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RNS Number : 4343L

Biome Technologies PLC

13 January 2021

 

REACH

13 January 2021

 

Biome Technologies plc

("Biome", the "Group" or the "Company")

Biome successfully completes feasibility phase of biodegradable tree shelter project

 

Biome's Bioplastics division ( www.biomebioplastics.com ) announces the successful completion of its three-month feasibility project to develop and test a new generation of biodegradable tree shelters to be manufactured from the Company's bioplastics.

Tree shelters protect young trees and bushes from predation by animals. They are a well-proven and economic route to limiting losses in the first five years of a tree's life. Traditionally made from oil-based and non-biodegradable plastics, the majority of such shelters are never collected and eventually litter the environment with microplastics.

In the UK, around 45 million trees are planted each year, most of those using non-biodegradable tree shelters for protection, with an estimated 2,500 tons of persistent plastics ending up annually in the natural environment after use. Plans to significantly increase tree planting as part of the UK's drive to mitigate climate change will exacerbate these problems.

The initial feasibility project has allowed the Company to explore the performance of a variety of bioplastic materials in this application and culminated in the manufacture of prototypes at Biome's customer's premises.

The polymers that Biome are using in this project are bio-based and biodegradable. Some are novel and represent some of the results of over six years and £6.5 million of directed investment in research collaboration between Biome and a number of the UK's leading universities. The development of biodegradable tree shelters is the first potential commercial application arising from this collaborative group's endeavours. The polymers used in this particular project are partly based on furandicarboxylic acid (FDCA) monomeric building blocks. More information regarding the processes for the formation of FDCA can be found on the Company's website, https://biomebioplastics.com/industrial-biotechnology/ .

This feasibility project was supported by a funding contract between Biome and the UK Government's agency, Innovate UK, as part of the Sustainable Innovation Fund (SBRI Phase 1). The Company has tendered for a further contract under SBRI Phase 2 with a view to starting large-scale field trials of novel biodegradable tree shelters during 2021.

To provide investors with more details on the scientific approach to this project and its future path to prospective commercialisation, the Company has commissioned a short explanatory video that can be viewed here: https://vimeo.com/494238613 .

 

-Ends-

 

For further information please contact: Biome Technologies plc

Paul Mines, Chief Executive Officer

Donna Simpson-Strange, Company Secretary

[email protected]

Tel: +44 (0) 2380 867 100

www.biometechnologiesplc.com

 

Allenby Capital

David Hart/Alex Brearley (Nominated Adviser)

Kelly Gardiner (Sales and Corporate Broking)

Tel: +44 (0) 20 3328 5656

www.allenbycapital.com

 

About Biome

Biome Technologies plc is an AIM listed, growth-orientated, commercially driven technology group. Our strategy is founded on building market-leading positions based on patented technology and serving international customers in valuable market sectors. We have chosen to do this by developing products in application areas where the value-added pricing can be justified and are not reliant on government legislation. These products are driven by customer requirements and are compatible with existing manufacturing processes. They are market rather than technology-led.

The Group comprises two divisions, Biome Bioplastics Limited and Stanelco RF Technologies Limited.

Biome Bioplastics is a leading developer of highly-functional, bio-based and biodegradable plastics. The company's mission is to produce bioplastics that challenge the dominance of oil-based polymers.

Stanelco RF Technologies designs, builds and services advanced radio frequency (RF) systems. Dielectric and induction heating products are at the core of a product offering that ranges from portable sealing devices to large furnaces for the fibre optics markets.

 

www.biometechnologiesplc.com

www.biomebioplastics.com   and  www.thinkbioplastic.com  

www.stanelcorftechnologies.com

 

About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 6830K

Shearwater Group PLC

06 January 2021

 

6 January 2021

 

 

SHEARWATER GROUP PLC

("Shearwater", or the "Group")

 

Contract Win

 Brookcourt Solutions signs five year supply agreement with global retailer

 

Shearwater Group plc, the organisational resilience group, announces that its group company, Brookcourt Solutions Limited ("Brookcourt"), has secured a five-year supply agreement with a global fashion retailer, headquartered in New York.

