Spinnaker Opportunities PLC Additional Retained Advisors (5212I)

TIDMSOP

RNS Number : 5212I

Spinnaker Opportunities PLC

20 June 2017

20(th) June 2017

Spinnaker Opportunities Plc

("Spinnaker" or "the Company")

Additional Retained Advisors

Spinnaker Opportunities Plc (LON: SOP), the listed cash shell focused on delivering a single, material acquisition in the energy or industrial sectors, today announces that it has appointed Board advisory and energy recruitment experts, Simpson Booth Limited, and specialist natural resources and energy financial public relations firm, Blytheweigh Communications Limited.

Simpson Booth provides strategic advice on Board and Management team structure and composition as well as identifying appropriate candidates for those roles. They also have extensive expertise in the energy and industrial sectors and will advise on the structure of the future management of the company in the lead up to and completion of Spinnaker's first reverse takeover transaction.

Blytheweigh is a specialist financial public relations and investor relations consultancy with extensive expertise advising companies in the resources and energy space. Blytheweigh has offices based in London, Johannesburg and Toronto with a focus on small to mid-cap listed companies.

Both advisers have agreed that they will not receive any fees for their services prior to the completion of a reverse takeover transaction.

Spinnaker Chairman, Andy Morrison, commented:

"We are delighted with the addition of Simpson Booth and Blytheweigh to our team of advisers, which is a further vindication of our strategy."

"Since we listed Spinnaker has seen considerable interest in its strategy. This has provided, and is still providing us with more potential acquisitions. The Board and its advisers will look to finalise these opportunities and then narrow the number down within the next month."

"I look forward to working with both Simpson Booth and Blytheweigh and providing further updates in due course."

 
 Enquiries 
 
 Spinnaker Opportunities                          Tel: [phone] 
  Andy Morrison, Chairman                          561 
 Website: http://www.spinnakeropportunities.uk/ 
 
 SP Angel (Financial Adviser                      Tel: [phone] 
  and Broker)                                      0470 
  Lindsay Mair 
  Caroline Rowe 
 Blytheweigh (Financial                           Tel: [phone] 
  PR)                                              3204 
  Nick Elwes 
  Tim Blythe 
 

Notes to Editors:

About Spinnaker Opportunities

Spinnaker Opportunities (LON: SOP) is a cash shell company listed on the standard list of the London Stock Exchange, led by a management team with extensive expertise in the Oil & Gas/Energy industries. Spinnaker's strategy is to seek a single material acquisition with a view to performing a Reverse Takeover to generate an attractive capital return to its shareholders by achieving a valuation uplift upon RTO and by selecting a target business that has significant further value growth potential following acquisition.

This information is provided by RNS

The company news service from the London Stock Exchange

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June 20, 2017 02:00 ET (06:00 GMT)