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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gate Ventures | GATE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 315.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 315.00 | 315.00 |
| Top Posts |
|---|
Posted at 20/12/2016 01:11 by neo19 See that Gate is back trading again on the Nasdaq exchange.No where near the equivalent price of what i sold at (£20) per share with a market capital at the time of just over 1.3 b .Now completely vanished off the Britdaq site. |
Posted at 22/8/2016 14:46 by hedgehog 100 The last GATE trade was 3 and a half weeks ago: 4 million shares at 3p per share (£120K.), equivalent to 150p adjusted for the 50:1 consolidation.Last Matched Price 3 (4,000,000) 29/07/2016 Currently there are 5 sellers offering, and one buyer bidding. The buy bid is for 340,900 shares at 1.25p. The lowest sell offer is of 400,000 shares for 20p. "The Shares The Company’s Ordinary Shares of 0.01 pence each, were as a result of a resolution passed at an Extraordinary General Meeting (“EGM”) on 23 October 2015, for the Shares of 0.02 pence each (nominal value) to be sub-divided into two shares of 0.01 pence each (nominal value). This follows another approval from the shareholders to sub-divide Ordinary Shares of one pence each (nominal value) into 50 Ordinary Shares of 0.02 pence each (nominal value) at an Extraordinary General Meeting (“EGM”) on 27 August 2015. Gate Ventures Shares were delisted from AIM on 23rd July 2015. There are no restrictions on the transfer of the Company’s Ordinary Shares. A Matched Bargain Service is provided by Capita Asset Services on behalf of Gate Ventures Plc. Britdaq Exchange Gate Ventures Plc has registered with a share trading platform called ‘Britdaq&rsquo You can find more information and details on how you can register with Britdaq to be able to use its services at www.britdaq.com, or you can contact Britdaq directly for more information by email at info@britdaq.com To trade via Britdaq, your shares will need to be in certificated (i.e. paper) form. You can contact your broker to help arrange this if they are currently held electronically (i.e. in CREST). You can also email any questions to Gate Ventures directly via assistance@gateplc.c |
Posted at 11/3/2016 06:22 by neo19 Thanks Tbm,you was definitely on the ball with this one and it only took 9 months to sell my trades at an incredible price of £20 per share(old money)..:)It was pure luck that i put in £12700 the day before at £2.40:) This really has made my year and most of my profit will be put away towards my property.There was one guy (who i can't name),buying up just about all the shares at 20p then 23p and a few at 40p...He must be well gutted but also relieved i guess.Just to think that Gate has had quite a few good RNS's lately and some good investments in the bag.I expect this will be trading again in the not so far future but at what price i wonder? Anyway Tbm,thank you very much for all the support and i wish you all the best in your investment choices.That's me finished here as my work is done:) Take care pal. Neo.. |
Posted at 10/3/2016 15:17 by neo19 Wanted to say..Thank you lovely shorters.Made a massive amount of profit at 20p per share the other day.Gate has made my year:)Very dangerous game,shorting and the old saying is...If you play with fire,you will get burnt. Anyway over and out...TALLY HO GATE:))))))))) |
Posted at 29/9/2015 15:43 by ten bag man Dear me,yet more bad news for the shorts.!!!( WINNIE and his shorting gang did their very best to try and persuade Mr Grade to stay clear of the company.) Press Release 28 September 2015 Gate Ventures Plc (“Gate Ventures” or the “Company” Appointment of Deputy Chairman and Chief Strategy Officer The Board of Gate Ventures Plc is pleased to announce the appointment of Michael Grade as Non-Executive Deputy Chairman and Michael Linnit as Chief Strategy Officer with immediate effect. Gate has recently invested in the much anticipated and publicised West End production of Sunset Boulevard, which will run in a limited season of 43 performances at ENO’s London Coliseum, beginning on 1 April 2016. Directed by Lonny Price, and starring multiple Academy Award nominated actress Glenn Close, Sunset Boulevard is the second production in the partnership between the English National Opera (“ENO”) and the GradeLinnit Company, a company formed in 2008 by Michael Grade and Michael Linnit. As Deputy Chairman and Chief Strategy Officer of Gate Ventures, Michael Grade and Michael Linnit will assist the Company to take a more active role in production and to produce further shows of similar quality and scale as Sunset Boulevard. Michael Grade has over 40 years’ experience in the entertainment industry. He became deputy controller of entertainment programmes at London Weekend Television in 1973, moving on 11 years later to become controller of BBC One and became BBC TV’s director of programmes two years later. In 1988, Michael Grade became Chief Executive at Channel 4, bringing the hugely popular American series’ Friends and ER to British television. He left Channel 4 in 1997 and has been involved in numerous companies including First Leisure, Camelot, Pinewood