retail parks, airports and other high footfall locations. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company operates in the UK and Germany and also in India.

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 7329F

Nanoco Group PLC

22 May 2017

 

                                                                                                            

                   Nanoco and Kyulux Inc. Sign Agreement to Develop Next Generation Displays

 

The creation of Cadmium-Free Quantum Dot Hybrid QLED – OLED Technology Offers the Potential of Vastly Superior Displays

MANCHESTER, UK & CONCORD, Mass. USA, 22 May 2017 – Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, and Kyulux Inc., a world leader in developing and delivering the next generation of organic light emitting diode (OLED) technology today announced the signing of a collaboration and joint development agreement.

Under the agreement, Nanoco's heavy metal free quantum dots (CFQD quantum dots) will be combined with Kyulux's Hyperflourescent 'thermally activated delayed fluorescence' ("TADF") technology to create future generation hybrid OLED / QLED display technology with  superior qualities to existing products in the display market.

In addition to offering a high degree of brightness and pure color, the combination of technologies means the displays will be cost effective for manufacturers and highly energy efficient for consumers.

"We are excited by the potential of this partnership, which brings together two global leaders in their fields," said Nanoco's Chief Executive Officer Michael Edelman. "By combining the best of quantum dot technology with the best of new generation OLED technology, we will bring world-class display technology to market.  We have great confidence in our ability to deliver our current technology to the display market as planned.  Innovation is core to Nanoco and this partnership complements our existing strategy to deliver cutting edge technology to the display market without increasing our cash burn."

 

"Kyulux is delighted to collaborate with Nanoco on this project, which will produce a vast improvement in display technology," said Christopher Savoie, Chief Executive Officer of Kyulux Inc. "As well as enhancing brightness and color, our next generation of display devices will be both cost effective and highly energy efficient.  This will offer a technology breakthrough, particularly in the manufacture of ultra-high definition large screen devices."

 

Under the terms of the agreement, Nanoco and Kyulux will jointly develop and market this future display technology.

ABOUT KYULUX

Kyulux is a leader in developing and delivering the next generation of organic light emitting diode (OLED) technology, TADF. Kyulux develops and sells TADF and Hyperfluoresence based OLED materials and solutions to manufacturers in the display and lighting industries.

 Founded in 2015, the Company currently owns or has exclusive, co-exclusive or sole license rights to a large TADF intellectual property portfolio developed over the past seven years at Kyushu University and its industrial partners. Kyulux also enjoys a license to cutting-edge deep learning-based artificial intelligence technology for chemical discovery developed at Harvard University.

 Kyulux's cofounder and the inventor of TADF technology, Prof. Chihaya Adachi, is widely viewed as the top global researcher in OLED technology, having been a key author and inventor in all previous generations of OLED materials that are now used everyday by consumers across the globe.

Based in Fukuoka, Japan, with an advanced research and development center in Boston, Massachusetts.  For further information please visit:  www.kyulux.com

ABOUT NANOCO

Nanoco (LSE: NANO) harnesses the power of nano-technology to create a brighter, more sustainable future. Based on breakthrough science, Nanoco's proprietary manufacturing process enables the large-scale production of its cadmium-free CFQD® quantum dots for multiple applications:

·     LCD display, where Nanoco's CFQD® quantum dots give consumers peace of mind to enjoy next-generation color performance and energy efficiency without allowing toxic chemicals into their homes.

·     Lighting, where Nanoco's CFQD® quantum dots are used in horticulture to safely speed plant growth.

·     Healthcare, where Nanoco's CFQD® quantum dots are opening new, potentially life saving uses in bio-imaging.

·     Solar, where Nanoco's CFQD® quantum dots are incorporated into printable solar inks for future thin, highly efficient and low cost solar cells.

 

Nanoco has non-exclusive manufacturing and marketing licensing agreements in display with The Dow Chemical Company, Merck KGaA of Germany, and Wah Hong Industrial Corporation of Taiwan. Through these partners and its own production facilities in Runcorn, UK, Nanoco is creating the world's largest manufacturing ecosystem for cadmium-free quantum dots.

