Voyager Life PLC Admission to Trading and First Day of Dealings (5480D)

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RNS Number : 5480D

Voyager Life PLC

30 June 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

This announcement is not a prospectus or admission document and not an offer of shares for sale in any jurisdiction, including in or into Australia, Canada, Japan, South Africa or the United States.

Voyager Life plc

("Voyager" or "the Company")

Admission to Trading and First Day of Dealings

CBD health and wellness company makes debut on AQSE Growth Market

Voyager Life plc (AQSE:VOY), the health and wellness company established to supply high-quality Cannabidiol (CBD) and hemp seed oil products, is pleased to announce that trading in its ordinary shares commenced on the Aquis Stock Exchange Growth Market (AQSE) at 08:00 today (Wednesday 30 June 2021) under the ticker "VOY" and ISIN number GB00BLD3FF28.

The Company has been admitted to the Access Segment of the AQSE Growth Market ("Admission") following a successful placing and subscription of 689,656 new ordinary shares of 1p each at 58 pence per share, raising gross proceeds of GBP400,000.

The directors of Voyager believe that Admission to AQSE will enhance the Company's profile and status, provide liquidity for shareholders, as well as providing a platform for raising additional funds to support its expansion plans.

Company information

On Admission, Voyager's enlarged share capital comprises 9,252,920 Ordinary Shares. The market capitalisation of the Company immediately following Admission, at the issue price of 58 pence per new ordinary share, is approximately GBP5.4 million.

The Company was incorporated in November 2020 and offers a range of health and wellness products containing CBD and hemp seed oil. Products include oils, "gummies" (chewable sweets), bath and skincare products and hemp-based products for pets, which are available online through the Company's website www.voyagercbd.com and through more than 20 third-party websites, including popular online platforms Amazon, eBay and Etsy. The Company has opened more than 30 new trading accounts with independent retail stores and chains in the last month and expects to open its first retail premises in St Andrews, on Scotland's east coast, during July 2021.

The Board believes that a significant opportunity exists in the CBD sector as a result of the expected growth of the market, as CBD becomes more mainstream, coupled with the changing regulatory environment for CBD products in the UK.

Nick Tulloch, CEO of Voyager, said:

"Our plan from day one was to list Voyager at the appropriate time, to both improve our trading liquidity for all our shareholders and to enhance the Company's corporate standing as a new entity seeking partnerships with established retailers.

"I am therefore very pleased to have reached this milestone just eight months after our first fundraising round in November 2020. We have raised a total of GBP2.5 million to date and our cash balance will exceed GBP2 million, net of IPO expenses. We therefore begin July 2021 with a very healthy balance sheet, new products developed, manufactured and paid for, our first year's rent on our St Andrews store already settled. Above all, we have achieved our objective of providing liquidity for our shareholders on schedule. It is a testament to the business plan that we have set out that, in spite of softening market conditions for IPOs and numerous other companies in our sector seeking funds, we have concluded our IPO on schedule and at our target valuation.

"Voyager is already generating revenue from a low-cost base and we believe we are in a very strong long-term position to develop the business and grow our customer base. I'd like to thank our shareholders and customers for their continuing support. We are very excited by our pace of commercial progress and will keep our new and existing shareholders fully appraised of each milestone we pass in the coming weeks and months."

The Company's Admission Document is available to view here: https://voyagerlife.uk/wp-content/uploads/2021/06/Voyager-Admission-Document-Final-28-June-2021.pdf

The Directors of the Company accept responsibility for the contents of this announcement.

-ENDS-

Enquiries:

 
 Voyager Life plc 
 Nick Tulloch                            01738 505 130 / [e-mail] 
 
 Charlotte Street Partners (Financial 
  Communications) 
 David Gaffney                           [phone] / [e-mail] 
 Tom Gillingham                          [phone] / [e-mail] 
 Andrew Wilson                           [phone] / [e-mail] 
 
 Cairn Financial Advisers LLP (AQSE 
  Corporate Adviser) 
 Liam Murray or Ludovico Lazzaretti      [phone] 
 
 Bixteth Partners Limited (Broker) 
 Guy Briselden                           +44 (0) [phone] / [e-mail] 
 

Website and social media links:

 
 Corporate website https://voyagerlife.uk   https://twitter.com/voyagercbd 
 Consumer website https://voyagercbd.com/   https://www.linkedin.com/company/voyager-cbd/ 
 https://www.instagram.com/voyagercbd/      https://www.facebook.com/VoyagerCBD/ 
 

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June 30, 2021 03:00 ET (07:00 GMT)