Share Name Share Symbol Market Type Share ISIN Share Description
Angelfish Investments plc NEX:ANGP NEX Ordinary Share GB00B28HZ894
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.025 0.02 0.04 0.025 0.025 0.025 0.00 07:55:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Angelfish Investments Plc Investment in Just Bee Drinks Limited

10/04/2019 7:00am

UK Regulatory (RNS & others)


 
TIDMANGP 
 
10 March 2019 
 
                           Angelfish Investments Plc 
                        ("Angelfish" or "the Company") 
 
              Investment in Just Bee Drinks Limited ("Just Bee") 
 
The Directors of Angelfish announce that the Company has agreed to subscribe GBP 
150,000 for 1,840,000 Ordinary A shares in Just Bee Limited ("Just Bee"). This 
investment, which forms part of a total equity fund raise of GBP292,000, will 
represent an equity stake of 9.14% in Just Bee following completion of this 
funding round. 
 
In addition Angelfish will provide a working capital loan to Just Bee. 
 
The principal terms of the loan agreement are as follows: 
 
  * The facility will be up to GBP100,000 at a coupon rate of 10%. 
  * The loan may be drawn on demand. 
  * The loan is supported by a first ranking fixed and floating debenture over 
    the assets of Just Bee. 
  * The loan is repayable no later than three years after drawdown. 
 
Just Bee is a 100% natural juicy water drink, sweetened with a drop of honey. 
It is sugar tax compliant with no added sweeteners and sits within the fastest 
growing soft drinks market segment. The brand was developed by beekeepers and 
also has a social and ethical mission to protect bees, helping to plant 
bee-friendly wildflower patches across the UK, with 5 millions flowers planted 
to date. 
 
Just Bee saw 107% revenue growth from 2017 to 2018, with over 1 million bottles 
sold to date from numerous well known high street stores including Co-op, 
Waitrose, Boots, and Booths.  The Board of Just Bee includes highly experienced 
senior executives from the food and drink sector. 
 
This new round of investment will allow Just Bee to expand its product range 
and invest in a dedicated experienced sales team.  This will enable the further 
development of existing relationships to give a greater foothold in the 
extensive soft drinks sector with a growing awareness of the health benefits of 
naturally sourced raw materials. 
 
Joe Harper, CEO of Just Bee commented: " Just Bee is now a recognised brand 
within the industry with listings in over 750 stores including in some of the 
UK's top high street retailers. We are excited to be partnering with Angelfish 
Investments plc as lead investor for our next stage of growth, which will see 
us expanding distribution, launching new products  and deploying strategic 
marketing campaigns to raise brand awareness. 
 
Richard Walker, Director of Angelfish, who will join the board of Just Bee as a 
Non Executive Director, commented: "Just Bee represents an exciting opportunity 
for Angelfish as a second stage investor, with strong leadership in place aided 
by a highly experienced Board, as it seeks to develop from the sound base 
established in the last two years and build on the relationships already 
secured with a number of major high street retailers. We look forward to 
working closely with the Just Bee team over the coming months" 
 
This announcement contains information which, prior to its disclosure, was 
inside information for the purposes of Article 7 of EU Regulation 596/2014. 
 
The directors of the Company take responsibility for this announcement. 
 
=-ENDS- 
 
Enquiries: 
 
Angelfish Investments Plc +44 (0)7772 013116 
Richard Walker 
Director 
 
Cairn Financial Advisers LLP +44 (0)207 213 0880 
NEX Exchange Corporate Adviser 
David Coffman / Richard Nash 
 
About Angelfish Investments Plc 
 
The Company's Ordinary Shares and Preference Shares are admitted to trading on 
the NEX Exchange Growth Market in London. The Company has the trading symbol 
ANGP for its Ordinary Shares and the trading symbol ANGS for its Preference 
Shares. 
 
 
 
END 
 

(END) Dow Jones Newswires

April 10, 2019 02:00 ET (06:00 GMT)

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