 

The first contract to be delivered under the supply agreement encompasses the delivery of a secure ID-authenticated printing solution as well as a 12-month maintenance and service contract, for use within ten European countries across 17 sites. The value of the first contract is £860 ,000, of which the majority is expected to be recognised in the current full year. This contract win underpins the Group's current full year forecasts, with the supply agreement having the potential to deliver further revenue opportunities in future years.

 

Brookcourt presented a secure ID-authenticated printing solution that was selected by the client due to its superior technology and enhanced security features, safeguarding important documentation which is never left unattended but can be printed securely when required. This solution ensures that the global retailer is protected by very high security standards, whilst the implementation of the new technology will also result in improved efficiencies and cost savings for the client.

 

Phil Higgins, Group Chief Executive Officer of Shearwater, commented:

"We are pleased to have secured this contract win with a successful global retailer. Our new client appreciates the importance of maintaining vigorous security standards in order to protect its business.

 

The supply agreement demonstrates Brookcourt's ability to leverage its deep understanding of best-in-class technologies in order to deploy robust, effective and cost-efficient solutions for complex businesses such as this which span numerous markets."

 

Enquiries:

 

Shearwater Group plc David Williams Phil Higgins	www.shearwatergroup.com c/o Alma PR
Cenkos Securities plc – NOMAD and Joint Broker Max Hartley / Ben Jeynes – NOMAD Julian Morse / Michael Johnson – Sales	+44 (0) 20 7397 8900
Berenberg – Joint Broker  Matthew Armitt / Mark Whitmore	+44 (0) 20 3207 7800
Alma PR Susie Hudson / Caroline Forde / Harriet Jackson	[email protected]  +44 (0) 20 3405 0205

 

 

About Shearwater Group plc

 

Shearwater Group plc is an award-winning organisational resilience group that provides cybersecurity, advisory and managed security services to help assure and secure businesses in a connected global economy.

 

The Group's comprehensive cybersecurity solutions and services maintain trust between users, assure the protection of information assets and critical infrastructure, and support organisations' operational effectiveness. Its capabilities include identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance.

 

The Group is headquartered in the UK, serving customers across the globe who are active in a broad spectrum of industries.

 

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG".  For more information, please visit www.shearwatergroup.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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Neville Registrars is delighted to welcome Vector Capital plc as the newest addition to its list of client companies.

Vector Capital, together with its Subsidiaries, is a commercial lending group that offers secured loans primarily to businesses located in the United Kingdom.

Further information can be found on the Company's website: https://vectorcapital.co.uk/

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Neville Registrars is delighted to welcome One Heritage Group Plc as the newest addition to its list of client companies.

One Heritage Group is a property development and investment management company, focusing on the residential sectors primarily in the North West rental market, seeking out value and maximising opportunities for its investors.

