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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Macaulay Capital PLC | AQSE:MCAP | Aquis Stock Exchange | Ordinary Share | GB00BNKBMF25 | Ordinary shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.50 | 18.00 | 19.00 | 18.50 | 18.50 | 18.50 | 0.00 | 06:56:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMCAP
RNS Number : 7089B
Macaulay Capital PLC
06 June 2023
Macaulay Capital PLC
6 June 2023
Macaulay Capital PLC
("Macaulay Capital" or the "Company")
Completion of transaction
Macaulay Capital PLC (AQSE:MCAP), which was formed to originate and manage corporate transactions, raise funds from third parties, invest its own funds alongside those of external investors and to manage its investment portfolio with the aim of maximising its value, announces that it has completed its third transaction.
On 5 June 2023, Macaulay Capital and its wholly owned subsidiary, Macaulay Management Limited (together, the "Group"), completed a transaction (the "Transaction") to raise GBP0.94 million to be invested in Kelda Showers Limited, a company which has developed a disruptive water and energy-saving solution to the shower market.
The Transaction, which is in ordinary shares and expected to be eligible for EIS, is part of an ongoing raise of a minimum of GBP1.75m and is being supported by Kelda's management and existing shareholders, together with a number of new investors.
Whilst the Group has not itself invested in Kelda as the investment is entirely in ordinary shares, David Horner and Richard Bucknell have invested GBP100,000 and GBP20,000 respectively in the Transaction. As Mr Horner and Mr Bucknell are directors of the Company, their investments in the Transaction are deemed to be related party transactions under the AQSE Rules. The Company's other director, Lindsay Mair, having exercised reasonable care, skill and diligence, believes that the investments by David Horner and Richard Bucknell are fair and reasonable as far as the shareholders of the Company are concerned.
Related fees payable to the Group comprise an arrangement fee of approximately GBP47,000 and an ongoing monitoring fee of GBP20,000 per annum.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
ENDS
Enquiries:
Macaulay Capital PLC +44 (0)20 3946 Clive Milner 5981 Cairn Financial Advisers LLP (AQSE Corporate Adviser) James Caithie +44 (0)20 7213 Louise O'Driscoll 0880 Oberon Capital (Broker) +44 (0)20 3179 Chris Crawford 5304 For more information please visit: www.macaulaycapital.com
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(END) Dow Jones Newswires
June 06, 2023 02:00 ET (06:00 GMT)
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