Marechale Capital Plc Realisation of Investment

 
TIDMMAC 
 
20 February 2023 
 
                             Marechale Capital plc 
 
                        ("Marechale" or the "Company") 
 
                           Realisation of Investment 
 
The Directors of Marechale Capital plc (AIM: MAC) announce that the Company has 
received proceeds of £218,000 for the sale of shares held in Future Biogas 
Group Ltd ("FBG"), following the acquisition of FBG by 3i Infrastructure plc on 
15 February 2023. The shares sold in FBG included shares that were originally 
acquired in 2010-11 for £11,600 and shares issued to the Company by FBG in 
exchange for warrants granted to the Company as a result of its advice and 
assistance in fundraising. 
 
The realisation of this investment is an example of the fulfilment of the 
Company's strategy to have equity in its growth company clients, as part of its 
corporate finance fees. 
 
The Company's investments are held according to IFRS 9 at 'fair value' and any 
profits and/or losses recognised through the Profit and Loss Account. While the 
Company will record a small loss from the sale of the shares in the current 
financial year, over the 12 years since the initial investments in FBG, 
Marechale has recorded total net gains of £206,000. The proceeds of the sale 
have been received in full, in cash and will help provide working capital for 
the group as the markets remain challenging for fundraising, as was reported on 
in the Company's half-yearly results announced on 2 December 2022. 
 
This announcement contains inside information for the purposes of Article 7 of 
EU Regulation 596/2014. 
 
For further information please contact: 
 
Marechale Capital plc                              Tel: [phone] 
Mark Warde-Norbury / Patrick Booth-Clibborn 
 
Cairn Financial Advisers LLP (Nomad)               Tel: [phone] 
Jo Turner / Sandy Jamieson 
 
BlytheRay (Financial PR)                          Tel: + 44 (0)78 7574 4070 
Tim Blythe / Megan Ray                       [e-mail] 
 
About Marechale Capital 
 
Marechale is an established City of London based corporate finance house, with 
a long-term track record and a strong reputation in advising & financing high 
growth consumer brands, leisure, clean energy, and technology companies. The 
Company uses its balance sheet to co-invest in its client companies, along with 
warrants and founder equity, in order to create shareholder value. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

February 20, 2023 02:00 ET (07:00 GMT)