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

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One Heritage Group plc (OHG) One Heritage Group plc: Admission to Trading on the London Stock Exchange and First Day of Dealings 23-Dec-2020 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.   23 December 2020 ONE HERITAGE GROUP PLC Admission to Trading on the London Stock Exchange and First Day of Dealings One Heritage Group PLC ("One Heritage"), the UK based residential developer, is pleased to announce that One Heritage's entire issued ordinary share capital has today been admitted to the standard listing segment of the Official List of the London Stock Exchange's Main Market for listed securities under the ticker "OHG". One Heritage, has successfully raised £930,000 (before expenses) via a combination of a subscription and a placing with Hybridan of a total 9.3 million new Ordinary Shares with investors at a price of 10 pence per Ordinary Share (the "Placing Price"). One Heritage's market capitalisation at the Placing Price on admission will be £3.0 million. Group activities The Group undertakes development and re-development of new and existing buildings ("Development Activities") to create self-contained residential apartments, and the refurbishment of existing residential properties ("Refurbishment Activities") to create Co-living accommodation. The Group will act as its own principal or as a development manager on behalf of third-party investors for both Development Activities and Refurbishment Activities. The Group also undertakes letting and property and facilities management ("L&PFM") services for these products. All Group activities are undertaken solely in the UK. Developed or refurbished properties owned by the Group will then be sold or retained. Co-living properties will be sold on the open market primarily to investors through the Group's marketing network in Hong Kong. Schemes of self-contained apartments will be sold to investors through the Group's marketing network in Hong Kong or through a forward sale agreement to institutional investors. Business strategy and execution The Group will undertake its activities by deploying a design approach and L&PFM service levels that are attractive to younger socially mobile professionals and those seeking more flexible living arrangements. The Directors consider that the product range of self-contained apartments and Co-living accommodation, allied with high quality L&PFM services, will provide a broad appeal to this demographic group. The initial geographical focus of the Group's activities will be primarily high demand areas in the North West of England. This demand will be underpinned by strong economic and employment growth in Manchester, which is forecast to be one of the UK's strongest performing cities over the next few years according to Ernst & Young LLP's Regional Economic Forecast.  Data from the Office of National Statistics, predicts that the growth in the number of households in Greater Manchester between 2020 and 2038 will be 10.4 per cent. compared to 7.4 per cent. over the previous 10 years.  This increased demand is twinned with structural undersupply of housing which, over the last 10 years, has shown that the number of net new dwellings is 15 per cent. less than the growth in households with the Greater Manchester Economic Forecasting Model showing an increase in employment of 10.7 per cent. over the same period. The Group will focus on edge of city centre locations where there are good transport links or where there is a major local employer to underpin demand allowing a high-quality housing product to be delivered at a competitive price point. Over the next three years, the Company intends to expand its activities to other locations throughout the UK that demonstrate similar characteristics to those currently identified in the North West of England, such as in Yorkshire and the East and West Midlands. The Group will be involved in the full life-cycle of a property development, which includes: the acquisition of land or existing property; obtaining any required revisions to existing planning permission; undertaking development or refurbishment to deliver a high-quality living space; disposal of developed or refurbished property to investors; and provision of L&PFM services to those investors and to other owners of self-contained apartments or Co-living accommodation. The Group employs experienced development and letting professionals, and where appropriate supplements this experience with external providers.  The structure of the business is intended to establish an alignment of interest with the Company's stakeholders that will ultimately drive a growing, stable income for shareholders. Where the Group undertakes development or refurbishment on its own account, income will be derived from: profit made on the disposal of completed properties; and management fees from the provision of L&PFM services to investors who acquire the properties. Where development and refurbishment works are carried out on behalf of third-party investors, additional income will be derived from: initial fees for sourcing and structuring land and property acquisitions; development and refurbishment management fees during the period of building works; and a profit share on disposal of the completed properties. The expectation is that the Group will leverage its marketing network in Hong Kong to pre-sell a significant number of units. This will de-risk the exit and improve the ability of the Group to secure debt finance where this is considered beneficial in improving risk-adjusted returns.  The Directors believe that this strategy will enable the Group to establish a strong market position, and with its in-house capabilities, to generate new business opportunities.  The Directors are focused on establishing the Group as a recognised provider of innovative and high-quality residential developments in the UK and to increase shareholder value (measured in terms of profitability, dividend income or increased share price), in the medium to long term. Board of Directors and Key Management Team The Company's board of directors is comprised of David Stewart Izett, Jeffrey Ian Pym, Jason David Upton, and Yiu Tak (Peter) Cheung. David Stewart Izett is the Non-Executive Chairman and is a fellow of The Royal Institution of Chartered Surveyors with more than 40 years' experience of the real estate industry both in the UK and internationally. Jeffrey Ian Pym is a Non-Executive Director who will chair the Audit and Risk Committee being a qualified Chartered Accountant and highly experienced Chief Financial Officer with over 25 years' experience of the real estate industry. Both have experience of working in companies that have been listed on the London Stock Exchange.  Jason David Upton is the Chief Executive Officer and Peter Cheung is the Chief Investment Officer, both of whom are the founders of the Group's business in the UK, with Peter Cheung being a founder of One Heritage in Hong Kong and a significant shareholder in the Company. The Executive Management Team also includes Peter Child who leads the Group's lettings business, and has over 30 years of experience in the real estate industry; Martin Crews, who is Development Director, with over 10 years of experience in property development; and Markus Luke Piggin, who is a qualified Chartered Accountant, a CFA Charterholder and is the Group's Finance Director. Markus Luke Piggin has previous listed company experience in a senior finance role. Jason Upton, Chief Executive Officer, commented "We are excited to bring One Heritage to the market. We were oversubscribed from a wide range of investors, which represents a real vote of confidence in the potential for the business. We are excited to be one of the first publicly listed residential developers that also focuses on Co-Living, a growing sector with real promise. We see the North West as being a continued centre of growth in the UK in the coming years as the Government invests in levelling up the regions and continues to invest in infrastructure. We believe that we can create a lot of value in the residential market and are excited to part of the solution to tackling the UK's shortage of quality accommodation."   Contacts One Heritage Group plc Jason Upton Chief Executive Officer Email: [email protected]   Luke Piggin Finance Director Email: [email protected]     Hybridan LLP (Adviser and Broker) Claire Louise Noyce Email: [email protected] Tel: +44 (0)203 764 2341