Studios and Ocado. Michael Grade was awarded CBE in 1998 for his significant achievements in broadcasting. Michael Linnit’s career spans over 50 years having worked in London, Broadway, and Hollywood. In 1970 Michael Linnit moved to New York to work for Ashley Famous Agency and in 1971 he became Vice-President of the Company, representing actors, writers, and directors in Hollywood. In 1973 Michael Linnit produced his first West End play What if You Died Tomorrow by David Williamson and has since produced a succession of plays for both the West End and globally. In 1986 Michael Linnit returned to Hollywood and continued to produce both live entertainment and television programmes, including Fire & Ice, which was awarded Best Television Spectacular by the American Critics Circle. Mr Linnit has recently co-produced Tom Stoppard plays Jumpers and Rock ‘N’ Roll, Michael Frayn’s Democracy, Alan Bennett’s The History Boys, the highly popular Michael Morpurgo’s War Horse and The Curious Incident of the Dog in the Night-Time with the National Theatre. . Dr Johnny Hon, Chairman of Gate Ventures PLC, commented: “The addition of Michael Grade and Michael Linnit to the Board of Gate Ventures represents the commitment of the Company to become a major participant in the entertainment industry. Lord Grade and Mr Linnit are both highly respected in the UK entertainment industry and their extensive experience and contacts will assist Gate Ventures as an active producer to scale up its operations. We look forward both of our new Directors to contributing further to highly commercially successful entertainment projects in the future.” |
Posted at 23/9/2015 18:33 by ten bag man Press Release22 September 2015 Gate Ventures Plc (“Gate Ventures” or the “Company” Investment in Sunset Boulevard Production Further to Gate Ventures Trading Update on 22 July 2015 outlining its plans to make further high profile investments in the entertainment industry, and in addition to the recently completed Infinity Creative Media investment, Gate Ventures is pleased to announce its investment in a new West End production of Sunset Boulevard. Sunset Boulevard will run in a limited season of 43 performances at ENO’s London Coliseum, with music by Andrew Lloyd Webber and book and lyrics by Don Black and Christopher Hampton, beginning on 1 April 2016 with a press night on 4 April 2016 at 7:30pm and final performance on 7 May 2016. Directed by Lonny Price and starring multiple Academy Award nominated actress Glenn Close, Sunset Boulevard is the second production in the partnership between the English National Opera (“ENO”) and the GradeLinnit Company, a company formed in 2008 by Michael Grade and Michael Linnit. ENO and GradeLinnit Company will be managing the operations and artistic directions of the show and Gate Ventures’ Chairman Johnny Hon will act as executive producer on the production, managing various commercial aspects of the show. Cressida Pollock, ENO, Chief Executive Officer said: “We at English National Opera believe that the combination of multiple award-winning Glenn Close, making her West End stage debut, and Andrew Lloyd Webber’s hit musical Sunset Boulevard, will once again pack the London Coliseum with ENO regulars and new audiences. We are all looking forward to working on this next thrilling production with the GradeLinnit Company, the team that delivered this year’s hugely successful run of Sweeney Todd.” Dr Johnny Hon, Chairman of Gate Ventures PLC, said: “Gate remains committed to identifying and financially supporting exciting projects within the entertainment industry. We are pleased to be supporting the GradeLinnit Company. Sunset Boulevard marks Gate’s second investment since its recent stake in Infinity Media and we look forward to working alongside a very experienced and high profile team on this production to make it a memorable one for all who see it as well as creating a great box office success.” - Ends - For further information: Gate Ventures Plc Dr Johnny Hon, Chairman Geoff Morrow, CEO Tel: +44 (0) 20 7016 9963 www.gateplc.com Media enquiries: Abchurch Communications Limited Canace Wong / James Burman Tel: +44 (0) 20 7398 7714 GateVentures@abchurc www.abchurch-group.c Notes to Editors About Sunset Boulevard Based on Billy Wilder’s classic Paramount film, Sunset Boulevard originally premiered in London at the Adelphi Theatre in 1993, where it ran for almost four years and was played to nearly two million people. The second production of Sunset Boulevard sees collaboration between English National Opera (ENO) and GradeLinnit Company. Starring Glenn Close and directed by Lonny Price, with music by Andrew Lloyd Webber and book and lyrics by Don Black and Christopher Hampton, this production of Sunset Boulevard will be performed at ENO’s London Coliseum from 1 April 2016 to 7 May 2016. Glenn Close also appeared in the 1993 production as Norma Desmond, and won a Tony Award, a Drama Desk Award, a Los Angeles Drama Critics Circle Award and a Dramalogue Award for her performance in the original production. Tickets for the show are available between £12 to £105, with 400 seats at £25 or less including 100 at £12 for every performance. Priority booking opens