 

Nanoco was founded in 2001 and is headquartered in Manchester, UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a world-class, patent-protected IP portfolio generated both by its own innovation engine, as well as through acquisition. 

 

Nanoco is listed on the main market of the London Stock Exchange and trades under the ticker symbol NANO.  For further information please visit: www.nanocogroup.com.

 

For further information, please contact:

 

MHP Communications	Tel: +44 (0) 20 3128 8788
Reg Hoare / Andrew Leach / Giles Robinson nanoco@mhpc.com

 

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 7028F

Water Intelligence PLC

22 May 2017

 

 

 

Water Intelligence plc ("Water Intelligence" or the "Company")

American Pool Enterprises Agreement

 

Water Intelligence plc announces the signing and launch of the Company's first formal national partnership for pool leak detection and repair between its core brand – American Leak Detection – and American Pool Enterprises.

 

American Pool is the largest commercial swimming pool management, maintenance, construction and recreational facility management operation in the United States. American Pool operates in 16 U.S. states and Washington DC with an international location in Toronto, Ontario Canada.  American Leak Detection is the leading minimally invasive water leak detection and repair company in the United States with corporate and franchise operations in 42 states and Washington D.C. with international operations in Toronto and Alberta, Canada as well as in Australia and the UK. Pool leak detection and repair has been part of the core service offering of American Leak Detection since its founding. Both companies were founded in 1984.

 

Because of American Pool's business scope, American Leak Detection will use the same execution protocols that it has with national insurance company customers in order to provide American Pool with priority service.  American Pool Enterprises serves over 3,000 commercial swimming facilities and over 9,400 residential pools. The commercially-focused business serves apartments, homeowner associations, country clubs, swim clubs, hospitality businesses, condominiums, fitness clubs and active adult communities.

 

Patrick DeSouza, Executive Chairman of Water Intelligence plc commented, "Our business to business approach will leverage our existing US and Canadian footprint both to provide a full range of solutions to the problem of water loss and to reduce administrative costs for American Pool.  We are excited about the opportunity to work with the leading company in pool management. We share the same customer-centric values."

 

Daniel Lawler, Chief Operating Officer for American Pool Enterprises states, "We have always conducted business with the philosophy that our clients deserve the absolute best in safety and service. I am excited that we have established a relationship that does just that. We are now able to present supplementary solutions to our customers, satisfying the high demand during our peak season.   

 

Enquiries:  

Water Intelligence plc            Patrick DeSouza, Executive Chairman	T: +1 203 654 5426
finnCap Ltd Adrian Hargrave / Giles Rolls, corporate finance Stephen Norcross, corporate broking	T: +44 (0) 207 220 0500
American Pool Enterprises, Inc. Dan Lawler, Chief Operating Officer	T: 443-471-1190 dlawler@americanpool.com

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 7403F

Midatech Pharma PLC

22 May 2017

 

 

 

 

22 May 2017

Midatech Pharma PLC

("Midatech", "Company" or "Group")

 

Midatech announces progress update on brain cancer therapies

 

Midatech Pharma (AIM: MTPH, Nasdaq: MTP), the international specialty pharmaceutical company focused on developing and commercialising products in oncology, announces that it has selected its preferred candidate for testing in glioblastoma (GBM) brain cancer.  The compound is under final evaluation with some key pre-clinical studies to confirm efficacy before being progressed into IND enabling trials and thereafter full development studies. Additional candidates are also being evaluated in parallel.

 

The GBM candidate is based on Midatech's gold nanoparticle technology which aims to improve the delivery of currently marketed drugs to be specifically targeted at the tumour cells while sparing healthy tissue, thereby reducing side effects and enhancing efficacy. Worldwide, it is estimated that there are 240,000 cases of brain and nervous system tumours per year, of which GBM is the most common and the lowest survival rate, typically only 12 to 15 months.

 

Midatech has a portfolio of brain cancer product candidates that are being developed with the goal of treating brain tumours via either systemic administration and crossing the blood brain barrier (BBB); and/or via intra-tumoural administration using a convection enhanced delivery technique that bypasses the BBB and delivers therapies directly into the tumour.

