REG - Caledonian Holdings - Further investment in AlbaCo Limited

Caledonian HoldingsAnnouncement

22/01/2026 07:00

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RNS Number : 8643P  Caledonian Holdings PLC  22 January 2026

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

22 January 2026

Caledonian Holdings plc

("Caledonian" or the "Company")

 Further investment in AlbaCo Limited

Caledonian Holdings plc is pleased to announce that it has entered into a
further subscription agreement to provide short-term funding support to
existing investee company, AlbaCo Limited ("AlbaCo" or "Alba"), to support the
business through the ongoing banking licence assessment process.

Under the subscription agreement, Caledonian has committed £750,000 of
funding to AlbaCo. This funding is in addition to the aggregate £1.45 million
investment in Alba announced by the Company on 7 October 2025 and 18 December
2025 and reflects Caledonian's continued conviction in Alba as a core
portfolio investment.

The funds will be drawn down by AlbaCo immediately and satisfied from the
Company's existing cash resources.

Funding terms

The funding will be provided on terms substantially consistent with
Caledonian's previous short-term support arrangements announced on 7 October
2025 and 18 December 2025, including a 25% fee payable either in cash or in
new ordinary shares in AlbaCo upon completion of AlbaCo's regulatory capital
fundraising. Warrants will also be issued to Caledonian conditional on, inter
alia, completion of AlbaCo's regulatory capital fundraising.

Caledonian currently holds 1,500,000 shares in AlbaCo, representing 5.47% of
AlbaCo's existing issued share capital.

Strategic rationale

Caledonian views AlbaCo as a core long-term investment. This additional
funding:

·      supports AlbaCo's operational continuity during the banking
licence assessment process;

·     enables AlbaCo to maintain momentum across regulatory, operational
and commercial workstreams; and

·      reinforces Caledonian's commitment as AlbaCo progresses towards
potential authorisation and launch.

There can be no certainty that a banking licence will be granted, which
remains subject to regulatory approval.

Keith Barclay, Investment Director, commented:

"We are pleased to continue supporting AlbaCo at this important stage of its
journey. Our funding terms are structured to ensure Caledonian's interests are
fully protected and that our shareholders benefit from any future improvement
in AlbaCo's capital-raising terms. We remain confident in AlbaCo's progress
and believe this approach positions Caledonian to capture meaningful long-term
value as the regulatory process advances."

Information on Alba

Alba aims to be a new bank with a clear vision and purpose - to support small
and medium-sized businesses as they develop their aspirations, grow and
realise their potential. Alba aims to help SMEs grow by applying specialist
expertise and insight while forming strong and lasting relationships with its
customers. Alba is not yet open to trade pending full regulatory banking
approval.

For the year ended 29 February 2024, Alba reported a loss after tax of
approximately £8.96 million. As at 29 February 2024, Alba's net assets were
£6.31 million.

For further information, see albacoltd.co.uk (https://www.albacoltd.co.uk/) .

 

For further information, please contact:

 Caledonian Holdings plc                          Tel: +44 (0) 7950 389469

 Jim McColl, Executive Director

 Brent Fitzpatrick, Non-Executive Chairman

   Allenby Capital Limited (Nominated Adviser)    Tel: +44 (0) 20 3328 5656
   Nick Athanas / Piers Shimwell

 AlbR Capital Limited (Broker)                    Tel: +44 (0) 20 7469 0930

 

 

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