ISIN:	GB00BLF79495
Category Code:	MSCH
TIDM:	OHG
Sequence No.:	90187
EQS News ID:	1157000

 

 

 

End of Announcement	EQS News Service

 

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RNS Number : 9924I

ZAIM Credit Systems PLC

18 December 2020

 

Not for release or distribution, directly or indirectly, within, into or in the United States or to or for the account or benefit of persons in the United States, Australia, Canada, Japan or any other jurisdiction where such offer or sale would violate the relevant securities laws of such jurisdiction

 

For Immediate Release  18 December 2020

Zaim Credit Systems Plc

("Zaim" or the "Group")

New website launch

 

Zaim Credit Systems plc (the 'Group' or 'Zaim'), the Russian focused fintech group providing financial inclusion for those consumers who are not well served by mainstream lenders, is pleased to announce the launch of the new Group website available at the existing address www.zaimcreditsystemsplc.com .

 

"The launch of the new website is another step aimed to increase  transparency for our existing and potential investors. Our primary goal during the redesign process was to create a more valuable, user-centric and responsive resource across all platforms and devices" – noted Siro Cicconi, Zaim's CEO.

 

Enquiries:

Zaim Credit Systems Plc
Simon Retter Siro Cicconi	Tel: +44 (0) 73 9377 9849
Alex Boreyko	Tel: +7 925 708 98 16 [email protected]
Beaumont Cornish Limited
Roland Cornish / James Biddle	Tel: +44 (0) 20 7628 3396
Optiva Securities Limited
Jeremy King / Vishal Balasingham	Tel: +44 (0) 20 3137 1902

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 9272I

Surgical Innovations Group PLC

17 December 2020

 

Surgical Innovations Group plc
("Surgical Innovations", "SI" or the "Company")

Nationwide US distribution agreement signed with Adler Instrument

$12m estimated value over five years

 

Surgical Innovations Group plc (AIM: SUN), the designer, manufacturer and distributor of innovative medical  technology for minimally invasive surgery, announces a new nationwide distribution agreement with existing US distributor, Adler Instrument Company Inc. ("Adler"), for the Company's full range of handheld surgical instruments, consolidating its product distribution in the United States. The agreement brings a significant increase in the number of surgical territory managers promoting SI-branded products across the US. This five-year exclusive contract worth approximately $12m over its duration is effective from February 1, 2021, and will ensure the future success of the LogiCut and EcoCut scissor brands as well as providing a route into the US for the anticipated growth of new Logi-branded products.

 

Florida-based Adler, is a highly experienced distribution Company with access to nationwide coverage and are already working on converting a number of significant accounts from competing products to using the SI range of instruments. 

 

Chris Carter, CEO of Adler, said: "Our longstanding and successful relationship with Surgical Innovations in the south eastern United States has demonstrated that with quality products, Adler can meet healthcare needs and grow quickly and profitably. We are very excited to utilize our nationwide partnership coverage to grow Surgical Innovation business across the United States."

 

Adam Power, Group Development Director at SI, said: "Adler is SI's largest independent distributor and has previously sold SI branded product in just a small part of the United States. We are tremendously excited to work alongside them to grow our handheld instrument business across the country in territories that are essentially new to SI. This new relationship will open up the opportunity to compete for large nationwide and regional contracts which we have previously been unable to access."