for ENO friends (www.eno.org) at 10am on 25 September 2015 with public booking opening at 10am on 29 September 2015. English National Opera English National Opera is founded on the belief that opera of the highest quality should be accessible to everyone. We are a national company of international standard. We forge ground-breaking collaborations across art forms, and our world-class productions inspire, surprise, and captivate. We sing in English. We believe that singing in our own language connects the performers and the audience to the drama onstage, and enhances the experience for all. We bring our productions to the widest possible audience, whether at the London Coliseum, nationally or internationally. We make our work accessible by offering a large proportion of tickets at affordable prices, and by distributing it widely on screen and via digital media. We nurture talent across the entire company, whether on-stage, backstage, or in the pit. We provide a platform for young singers to develop global careers. We tell the world’s most timeless stories, unforgettably. The GradeLinnit Company The GradeLinnit Company was founded by Michael Grade and Michael Linnit in 2008, having worked closely together on various projects over many decades. In partnership with English National Opera the GradeLinnit Company will develop new productions of the finest musicals. This partnership will harness the producing and technical teams at ENO and the commercial expertise of Grade and Linnit to produce world class musical theatre in London’s largest theatre, ENO’s London Coliseum, and beyond. Johnny Hon Johnny Hon, Executive Producer, has always had an interest in the Arts - sometimes as benefactor and sometimes investor. He was Executive Producer of the box office hit Protégé Gate Ventures Plc The Company was formed to make investments and capitalise on investment opportunities in the media and entertainment sectors. Since the formation of the Company, the Board has requested shareholder approval to expand its business strategy to include the fashion retail sector, the television element of the media and entertainment sectors, e-commerce as well as operational activities. The Board believes the expansion of the Company’s business strategy will add significant shareholder value and as such it has recommended to shareholders that they authorise this resolution at the Company’s EGM on 27 August. The Company intends to focus on investment and operational opportunities primarily in the UK and China, however other territories will also be considered as opportunities arise. It was also approved in the EGM to sub-divide each Gate Venture’s ordinary share of one pence into 50 ordinary shares of 0.02 pence each. |
Posted at 31/8/2015 18:57 by ten bag man Gate Ventures PLC (GATE)10 March 2015 Gate Ventures Plc ("Gate Ventures" or the "Company") First day of dealings on AIM Gate Ventures Plc, the Investing Company formed to make investments and capitalise on investment opportunities in the media and entertainment sectors, is pleased to announce the admission today of its ordinary shares of 1p each ("Ordinary Shares") to trading on AIM and the commencement of dealings in its Ordinary Shares under the ticker GATE. The Company has raised £3.242 million, before expenses, through a subscription and placing ("Issue") of 32,420,000 new Ordinary Shares at a price of 10p per share ("Issue Price"). The market capitalisation of the Company at the Issue Price on admission will be £3.242 million. The Company will be using the net subscription and placing proceeds primarily to investigate and pursue potential acquisitions, perform due diligence, contribute towards professional costs associated with potential acquisitions and fund the initial working capital requirements of the Company. Investing Policy of the Company ("Investing Policy") Gate Ventures is a new company formed to make investments and capitalise on investment opportunities in the media and entertainment sector, focussing on, but not limiting itself to, theatre production and the music industry. The Company's primary objective is that of securing the best possible value for the Shareholders The investment described in this document may not be suitable for all those who receive it. Investment in the Company is expected to target investors whose typical profile will be that of sophisticated and/or professional investors. |
Posted at 27/7/2015 09:55 by ten bag man PlacingRNS Number : 0936U Gate Ventures PLC 24 July 2015 Press Release for immediate release. 24 July 2015 Gate Ventures Plc ("Gate Ventures" or the "Company") Share Placing Further to the announcements on 21 July 2015 regarding Gate Ventures' £2.6 million investment in Infinity Creative Media Limited and the Company's Trading Update of 22 July 2015, the Board announces that it has raised a further £9,000,000 through a Placing, at £6 per share, with those investors who had originally agreed to invest that amount via an issue of convertible loan notes. Funds raised from the Placing will be used to finance further suitable investments by the Company in the TV and Media industry and in accordance with the stated investment policy. Geoff Morrow, Gate Ventures' Chairman, said: "Further funds are likely to be made available by investors for the Company's future developments." - Ends - For further information: Gate Ventures Plc Tel: +44 (0) 20 7016 9963 Geoff Morrow, Chairman www.gateplc.com Media enquiries: Abchurch Communications Limited Canace Wong / James Burman Tel: +44 (0) 20 7398 7714 GateVentures@abchurc www.abchurch-group.c |
