Simian Global Plc Publication of Prospectus and Admission to Trading

 
TIDMSMG 
 
10 January 2017 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, 
INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, 
THE REPUBLIC OF IRELAND OR JAPAN. 
 
                               Simian Global Plc 
                      ("Simian Global" or the "Company") 
 
              Publication of Prospectus and Admission to Trading 
 
Simian Global Plc (LSE: SMG), is pleased to announce that it has successfully 
completed the subscription of 5,130,000 ordinary shares of 10 pence each 
("Ordinary Shares") at a price of 15 pence per share raising a total of GBP 
769,500. The Company's enlarged share capital of 6,230,000 Ordinary Shares will 
be admitted to the Standard Listing segment of the Official List of the UK 
Listing Authority and to trading on the London Stock Exchange Main Market for 
listed securities (together, "Admission"). 
 
Admission will become effective and dealings will commence at 8.00 a.m. today, 
10 January 2017. 
 
Simian Global, is a special purpose acquisition company ("SPAC") incorporated 
in the United Kingdom and established to undertake the acquisition of a company 
or a business in the technology, media and telecommunications ("TMT") sector. 
 
 
Company Strategy: 
 
·      Simian Global is seeking to acquire companies within the TMT sector to 
capitalise on growing consolidation opportunities and create shareholder value 
by driving positive change. The company is looking at targets across the entire 
TMT value chain. 
 
·      The management team, consisting initially of Edward Ng and Ajay Rajpal, 
have international experience in sourcing M&A opportunities. 
 
·      As part of any acquisition, the Company will seek re-admission of the 
enlarged group following the acquisition through a reverse takeover to trading 
on the London Stock Exchange or admission to another stock exchange. 
 
·     Simian Global's management team is looking for a company with a strong 
competitive industry position; large potential for growth, particularly on a 
cross-border, international basis; a strong and experienced management team. 
 
Edward Ng, the Company's Executive Director commented: "The global TMT 
marketplace, is one of the largest but most fragmented markets in the world. 
This, combined with an increasing demand from key customers for pan-regional 
expertise and coverage, means that this largely de-consolidated market is 
primed for investment and consolidation. 
 
The knowledge and experience of the Board will drive implementation of the 
defined company strategy, with a key focus on enhancing shareholder value and 
generating strong returns for investors. 
 
We are very pleased to have secured investment for the Admission and look 
forward to executing our stated acquisition strategy for the benefit of all our 
shareholders." 
 
Availability of the Prospectus 
 
The Prospectus has been approved by the UK Listing Authority and a copy has 
been submitted to the National Storage Mechanism and will shortly be available 
for inspection at: www.morningstar.co.uk/uk/NSM. 
 
Copies of the Prospectus are also available at the Company's registered address 
at Finsgate, 5-7 Cranwood Street, London, EC1V 9EE and from the Company's 
website at www.simianglobal.com. 
 
ENDS 
 
Enquiries: 
 
Simian Global Plc 
Ajay Rajpal 
Tel: [phone] 
 
 
Peterhouse Corporate Finance Limited 
Fungai Ndoro 
Duncan Vasey 
Tel: [phone] 
 
 
 
 
END 
 

(END) Dow Jones Newswires

January 11, 2017 05:21 ET (10:21 GMT)