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

 

 

For further information please contact:  

 

Surgical Innovations Group plc	www sigroupplc com
David Marsh, CEO	Tel: 0113 230 7597
Charmaine Day, Co Sec & GFC
N+1 Singer (Nominated Adviser & Broker)	Tel: 020 7496 3000
Aubrey Powell (Corporate Finance)
Rachel Hayes (Corporate Broking)
Walbrook PR (Financial PR & Investor Relations)	Tel: 020 7933 8780 or [email protected]
Paul McManus / Lianne Cawthorne	Mob: 07980 541 893 / 07584 391 303

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 9269I

DeepMatter Group PLC

17 December 2020

 

17 December 2020

 

DeepMatter Group plc

("DeepMatter", the "Company" or "the Group")

 

DeepMatter signs multi-year contract with Thieme Chemistry

 

DeepMatter Group plc, the AIM-quoted company focusing on digitising chemistry, is pleased to announce that it has signed a three-year contract with Thieme Chemistry, which is part of the Thieme Group, an award-winning international medical and science publisher serving health professionals and students for more than 130 years, for the supply of technical data services and access to the Group's proprietary algorithms.

 

The contract builds on a long-standing relationship between the two businesses, providing Thieme with access to DeepMatter's services and algorithms to ensure the quality of, and access to, their data.

 

Mark Warne, CEO of DeepMatter, commented: "We are delighted to have formalised our long-standing relationship with one of the world's leading scientific publishers and are proud of the role our data services and algorithms play in the quality of their world-renowned data. The theme of data quality in research is increasingly coming to the fore and through the breadth of our offerings we are well placed to meet the needs of the industry, from data-gathering at source through to publication."

 

Martin Spencker, Executive Vice President International Business of Thieme, commented: "We are committed to publishing only the highest quality of data and we believe that DeepMatter's tools provide us with the resources to do so. We are believers in the Company's offering and look forward to exploring the ways in which their technology can help us unlock further quality data."

 

For more information, please contact:

DeepMatter Group plc	T: 0141 548 8156
Mark Warne, Chief Executive Officer
C anaccord Genuity Limited (Nominated Advisor and Broker)	T:  020 7523 8000
Bobbie Hilliam / Angelos Vlatakis
Alma PR	T: 020 3405 0205
Caroline Forde / Harriet Jackson / Kieran Breheny	[email protected]

About DeepMatter Group plc  

DeepMatter's long term strategy is to integrate chemistry with technology, thereby enabling a greater use of artificial intelligence and reaching a point where chemicals can be autonomously synthesised through robotics. It has developed and is commercialising data rich platform technologies, including software and laboratory hardware, focused on applications to improve R&D productivity and discovery using Machine Learning / Artificial Intelligence. 

 

DeepMatter's technologies allow chemistry experiments to be accurately and systematically recorded, coded and entered into a shared data cloud. They are designed to enable chemists to work together effectively; sharing the details of their experiments from anywhere and in real-time, so that work is not needlessly duplicated, time and money wasted, and ultimately so new discoveries may be made faster. 

 

Visit: www.deepmatter.io and follow @deepmattergroup

About Thieme Group

Thieme is a leading supplier of information and services contributing to the improvement of healthcare and health. Employing more than 1,000 staff, the family-owned company develops products and services in digital and other media for the medical and chemistry sectors. Operating internationally with offices in 11 cities worldwide, the Thieme Group works closely with a strong network of experts and partners. The products and services are based on the high-quality content of Thieme's 200 journals and 4,400 books. With solutions for professionals, Thieme supports relevant information processes in sciende, education, and patient care. The mission of the Thieme Group is to provide these markets with precisely the information, services, and products they need in their specific work situation and career. Providing top-quality services that are highly relevant to specific audiences, Thieme contributes to better healthcare and healthier lives. For more information about Thieme, please visit www.thieme.com .

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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Neville Registrars is delighted to welcome iosBio Ltd as the newest addition to its list of client companies.

iosBio Ltd is a private British biotech company established in 2005.

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

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RNS Number : 4662I

Intuitive Investments Group plc

14 December 2020

 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM, THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. PLEASE SEE THE IMPORTANT NOTICE WITHIN THIS ANNOUNCEMENT.

