REG - Caledonian Holdings - Update re. AlbaCo Limited

Caledonian HoldingsAnnouncement

27/08/2025 15:15

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RNS Number : 9200W  Caledonian Holdings PLC  27 August 2025

27 August 2025

Caledonian Holdings plc

("Caledonian Holdings" or "the Company")

 

Update re. AlbaCo Limited

 

Further to the Company's announcement of 13 August 2025, the Board of
Caledonian Holdings (AIM:CHP), an AIM-quoted investing company focused on the
financial services market, is pleased to announce that the Prudential
Regulatory Authority (the "PRA"), in conjunction with the Financial Conduct
Authority (the "FCA"), have approved the application for AlbaCo Limited
("AlbaCo") to be authorised as a UK deposit taker (a licensed UK bank).

 

The banking license is subject to confirmation and evidence that AlbaCo has
raised the minimum amount of authorisation capital of £25 million to meet its
requirements and buffers for at least the next 12 months as determined by
AlbaCo in its projected business plan.

 

Caledonian Holdings currently holds 1,000,000 ordinary shares in AlbaCo, which
is equivalent to a holding of 3.65% of the current issued share capital of
AlbaCo.

 

Jim McColl, Executive Director of Caledonian Holdings, commented:

 

"This is a landmark for AlbaCo and represents the culmination of five years of
intensive work by AlbaCo and its professional advisers to secure the consent
of the PRA and FCA to begin operations. I sincerely hope and believe that
this, as well as being transformational in terms of AlbaCo's prospects,
valuation and market position, will also present the opportunity for both
AlbaCo and Caledonian Holdings to move forward rapidly to further develop
their ambitious strategic plans."

 

 

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

                                               Tel: +44 (0) 20 7469 0930

 Peterhouse Capital Limited (Broker)

 

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