Related Party Transaction
07/02/2023 13:41
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RNS Number : 2060P Macaulay Capital PLC 07 February 2023
Macaulay Capital PLC
7 February 2023
Macaulay Capital PLC
("Macaulay" or the "Company")
Related Party Transaction
Change of Registered Office
Macaulay Capital PLC (AQSE:MCAP), which was formed to originate and manage
corporate transactions, raise funds from third parties, invest its own funds
alongside those of external investors and to manage its investment portfolio
with the aim of maximising its value, announces that it has recently completed
a related party transaction and changed its registered office address.
Re-charge of Operations Manager's time
It has been agreed by the board of Macaulay that the Company's operations
manager will spend a proportion of his time working with a private business
owned by David Horner and his wife. Under this agreement, the private
business is to pay a monthly fee, equivalent to the pro-rata cost of the
operations manager's employment to the Company, to Macaulay.
As David Horner is an associate of the private company, this transaction is
deemed to be a related party transaction under the AQSE Rules. The directors
of the Company (other than David Horner), having exercised reasonable care,
skill and diligence, believe that the transaction is fair and reasonable as
far as the shareholders of the Company are concerned.
Change of registered office
On 29 January 2023, the Company changed its registered office to Suite 8,
Bridge House, Courtenay Street, Newton Abbot, England, TQ12 2QS.
The Directors of the Company accept responsibility for the contents of this
announcement.
ENDS
Enquiries:
Macaulay Capital PLC
Clive Milner +44 (0)12 2554 1904
Cairn Financial Advisers LLP (AQSE Corporate Adviser)
James Caithie +44 (0)20 7213 0880
Louise O'Driscoll
Emily Staples
Oberon Capital (Broker)
Chris Crawford +44 (0)20 3179 5304
For more information please visit: www.macaulaycapital.com
(http://www.macaulaycapital.com/)
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