 

Intuitive Investments Group plc

("IIG" or the "Company")

 

Admission to trading on AIM

& First Day of Dealings

 

Intuitive Investments Group plc (AIM: IIG), a closed-end investment company focussed on the life sciences sector, announces that its ordinary share capital comprising 40,419,200 ordinary shares of 1p each ("Ordinary Shares") has today been admitted to trading on AIM ("Admission") and that dealings in its Ordinary Shares will commence at 08.00 a.m today under the ticker "IIG".

 

In conjunction with Admission, a total of 39,250,000 new Ordinary Shares ("Placing Shares") were placed with institutional and other investors at a price of 20 pence per share (the "Placing Price") raising gross proceeds of £7.85 million for the Company.

 

Strand Hanson Limited as acted as the Company's Financial & Nominated Adviser and Turner Pope Investments (TPI) Ltd acted as the Company's Broker and Sole Bookrunner.

 

Key highlights

 

–  £7.85 million raised (before expenses) by the conditional placing of 39,250,000 new Ordinary Shares

–  The net proceeds of the Placing will be used by the Company:

– to invest in fast growing and / or high potential Life Sciences businesses, based predominantly in the UK, wider Europe and the US, chosen from an identified pipeline of investment opportunities

– investments will be focused on diagnostics and healthcare, medical devices, tools and technologies and bio-therapeutics and pharmaceuticals

–  The market capitalisation of the Company is expected to be £8.08 million on Admission

–  The Company's ISIN is GB00BNGFMW59, its SEDOL is BNGFMW5 and its LEI is 2138004A32UIY92WWR66

 

About Intuitive Investments Group plc

 

The Company is a newly established investing company, seeking to provide investors with exposure to a portfolio concentrating on fast growing and/or high potential Life Sciences businesses operating predominantly in the UK, continental Europe and the US, utilising the Board's experience and in particular that of the Chairman, David Evans, to seek to generate capital growth over the long term for shareholders.

 

The Board and the Investment Team

 

The Directors believe that the Board and the Investment Team have vast experience in working within, investing in, and providing meaningful exits for, early stage life science companies. This collective experience covers hands-on board-level management, finance, commercialisation, research and development and operations, in addition to corporate finance activities across numerous investment rounds requiring managing every type of investment in both private companies and public markets.  The Investment Team is comprised of the Chairman, the CEO and the Chairman of the Advisory Panel.

 

David Evans, Executive Chairman

David Evans has over 27 years of experience in the Life Science sector, both in private companies and as a senior director of a number of public companies. David has facilitated 12 companies' transition to being publicly traded (directly or indirectly), has overseen four successful exits and has extensive experience chairing numerous UK public companies' boards. He has been actively engaged in a number of M&A transactions and has a record of high returns from personal investments in the Life Science sector.

 

Robert Naylor, Proposed CEO (appointment effective from 19 February 2021)

Robert Naylor has 24 years' experience in capital markets; most recently at Cenkos Securities plc as head of corporate finance and corporate broking in the investment funds team. Robert has advised a number of Life Science companies.

 

Malcolm Gillies, Non-Executive Director

Malcolm Gillies is a lawyer by background, having worked as a senior corporate partner for over 10 years. He has since taken numerous director roles with Life Science focussed public companies.

 

Cormac Kilty, Non-Executive Director

Cormac Kilty has founded a number of Life Science and Diagnostics companies and has acted as a director of many Life Science companies.

 

Colin Willis, Non-Executive Director

Colin Willis specialises in venture capital, with over 24 years of experience in the field. He has set up three venture capital companies providing substantial returns to investors.

 

Advisory Panel

 

The Company has established an Advisory Panel with a wealth of knowledge and experience in the Life Science and Diagnostics sectors to support the Board's identification, assessment and appraisal of potential investment opportunities and to provide general guidance to the Board where required. The Company's Advisory Panel comprises:

 

Dr. Stewart White, (Advisory Panel Chair) has acted as Chairman and CEO of numerous Life Science companies. Stewart is a visiting professor at the University of Glasgow and has a PhD in Bioprocessing.

 

Julian Baines is CEO of EKF Diagnostics Holdings plc (AIM:EKF) and holds an MBE for services in the Life Science sector.