Posted at 24/3/2015 15:59 by wshak 22nd March 2015Martin Wheatley Esq., The FCA, Dear Mr Wheatley, I am not wasting my time in writing since here is something so simple that even you can understand it. As you know, it is my long held view that those who regulate us are nearly invariably people who have no brains, no judgement and, since the selection and appointment procedures are so flawed, no experience of the area of economic activity which they are supposed to regulate. This reduces their efficacy although they resolutely deny their uselessness. Certainly, when I described a stock distribution fraud to AIM’s regulation department a few years ago they confessed that they had not hitherto imagined, let alone encountered, such a style of deception. The fraud in question was called DongFang or something like that. So I’ll start with a description of that to offer you an introduction to stock distribution fraud. DongFang was insolvent at the very moment it was introduced to AIM. We know this since the balance sheet disclosed to the market as a condition of listing so strongly indicated insolvency that DongFang had to be taken as insolvent. The principal asset was an advance by DongFang to the chairman CEO who owned well over 50% of the stock and therefore at all material times influenced authoritatively any attempt by DongFang to recover this asset. I dare say that the advance had been used by the chairman to finance his stake in DongFang. I mention this circumspectly since I have no proof. It might reasonably be asked just what possible fruit could accrue to this chairman CEO. This is simply answered: he had merely to lend stock to A N Other who sold the stock into the market as and when demand emerged in the market. The demand was occasioned by buying from Far Eastern investment businesses, some regulated and others not, through London brokers. The Far Eastern investment businesses just got suckers in off the street and lied to them to part with their cash to get the investment in DongFang made. Suckers are of course not always permanently suckers. They can undergo a Pauline or Damascene conversion and demand their money back. However, at this point, the investment business in effect goes mysteriously missing and therefore the sucker is in effect chasing nothing. This is dispiriting for the sucker. However, it should be noted that the sucker does not enjoy any protection under British law. I forebear to add that he would not enjoy any protection anywhere anyway. That would be cynical. One point that can be adduced in support of the British end of the DongFang fraud is that there was just, albeit very remotely, the prospect of a shipyard handling ships. This is in clear contradistinction to the investment possibilities of Gate Ventures plc (GATE on AIM) to which I now turn. Here the company is solvent but has no discernible business or prospects. GATE was floated on 10th March 2015. There were at that point only 32.4m shares all issued at 10p for cash. Net of expenses that would have left betting money within GATE of £3m. As I will shortly show it is nearly certain that investors will eventually find that there is no money (since fraudsters never leave anything on the table). Indeed, so certain is this prospect I advise you to see GATE suspended from trading immediately. I do not think it too fanciful to remark that failure to do so involves the FCA in the fraud. I now show an extract as to the initial shareholders. I got it from a bulletin board. But it seems honest and accurate enough to me. The Nomad is Beaumont Cornish and the poster’s first observation is that: “Beaumont Cornish should be hauled in front of the AIM team for failing to disclose these related parties % OF THE ISSUED SHARE CAPITAL of GATE Ventures plc Black and White Investments Limited 2,835,000 8.74 Hercules Ventures Limited 2,835,000 8.74 Last Capital Investments Limited 2,835,000 8.74 Dragon King Group International Holdings Limited 2,835,000 8.74 Righteous Group International Holdings Limited 2,835,000 8.74 Blue Dream Vantage Investments Limited 2,835,000 8.74 Bridgehead Venture Capital Limited 2,835,000 8.74 Black Elephant Ventures Limited 2,835,000 8.74 Lotus Capital Ventures Limited 2,835,000 8.74 Helvetan Investments Limited 2,835,000 8.74 These parties are all newly incorporated, or so the poster advises. It should be noted that all have exactly the same holding. This suggests that there is no chance whatsoever of these parties subscribing for new at arm’s length independent of one another. As a result they are clearly acting in concert which, in this case, is unlawful. If all these concert party members were to sell the same amount of shares at the same time, so achieving equity as between the members of the concert party, the broker would realise that some form of concerted operation was in place. So, to camouflage