 

Midatech is developing MTX110, a potential treatment for DIPG (diffuse intrinsic pontine glioma), an ultra-rare childhood brain cancer for which there is currently no satisfactory treatment. Patients' average survival time is currently just 7-9 months. Clinical trials with MTX110 are expected to start in H2 2017 and, following requests from DIPG physicians, the product has also been made available on a compassionate use basis with several patients under treatment.  Brainstem tumours comprise approximately 10-15% of all paediatric brain tumours, of which the most common subtype (80%) is DIPG estimated to affect 2.5 per 1,000,000 patients in the US and EU annually.

 

Commenting on this progress, Jim Phillips, CEO of Midatech Pharma, remarked: "Midatech is developing a range of product candidates for patients using potentially improved forms of cancer therapies.  Midatech's objective is to maximise tumour shrinkage effects while minimising effects on normal cells through its 'right place, right time' technology.  The selection of a preferred candidate to treat glioblastoma is an important milestone as we look to advance our products into the clinic for challenging cancers for which patients currently have a very poor prognosis."

 

– Ends –

 

For more information, please contact:

 

Midatech Pharma PLC

Jim Phillips, CEO

Tel: +44 (0)1235 841575

www.midatechpharma.com

 

Panmure Gordon (UK) Limited (Nominated Adviser and Broker)

Corporate Finance

Freddy Crossley / Duncan Monteith

Broking

Tom Salvesen

Tel: +44 (0)20 7886 2500

 

Consilium Strategic Communications (Financial PR)

Mary Jane Elliott / Ivar Milligan / Cameron Standage

Tel: +44 (0)20 3709 5700

Email: midatech@consilium-comms.com

 

Westwicke Partners (US Investor Relations)

Chris Brinzey

Tel: +1 339 970 2843

Email: chris.brinzey@westwicke.com

 

Notes for Editors

 

About Midatech Pharma PLC

 

Midatech is an international specialty pharmaceutical company focused on oncology with a US commercial operation marketing four cancer care supportive products, and co-promoting two others. Midatech's strategy is to internally develop oncology products and collaborate with partners, and to drive growth both organically and through strategic acquisitions. The Company's R&D activities are supported by two breakthrough drug delivery technologies: Q-Sphera for sustained release and our proprietary gold nanoparticles. The Group, listed on AIM: MTPH and Nasdaq: MTP, employs c.110 staff in four countries. For further company information see: www.midatechpharma.com

 

 

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" within the meaning of legislation in the United Kingdom and/or United States, including (without limitation) those regarding the Group's financial position, business strategy, products, plans and objectives of management for future operations, and any statement preceded or followed by, or including, words such as "target", "believe", "expect", "aim", "intend", "will", "may", "anticipate", "would" or "could", or negatives of such words. Any forward-looking statements are based on currently available competitive, financial and economic data together with management's views and assumptions regarding future events and business performance as of the time the statements are made and are subject to risks and uncertainties. We wish to caution you that there are some known and unknown factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.

 

Reference should be made to those documents that Midatech shall file from time to time or announcements that may be made by Midatech in accordance with the London Stock Exchange AIM Rules for Companies ("AIM Rules"), the Disclosure and Transparency Rules ("DTRs") and the rules and regulations promulgated by the US Securities and Exchange Commission, which contains and identifies other important factors that could cause actual results to differ materially from those contained in any projections or forward-looking statements. These forward-looking statements speak only as of the date of this announcement. All subsequent written and oral forward-looking statements by or concerning Midatech are expressly qualified in their entirety by the cautionary statements above. Except as may be required under the AIM Rules or the DTRs or by relevant law in the United Kingdom or the United States, Midatech does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise arising.

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 5368F

LightwaveRF PLC

18 May 2017

 

18 May 2017

LightwaveRF Plc

(AIM: LWRF)

 

LightwaveRF launch Google Assistant voice control for Google Home

 

LightwaveRF plc ("LightwaveRF" or the "Company"), the leading smart home solutions provider for the remote control and monitoring of light, heat, power and security through a wide range of devices via just one app, is pleased to announce the launch of Google Assistant voice control for Google Home across the LightwaveRF product range.

