REG - AIM - Schedule One - Tap Global Group Plc

Blackrock Smaller Companies TrustAnnouncement

13/06/2025 08:15

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RNS Number : 6384M  AIM  13 June 2025

 

 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE
 WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

 COMPANY NAME:

 Tap Global Group PLC ("Tap Global" or the "Company")

 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
 (INCLUDING POSTCODES) :

 Registered Address:

 6(th) Floor, 60 Gracechurch Street

 London

 EC3V OHR

 United Kingdom

 Trading address:

 260 Main Street

 Gibraltar, GX11 1AA

 COUNTRY OF INCORPORATION:

 England and Wales

 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

 https://investor.tap.global/

 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
 INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS
 SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
 STATED:

 Tap is an innovative digital finance hub that brings money and crypto services
 together in a single app. As a fully integrated provider of fiat (traditional
 currency) payments and crypto settlement services, Tap aims to bridge these
 two financial universes with a single solution for over 560 million crypto
 users globally.

 Tap operates a fully functional Crypto/Payments Solution for both consumers
 and corporate customers. It is a fully integrated crypto-fiat exchange service
 provider with an associated Neo Payments platform based in Gibraltar and is
 also a regulated DLT Licence Holder in Gibraltar.

 A single registration provides Tap customers with access to several major
 crypto exchanges through the Tap App allowing them to purchase and trade over
 50 types of cryptoassets without having to operate through multiple exchanges
 and store them directly in individual digital wallets. The wallets can also
 store fiat currency denominated in Pound Sterling (GBP), Euro (EUR), US Dollar
 (USD), Australian Dollar (AUD), Swiss Franc (CHF), Japanese Yen (JPY) and
 Canadian Dollar (CAD). Utilising Tap's proprietary Artificial Intelligence
 middleware, Tap provides customers with competitive crypto trading prices
 through its connections with multiple exchanges, which are scanned to find the
 best possible trade permutations at the point of a transaction giving the
 benefit of best execution and pricing in real time. This allows Tap to offer
 competitive pricing for trades and instant crypto or cash settlement.

 Tap provides individual payments accounts denominated in GBP and/or EUR to all
 its customers in the UK, EEA and EU through its payments partner, Clear
 Junction. B2B and B2C customers can operate their Tap fiat payments account
 for ordinary business activities, such as paying suppliers and receiving
 monies in two fiat currencies (currently EUR and GBP, with more fiat
 currencies in development). In addition, customers have the option to be
 issued a physical or virtual Tap Prepaid Mastercard on which purchases can be
 made.

 Tap's mission is to create a seamless and fully regulated bridge that links
 fiat payments, traditional assets and crypto markets (including mainstream
 cryptocurrencies such as Bitcoin, Ethereum and other upcoming decentralised
 finance ("DeFi") protocols).

 Built on its exchange foundation, Tap also offers consumer and corporate
 crypto-fiat payments services. Cryptocurrency can be converted into Euros and
 credited to a customer's Prepaid Mastercard for spending. Through the use of
 "straight through processing" TAP is planning to make customers' cryptoassets
 spendable at points of sale in real time. In addition, customers have the
 ability to initiate third party transfers from their accounts using the UK
 Faster Payments or SEPA Transfer method.

 Customers in the United Kingdom, the European Union and the European Economic
 Area are provided with individual, named payments accounts into which they can
 make deposits by way of a bank transfer in order to purchase crypto currency
 or retain fiat cash balances.

 Rather than build this facility in house, Tap has partnered with one of the
 market leaders in this field, Fireblocks. One of the benefits of using
 Fireblocks' platform is the availability of a USD30 million insurance policy
 that protects all assets held in cold storage against hacking and
 misappropriation.

 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER
 OF THE SECURITIES (i.e. where known, number and type of shares, nominal value
 and issue price to which it seeks admission and the number and type to be held
 as treasury shares):

 On admission the Company will have 743,409,624 ordinary shares of 0.1 pence
 each in issue ("Ordinary Shares") in issue.

 No Ordinary Shares are held in treasury

 There are no restrictions on the transfer of Ordinary Shares

 CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED
 MARKET CAPITALISATION ON ADMISSION:

 The Company will not be raising new capital or providing a secondary offering
 as part of Admission.

 Anticipated market capitalisation on admission: c.£12.3 million

 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

 60.23%

 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES
 (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

 The Company was admitted to trading on the Access Segment of the AQSE Growth
 Market on 10 January 2023. Trading on AQSE will be cancelled immediately prior
 to Admission to trading on AIM.

 THE COMPANY HAS APPLIED FOR THE VOLUNTARY CARBON MARKET DESIGNATION (Y/N)

 No

 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the
 first name by which each is known or including any other name by which each is
 known):

 Peter George Wall (Non-Executive Chairman)

 Arsen Torosian (Chief Executive Officer)

 John Edward Taylor (Non-Executive Director)

 Steven Borg (Chief Financial Officer)

 FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE
 OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first
 name by which each is known or including any other name by which each is
 known):

Shareholder     Percentage shareholding prior to admission  Percentage shareholding following admission
 Arsen Torosian  59.52                                       59.52

 

 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
 (H) OF THE AIM RULES:

 Peterhouse Capital Ltd

 (i)         ANTICIPATED ACCOUNTING REFERENCE DATE

 (ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
 ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
 interim financial information)

 (iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
 PURSUANT TO AIM RULES 18 AND 19:

 (i)         30 June

 (ii)        31 December 2024

 (iii)       Annual Report for the year ending 30 June 2025 - by 31
 December 2025

 Half Yearly Results for the 6 months ending 31 December 2025 - by 31 March
 2026

 Annual Report for the year ending 30 June 2026 - by 31 December 2026

 EXPECTED ADMISSION DATE:

 27 June 2025

 NAME AND ADDRESS OF NOMINATED ADVISER:

 SPARK Advisory Partners Limited

 5 St John's Lane

 London

 EC1M 4BH

 NAME AND ADDRESS OF BROKER:

 Tennyson Securities (a trading name of Shard Capital Partners LLP)

 36-38 Cornhill

 London

 EC3V 3NG

 OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
 INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
 STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
 ADMISSION OF ITS SECURITIES:

 https://investor.tap.global/

 THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

 Corporate Governance Code for Small and Mid-sized Quoted Companies 2023,
 published in 2023 by the Quoted Companies Alliance

 DATE OF NOTIFICATION:

 13 June 2025

 NEW/ UPDATE:

 NEW

 

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:

 

Peterhouse Capital Ltd

 

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:

 

(i)         30 June

 

(ii)        31 December 2024

 

(iii)       Annual Report for the year ending 30 June 2025 - by 31
December 2025

Half Yearly Results for the 6 months ending 31 December 2025 - by 31 March
2026

Annual Report for the year ending 30 June 2026 - by 31 December 2026

 

 

EXPECTED ADMISSION DATE:

 

27 June 2025

 

NAME AND ADDRESS OF NOMINATED ADVISER:

 

SPARK Advisory Partners Limited

5 St John's Lane

London

EC1M 4BH

 

NAME AND ADDRESS OF BROKER:

 

Tennyson Securities (a trading name of Shard Capital Partners LLP)

36-38 Cornhill

London

EC3V 3NG

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:

 

https://investor.tap.global/

 

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

 

Corporate Governance Code for Small and Mid-sized Quoted Companies 2023,
published in 2023 by the Quoted Companies Alliance

 

DATE OF NOTIFICATION:

 

13 June 2025

 

NEW/ UPDATE:

 

NEW

 

 

 

 

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