these sales, only one at a time is allowed to sell and it sells through a broker who is not party to the buying orders originating in the Far East. This party will of course have to account to the other parties. This accounting will not be difficult since all the parties are related to and controlled by the fraudster. The bulletin board poster then observes that, “By the names it sounds like all 10 came from the same formation agent: 28,350,000 to 10 offshore shelf companies …200,000 to 4 directors under own name = combined 88% of the equity.” I have neither the budget nor the means of checking these assertions as to common ownership and method of their being called together but it is fair to say that this is a successful attempt at assembling a concert party. After all, GATE is now floated. And that is proof of success. The poster adds: “Whoever is behind it likely controls the HK shelf companies but would have made sure his name was not mentioned in the admission document. It is interesting to see that there was a slight brushing over of the Chairman Geoff Morrow’s role with Johnny Han’s Global Group. So, in the blah of March 2007 for Oriental City Group plc, the offering was: “Mar 2007: Oriental City Group plc Geoff has been involved in entertainment and showbiz for forty years and is an internationally recognised song writer whose songs have been recorded by award winning artists such as Cliff Richard, Elvis Presley, The Carpenters and Barry Manilow. In all he has had over 60 hits around the world and formed two record companies that were sold to EMI and RCA. Geoff has also written for the stage. As Deputy Chairman of the Global Group of Companies he has also helped Asian companies raise funds and list on AIM/PLUS in London. Come March 2015, Geoff reappears with the following blah: “Mar 2015: Gate Ventures plc Geoff has been involved in entertainment and showbiz for forty years and is an internationally recognised song writer whose songs have been recorded by award winning artists such as Cliff Richard, Elvis Presley, The Carpenters and Barry Manilow. In all he has had over 60 hits around the world and formed two record companies that were sold to EMI and RCA. Geoff has also written for the stage. He has also helped Asian companies raise funds and list on AIM/ISDX in London.” I think you will agree that there is a startling similarity in presentation, suggesting that Mr Morrow is perfectly well aware as to what is going on. The Global Group is controlled by Johnny Hon/Han, a well known fraudster - as you will find on checking the telephone directory (given that there must be at least 10m Chinese with the surname Hon/Han). GATE’s shares hit circa 70p on 12th March 2015 and Beaumont Cornish issued a “nothing to do with us guv” RNS. You might have thought that the shares would retreat at that point. But, au contraire, they took flight and on Friday 20th March they hit 180p. This was hardly surprising since the buying, completely uninfluenced by the tedious details of an RNS issued in London, continued to flood in from the Far East (you can check this assertion by asking London’s market makers, there are only three, as to who was doing the buying. I bet that that will reveal just one, certainly not more than two London brokers who will be found to have received instructions from Far Eastern investment businesses). Were you to have the time and means, investigation in the Far East will presumably take you back to the relevant Mr Hon. However, that depth of enquiry is not necessary since Beaumont Cornish surely know all about this and they are in the London telephone directory. Their last public pronouncement comes in their RNS of 20th March. Here they continue their “nothing to do with us guv” theme but advise that GATE’s only investment so far is a proposed £35,000 for something theatrical. Perhaps it is the premier of Up and Coming, a comic display at The Bellend and Bush pub in the Mile End Road. Backing accompaniment will be sung with feeling by The Colonnadiers, a loose association of warbling bunglers from Canary Wharf. Yours sincerely, Simon Cawkwell PS: I still want that £400,000 of mine that the FCA wantonly threw away. |
Posted at 11/3/2015 13:11 by andrbea 10 March 2015Gate Ventures Plc ("Gate Ventures" or the "Company") First day of dealings on AIM Gate Ventures Plc, the Investing Company formed to make investments and capitalise on investment opportunities in the media and entertainment sectors, is pleased to announce the admission today of its ordinary shares of 1p each ("Ordinary Shares") to trading on AIM and the commencement of dealings in its Ordinary Shares under the ticker GATE. The Company has raised £3.242 million, before expenses, through a subscription and placing ("Issue") of 32,420,000 new Ordinary Shares at a price of 10p per share ("Issue Price"). The market capitalisation of the Company at the Issue Price on admission will be £3.242 million. The Company will be using the net subscription and placing proceeds primarily to investigate and pursue potential acquisitions, perform due diligence, contribute towards professional costs associated with potential acquisitions and fund the initial working capital requirements of the