 

Ron Long has held a number of positions as CEO and Chairman of Life Science companies and several start-up businesses.

 

Per Matsson has experience in senior positions in various Life Science R&D departments. He is also an associate professor in Veterinary Science and holds a PhD in biology.

 

Alastair Smith, CEO of Avacta Group plc (AIM:AVCT), was previously a professor of Molecular Biophysics and has a PhD in Physics.

 

The Directors believe the Board and Advisory Panel have the requisite skills to determine viable and investable Life Science companies that have the chance to grow and, ultimately, create value by improving human health.

 

Investing Strategy

 

– The Company has a multi-dimensional investment strategy to capitalise on significant opportunities in growth (Series A and B), special situations and public companies, with a focus on early and late stage venture capital.

– IIG expects to be able to beneÞt from access to the Board's identiÞed pipeline of over 16 potential investment opportunities. It is also envisaged that, due to the demand that currently exists for post-seed venture capital in the European and US Life Sciences market, the potential pipeline available to the Company will continue to increase.

– The Company's portfolio is expected to comprise approximately 10-12 holdings, with no single investment representing more than 15% of the Company's NAV.

– IIG has a low-cost model. The Company will be internally managed, with no material remuneration to the Chairman other than a performance related incentive fee.

 

David Evans, Executive Chairman of IIG, commented:

" We are very pleased to be joining the AIM market today. With our combined experience and demonstrative track record in the sector, we will look to the future and invest in fast growing and / or high potential life sciences businesses, based predominantly in the UK, wider Europe and the US, chosen from an identified pipeline of investment opportunities .

 

"We will seek investments focused on diagnostics and healthcare, medical devices, tools and technologies and bio-therapeutics and pharmaceuticals. IIG's proposition is based on my belief that through the skillful deployment of capital, we can advance the growth of companies with greater certainty than otherwise might be the case and provide a superior return to other alternative investment opportunities for investors."

 

The Company's Admission Document is available here: www.iigplc.com

 

For further information, please contact:

 

Intuitive Investments Group plc
David Evans		Via Walbrook PR
Strand Hanson Limited – Nominated Adviser		+44 (0) 20 7409 3494
James Harris / James Dance / James Bellman
Turner Pope Investments (TPI) Ltd – Broker		+44 (0) 20 3657 0050
Ben Turner / James Pope / Andrew Thacker
Walbrook PR Limited – Media & Investor Relations	+44 (0)20 7933 8780 or [email protected]
Paul McManus		+44 (0) 7980 541 893

 

Important Information

This announcement does not constitute, or form part of, any offer or invitation to sell, allot or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as an inducement to enter into, any contract or commitment therefor. 

 

The information contained in this announcement is for background purposes only and does not purport to be full or complete.. No reliance may or should be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The information in this announcement is subject to change.

 

Recipients of this announcement who are considering subscribing for or acquiring Ordinary Shares following publication of the Admission Document are reminded that any such acquisition or subscription must be made only on the basis of the information contained in the final Admission Document.  No reliance may be placed, for any purpose whatsoever, on the information or opinions contained in this announcement or on its completeness. To the fullest extent permitted by applicable law or regulation, no undertaking, representation or warranty, express or implied, is given by or on behalf of the Company, Strand Hanson Limited ("Strand Hanson") or Turner Pope Investments (TPI) Ltd ("Turner Pope"), or their respective parent or subsidiary undertakings or the subsidiary undertakings of any such parent undertakings or any of their respective directors, officers, partners, employees, agents, affiliates, representatives or advisers or any other person as to the accuracy, sufficiency, completeness or fairness of the information, opinions or beliefs contained in this announcement and, save in the case of fraud, no responsibility or liability is accepted by any of them for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred, howsoever arising, from any use, as a result of the reliance on, or otherwise in connection with this announcement

 

Strand Hanson, which is a member of the London Stock Exchange plc, is authorised and regulated in the UK by the Financial Conduct Authority. Strand Hanson is acting as nominated adviser (for the purposes of the AIM Rules) exclusively for the Company in connection with the Placing and Admission. Strand Hanson is not acting for, and will not be responsible to, any person other than the Company for providing the protections afforded to its customers or for advising any other person on the contents of this announcement or on any transaction or arrangement referred to in this announcement or any acquisition of Ordinary Shares in the Company. Strand Hanson's responsibilities as the Company's nominated adviser under the AIM Rules are owed solely to the London Stock Exchange and are not owed to the Company, any Director or to any other person. No representation or warranty, express or implied, is made by Strand Hanson as to, and no liability is accepted by Strand Hanson in respect of, any of the contents of this announcement or for the omission of any material from this announcement, for which it is not responsible.

