REG-High Growth Capital Plc: Admission to the NEX Exchange Growth Market

Global Opportunities TrustAnnouncement

25/06/2018 08:45

25 June 2018

High Growth Capital plc

(“HASH” or the “Company”)

Admission to the NEX Exchange Growth Market

The Board of the Company is pleased to announce that trading in its Ordinary
Shares has commenced at 8.00 a.m. today on the NEX Exchange Growth Market
("Admission"), under ticker HASH and ISIN number GB00BPT23R97. 

For avoidance of doubt and as per the announcement of 15 June 2018, the
Company's ISIN (GB00BPT23R97) and SEDOL (BPT23R9) remain the same and existing
share certificates remain valid and will not be replaced. 

The Company’s Investment Strategy is to initially effectively become a UK,
Canadian and Australian-focused medicinal cannabis and related products’
index tracker and investor. The Company will aim to track companies in the
sector that are quoted or listed on public company stock exchanges and
Recognised Investment Exchanges such as the NEX Exchange Growth Market.
Constituents must have a business strategy focused on the medicinal cannabis
industry, or other related cannabis or hemp products. The index will be
equally-weighted and rebalanced on a regular basis.

On 29 March 2018, the first ever initial public offering of a company
primarily focused on the cannabis sector was undertaken on the NEX Exchange
Growth Market, a Recognised Investment Exchange, by Sativa Investments plc.
The Company anticipates that this IPO will be a catalyst for a number of
additional UK stock market listings by companies operating in the cannabis
sector in the near future. It is also the aim of the Company to ensure that it
provides investors with direct exposure to such companies, developing a
de-facto ‘tracker’ covering such UK listed cannabis companies admitted to
any and all UK public markets.

The Company will adapt its longer-term investment policy to reflect the growth
of the UK-listed Cannabis market place, initially, to provide the maximum
range and depth of exposure to investee companies. The Company intends to
adopt a policy of acquiring up to 10 per cent. of the share capital of each
company it invests into, or £150,000 worth of such equity, whichever is the
lower amount, and, subject to, and, at the discretion of the Board.

Details of Directors

The full names of the Directors of the Company and positions are as follows:

Malcolm Burne, Non-Executive Chairman (Aged 74)

Malcolm Alec Burne is a serial financial markets entrepreneur who, as
principle, has developed businesses in stockbroking, fund management,
corporate finance and venture capital. He started his career as an investment
columnist with the ‘Financial Times’ and has lived and worked in
Australia, Hong Kong and Canada as well as the UK. He is a director of a
number of companies in early stage venture investing and remains founder
Chairman of Golden Prospect Precious Metals Limited, a quoted Guernsey based
closed end investment company.

Michael Canie, Non-Executive Director (Aged 46)

As Dean and Professor of Sports Technology and Innovation at Loughborough
University and a founding director of two university spin-out technology
companies, Professor Caine brings considerable experience in the growth and
development of innovative technology companies, as well as an extensive
network within the academic and commercial sport, education and technology
communities, to the role.

Marcus Yeoman, Non-Executive Director (Aged 55)

Marcus Yeoman (Non-Executive Director), is a non-executive director of
reach4entertainment Enterprises plc and a previous non-executive director of
GoTech. He is a non-executive director of a number of private companies which
have engaged him principally to assist them with their growth strategies. His
early career started with the formation of three companies in IT
infrastructure and distribution, after which he moved into small company
broking and corporate work with Rathbone Stockbrokers Limited and Cheviot
Capital (Nominees) Limited. In 2003, Marcus established Springtime Consultants
Ltd and has been acting as a consultant or non-executive director to a number
of listed companies and SME ventures.

Rupert Horner, Finance Director (Aged 55)

Rupert qualified as a chartered accountant with KPMG in 1987 in London. In
1989, he joined and subsequently became a director of Thompson Investments
(London) Limited, a family owned private investment vehicle. He has served as
finance director of a number of both private and public companies (on the Main
Market of the London Stock Exchange and AIM) including Union Square PLC,
Clubhaus PLC and Secora PLC.

Samantha Roman, Managerial Advisory Committee Member

Company designate, Samantha Roman, is to be formerly appointed as Managerial
Advisory Committee Member.

Samantha was a founder of Spot Therapeutics Inc., (2013) an early collaborator
in the cannabis ecosystem (since acquired by Canopy Growth Corp TSE: WEED).
She is the President of Credible Cannabis (http://crediblecannabis.com/)
advising industry, ancillary companies and private clients driven by science
and sound business practices. As advisor to conferences, she concentrates on
the future of the industry and consumer safety. Previously, Samantha was a
director at a leading financial institution and head of health and safety for
an agriculture operation. She holds a Bachelor of Science Nursing (Honours)
and a Master Business Administration.

Conversion of Loan Notes

On 24 May 2018, the Company announced it had raised £250,000, before
expenses, via the issuance of un-secured and non-interest bearing loan notes,
convertible into Ordinary Shares of the Company. The loan notes convert
automatically immediately following admission to trading on NEX at, the lower
of either, 0.4 pence per share or a 10 per cent. discount to the opening
bid-price.

A further announcement will be made shortly outlining the conversion price,
substantial shareholder information and the total voting rights.

The Ordinary Shares to be issued pursuant to the proposed Loan Note conversion
will rank pari passu with the existing Ordinary Shares.

The Directors of the Company accept responsibility for the content of this
announcement.

Contact details:

 The Company                     Malcolm Burne                                          0207 469 0937 Mb@jpjenkins.com  
 NEX Exchange Corporate Adviser  Peterhouse Capital Limited Guy Miller and Eran Zucker  020 7220 9795                   



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