Company. Investing Policy of the Company ("Investing Policy") Gate Ventures is a new company formed to make investments and capitalise on investment opportunities in the media and entertainment sector, focussing on, but not limiting itself to, theatre production and the music industry. The Board intends to focus on businesses using technologies such as online social media, the internet and disruptive software development. The Company intends to focus on investing in businesses or projects at any stage of development which, the Directors believe, are seeking to establish or expand their businesses or projects internationally and which offer attractive investment terms. It is intended that investments will be made primarily in the United Kingdom and China where the Directors believe that there are opportunities to acquire interests in suitable projects with high growth prospects, however other territories will also be considered as investment opportunities arise. The Directors may consider it appropriate for the Company to take an equity interest in any proposed investment, which may range from a minority position to 100 per cent. ownership. Proposed investments may be made in either quoted or unquoted companies and structured as a direct acquisition, joint venture or as a direct interest in a project. It is not anticipated that a separate custodian, trustee or other fiduciary is appointed to hold investments made by the Company. New investments will be held for the medium to longer term, although shorter term disposal of any investments cannot be ruled out. There will be no limit on the number of projects into which the Company may invest, and the Company's financial resources may be invested in a number of propositions or in just one investment, which may be deemed to be a reverse takeover pursuant to Rule 14 of the AIM Rules for Companies. Where the Company builds a portfolio of related assets it is possible that there may be cross-holdings between such assets. The Company does not currently intend to fund any investments with debt or other borrowings but may do so if appropriate. Investments may be made in all types of assets and there will be no investment restrictions save as disclosed in the admission document of the Company dated 10 March 2015. There are no restrictions on the level of borrowing or leverage by the Company. The Company's primary objective is that of securing the best possible value for the Shareholders, consistent with achieving, over time, both capital growth and income for Shareholders through developing profitability coupled with dividend payments on a sustainable basis. The Company intends to be an involved and active investor. Accordingly, where necessary, the Company may seek participation in the management of the board of directors of a company in which the Company invests (or in the event that it is acquired then in the on-going enlarged entity) with a view to improving its performance and the use of its assets in such ways as should result in an increase in the value of such a company. The Directors hope that the resulting benefit will provide a satisfactory return to the Shareholders. In accordance with the AIM Rules for Companies, in the event that the Company has not implemented its Investing Policy within eighteen months of Admission, it will seek the consent of its Shareholders for its Investing Policy to be continued at its next annual general meeting and on an annual basis thereafter, until such time that it has substantially implemented its Investing Policy. The Company's Investing Policy may also be varied by Shareholder approval. The Directors believe that their broad collective business experience in the areas of acquisitions, accounting, corporate and financial management as well as their collective experience in implementing new technologies in media and entertainment businesses in the United Kingdom and China will assist them in the identification and evaluation of further suitable opportunities and will enable the Company to achieve its investing objectives. The Directors may undertake the initial project assessments themselves with additional independent technical advice as they judge may be required. The Company proposes carrying out a comprehensive and thorough investment review and due diligence process. The Company will not have a separate investment manager. The Directors believe that the adoption of the Investing Policy will provide the Board with the flexibility to actively seek out and acquire new investment opportunities, which the Board believes, with the injection of cash from the Issue and the Directors' expertise has the potential to create significant value for Shareholders. The investment described in this document may not be suitable for all those who receive it. Investment in the Company is expected to target investors whose typical profile will be that of sophisticated and/or professional investors. Geoff Morrow, Executive Chairman of Gate Ventures, commented, "The Board are delighted to bring Gate Ventures to AIM and look forward to implementing the Company's Investing Policy and to growing the Company for the benefit of our Shareholders." |
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