 

Since the launch of the Google Home hands-free smart speaker in the UK last month, LightwaveRF has been working closely with Google to achieve Google Assistant voice control for the LightwaveRF product range. This has been achieved and launched to the LightwaveRF user base today as well as being featured at Google I/O, the annual worldwide developer festival being held this week in Mountain View, California.

 

Commenting, Andrew Pearson, CEO said: "We are continuing to invest in building our cloud platform and our innovative approach allows us to quickly integrate with major connected home brands and devices to achieve high quality results.  Voice control is now widely accepted as a key enabler for smart home solutions and drives both new customer acquisition and new device sales to existing customers for the Company.  The expansion of LightwaveRF's voice control through this addition greatly improves the user experience for Google and LightwaveRF customers.  It is a testament to the quality of our technology that LightwaveRF is amongst the launch group of smart home partners for Google Home."

 

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

 

 

For further information:

Contacts:
LightwaveRF plc	www.lightwaveRF.com
Andrew Pearson, CEO	+44 (0) 121 250 3625
Kevin Edwards, CFO
WH Ireland Limited	www.whirelandplc.com
Mike Coe/Ed Allsopp (Corporate Finance)	+44 (0) 117 945 3470
Jasper Berry (Institutional Sales)	+44 (0) 20 7220 1666
Yellow Jersey PR	www.yellowjerseypr.com
Charles Goodwin/Abena Affum/Katie Bairsto	+44 (0) 7747 788 221

 

About LightwaveRF

 

LightwaveRF plc ("LightwaveRF" or the "Company") pioneered smart home automation with the introduction of the market's first internet enabled devices in 2008. Today, the Company offers a market leading proprietary Internet of Things ("IoT") platform together with applications and connected devices, which provide fully integrated remote control and monitoring of light, heat, power and security. We are dedicated to making everyone's lives easier and more fulfilled through world leading smart home technology.

 

For further information and to sign up for investor news alerts please visit www.lightwaverf.com/corporate/ 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 3440F

Spinnaker Opportunities PLC

17 May 2017

 

Spinnaker Opportunities Plc

 

First Day of Dealings

 

17 May 2017

 

Spinnaker Opportunities Plc (the "Company" or "Spinnaker") is pleased to announce that it has raised £1.2 million in an Initial Public Offering ("IPO") on the Main Market of the London Stock Exchange.

 

The IPO, which comprised a Subscription and a Placing, was oversubscribed and comprises 24,000,000 New Ordinary Shares to be issued by the Company at 5p per Ordinary Share together with one Warrant to subscribe for one new Ordinary Share at 7.5p per new Ordinary Share.  Gross proceeds were £1.2 million and net proceeds £1.07 million.  The board has invested an aggregate of £310,000.

 

Admission of the issued share capital of 26,000,120 Ordinary Shares to the standard listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange will take effect, and dealings will commence, at 8.00am today under the ticker "SOP" (ISIN: GB00BYQCS703).

 

Commenting on today's announcement, Andy Morrison, Chairman, said: "We are delighted with the support we have received for our IPO and would like to thank all our new shareholders for their interest and participation. We are now very much looking forward to building and assessing an inventory of opportunities in order to progress our strategy of making a single material acquisition as quickly and as effectively as possible."

 

Further information can be found on the Company's website at www.spinnakeropportunities.uk.

 

ABOUT THE BUSINESS

 

The Company's main aim is to generate an attractive capital return to its shareholders by achieving valuation uplift upon an acquisition and associated Reverse Take-Over transaction and by selecting a target business that has significant further value and growth potential following acquisition.

 

ABOUT THE COMPANY

 

The Company aims to create a quoted vehicle modelled according to the best practices that the founders have seen. This means for example:

 

·      The founders and their associates have invested £535,750 of the initial capital through the subscription. This aligns the interests of shareholders and the board.

 

·      No cash fees will be paid to the directors or the retained advisers (details of whom are set out below) prior to completion of a first acquisition. This helps to ensure that future decisions by the board will be based on their interests as shareholders, in full alignment with other shareholders.

 

·      Legal, financial and commercial work will be conducted in-house by the directors and retained advisers to the extent that they have the necessary capabilities.

 

STRATEGY

 

·      Spinnaker will seek a single, material opportunity as its first acquisition.