 

Turner Pope, which is authorised and regulated in the UK by the Financial Conduct Authority. Turner Pope is acting as broker (for the purposes of the AIM Rules) exclusively for the Company in connection with the Placing and Admission. Turner Pope is not acting for, and will not be responsible to, any person other than the Company for providing the protections afforded to its customers or for advising any other person on the contents of this document or on any transaction or arrangement referred to in this document or any acquisition of Ordinary Shares in the Company. No representation or warranty, express or implied, is made by Turner Pope as to, and no liability is accepted by Turner Pope in respect of, any of the contents of this announcement or for the omission of any material from this announcement, for which it is not responsible.

 

This announcement is only addressed to, and directed at, persons in member states of the European Economic Area who are qualified investors within the meaning of Article 2(e) of the Prospectus Regulation (EU 2017/1129) ("Qualified Investors"). In addition, in the United Kingdom, this announcement is addressed to and directed only at Qualified Investors who are: (i) persons having professional experience in matters relating to investments, i.e., investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO"); (ii) high net-worth companies, unincorporated associations and other bodies within the meaning of Article 49 of the FPO; and (iii) persons to whom it is otherwise lawful to communicate it to.  It is not intended that this announcement be distributed or passed on, directly or indirectly, to any other class of person and in any event, and under no circumstances should persons of any other description rely on or act upon the contents of this announcement.

 

This announcement does not constitute, and may not be used for the purposes of, an offer or an invitation to apply for any Ordinary Shares by any person: (i) in any jurisdiction in which such offer or invitation is not authorised; or (ii) in any jurisdiction in which the person making such offer or invitation is not qualified to do so; or (iii) to any person to whom it is unlawful to make such offer or invitation. In particular, this document is not for publication or distribution, in whole or in part, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia) (collectively, the "United States"), Canada, the Republic of South Africa, Australia, the Republic of Ireland or Japan or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The Ordinary Shares have not been and will not be registered under securities legislation of any province or territory of the United States, Canada, the Republic of South Africa, Australia, the Republic of Ireland or Japan or in any country, territory or possession where to do so may contravene local securities law or regulations. Accordingly, subject to certain exemptions, the Ordinary Shares may not be offered or sold directly or indirectly in or into the United States, Canada, the Republic of South Africa, Australia, the Republic of Ireland or Japan or to any national, resident or citizen of the United States, Canada, the Republic of South Africa, Australia, the Republic of Ireland or Japan. The distribution of this announcement in other jurisdictions may be restricted by law and therefore persons into whose possession this document comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities law of any such jurisdiction.

 

The Ordinary Shares have not been nor will they be registered under the U.S. Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States. In addition, the Company has not registered and will not register under the U.S. Investment Company Act. The Ordinary Shares have not been approved or disapproved by the U.S. Securities and Exchange Commission, any state securities commission in the United States or any other U.S. regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of the offering or the issue of the Ordinary Shares or the accuracy or adequacy of this document. Any representation to the contrary is a criminal offence in the United States and the re-offer or resale of any of the Ordinary Shares in the United States may constitute a violation of U.S. law.

 

This announcement contains certain statements that are, or may be, forward looking statements with respect to the financial condition, results of operations, business achievements and/or investment strategy of the Company. Such forward looking statements are based on the Company's board of directors' (the "Board") expectations of external conditions and events, current business strategy, plans and the other objectives of management for future operations, and estimates and projections of the Company's financial performance.  Though the Board believes these expectations to be reasonable at the date of this announcement they may prove to be erroneous.  Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, achievements or performance of the Company, or the industry in which the Company operates, to be materially different from any future results, achievements or performance expressed or implied by such forward looking statements.

 

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