Marechale Capital Plc Trading Update

 
TIDMMAC 
 
04 March 2021 
 
                             Marechale Capital plc 
 
                        ("Marechale" or the "Company") 
 
                                Trading Update 
 
Marechale Capital Plc (AIM: MAC) provides an update on its current trading. 
 
Further to the announcement of 26 January 2021, Marechale recently completed a 
strategic fundraising to put the Company in a better position to take advantage 
of opportunities that are presented to Marechale in connection with its work 
for corporate clients whereby Marechale takes shares, founder shares or long 
term warrants in lieu of or in addition to cash fees.  The Company sees 
significant potential for growth within the technology, alternative and 
renewable energy and leisure and hospitality sectors as the economy recovers 
from the current pandemic and the Directors consider that a stronger balance 
sheet will allow it greater scope to capitalise on and participate in client 
financing opportunities on advantageous terms. 
 
Recent transactions concluded by the Company include providing strategic advice 
to a high growth energy business, which is planning a realisation event in the 
short term, whereby the Company was able to receive a greater proportion of 
shares and warrants as part of its advisory fees.  In addition, Marechale is 
now better positioned to invest in and support its corporate clients alongside 
its investor relationships which it has recently done with a growing global 
technology group which is on the cusp of its first commercial contract. In this 
transaction, the Company received further shares in a new equity round, at a 
premium valuation to previous rounds, together with increasing its warrant 
position.  Finally, the Company completed a short-term, high yielding loan note 
funding round through its investor contacts, in which it was also able to 
participate and receive warrants, for a UK hospitality brand with the potential 
for high growth.  The board believes these investments and other maturing 
warrants and equity and founder equity investments in the Marechale corporate 
finance portfolio have the potential to generate material value to 
shareholders. 
 
Marechale is an established corporate finance firm providing strategic, M&A and 
advisory services helping to provide finance for earlier stage and growth 
capital companies from its family office, private investor and private equity 
relationships where it often co invests. The majority of the Company's recent 
share placing funding has been invested in, or committed to, a number of these 
completed and ongoing transactions, taking the form of equity at attractive 
valuations and short-term, high yielding loans with warrants attached. 
 
This announcement contains inside information for the purposes of Article 7 of 
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the 
European Union (Withdrawal) Act 2018). 
 
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 / Mark Rogers 
 
Novum Securities Limited (Broker)                  Tel: [phone] 
Colin Rowbury 
 
 
 
END 
 
 

(END) Dow Jones Newswires

March 04, 2021 10:25 ET (15:25 GMT)