 

·      It will seek and consider opportunities either that amount to effective exit upon first acquisition or which may involve a limited period (max 2 years) of operation and growth prior to an effective exit.

 

·      A higher proportion of opportunity deal flow is expected to arise from energy and process industries, but other sectors will also be considered if within the experience set of the founders.

 

·      The founders of Spinnaker will provide only such direction and management as may be required for the ongoing business to succeed after its first acquisition.

 

The Company has an inventory of opportunities but does not have any specific acquisition under consideration at the current time. Following admission, the Company expects to engage in substantive negotiations with possible target companies and businesses with a view to concluding an acquisition as expeditiously as possible.  The consideration for the selected acquisition is likely to be funded through the issue of shares to the vendors of the target business. 

THE BOARD AND RETAINED ADVISERS

The Board

Andy Morrison (Chairman)

Mr Morrison has a background in strategic business development. He worked for Shell for 17 years and subsequently for BG Group. Since 2007, Mr Morrison has devoted his time to managing and developing junior public companies including Xtract Energy Plc, Silvermere Energy Plc and Zeta Petroleum Plc, an ASX quoted firm with operations in Romania. He has also advised Highlands Natural Resources Plc and Zenith Energy Ltd, both of which are listed on the Standard List.

Jonathan Bradley Hoare FCA (Finance Director)

Mr Bradley Hoare is a chartered accountant with over twenty years' experience in financial management and corporate advisory services.  Mr Bradley Hoare owns his own accounting practice, Welbeck Associates Limited, and over the last 20 years he has formed over 100 companies on behalf of Welbeck Associates many of which he served as a director on formation.

Tony Harpur (Director)

Mr Harpur joined Shell in 1978 on their graduate scheme. After 23 years with Shell, Mr Harpur joined BP in 2000 to take over its Middle East crude oil desk and in 2003 he moved back to Dubai to be BP's Vice-president for Integrated Supply and Trading for the Middle East and India. In 2006 the Oman Government and Vitol set up a new joint-venture energy trading company named Oman Trading International ("OTI") and Vitol recruited Mr Harpur to be the first CEO of the company. Mr Harpur retired from Vitol and OTI in 2011.

Richard Liddell (Director)

Mr Liddell has a background in upstream oil and gas resource evaluation, development and production and electrical power project development.  He has worked for Phillips Petroleum Company BG Exploration and Production and Premier Oil Plc.  He is an experienced public company chairman and director including former chairman of Falkland Oil and Gas Limited and is currently Senior Non-Executive Director of Sound Energy Plc. 

Retained Advisers

David Bott

David is Chairman of Oxford Biomaterials and a Non-Executive Director of Oxford Advanced Surfaces Group. He originally qualified with a degree in Polymer Science and pursued an early career amongst major industrial firms including BP, Courtaulds and ICI rising to the role of Director of Group Technology at ICI. He was a founder and then Director of Innovation Programmes at the UK Government's Technology Strategy Board from 2007-2013.

Michael Doherty

Michael (Mike) is Chairman of Impact Oil and Gas Ltd, an exploration company with a focus on Africa. He started his career in the seismic industry and was a co-founder of Merlin Geophysical Company Limited in 1979.  Since then Mike has been CEO of a number of E&P companies with global operations including Ardmore Petroleum, Tuskar Resources PLC and Trans-Dominion Energy.  Along with the Directors, Mike has made a significant personal investment in Spinnaker.

 

ENQUIRIES

 

Spinnaker Opportunities Plc

Andy Morrison

07980 878561

 

SP Angel (Financial Adviser and Broker)

Lindsay Mair

Caroline Rowe

020 3470 0470

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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LISGGUAGAUPMGQQ

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Neville Registrars is delighted to welcome Spinnaker Opportunities Plc as the newest addtion to its list of client companies.

Spinnaker Opportunities was incorporated on 17 November 2016 with a view to creating a cash shell to be listed on the main board of the London Stock Exchange, Standard List segment and thereafter to seek an acquisition of a material business opportunity which is likely to constitute a Reverse Takeover (“RTO”).

Further information can be found on the Company's website: http://www.spinnakeropportunities.uk/

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