Oberon Investments - Acquisition of Nexus Investments Evergreen EIS
18/12/2023 07:00
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RNS Number : 0559X Oberon Investments Group PLC 18 December 2023
This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014. Which is part of the United Kingdom domestic law
pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)
("UK MAR").
18 December 2023
Oberon Investments Group plc
('Oberon')
Acquisition of Nexus Investments Evergreen EIS Scale Up Fund
('Nexus EIS Fund')
Oberon Investments Group plc (AQSE: OBE), the boutique investment management,
wealth planning and corporate broking group, is pleased to announce that,
further to the Company's announcement on 20 July 2023, it has received FCA
approval for the change of control in Nexus Investment Management Limited
and has therefore completed the acquisition of the Nexus Investments Evergreen
EIS Scale-Up Fund ('Nexus EIS Fund') from Nexus Central Management Services
Limited (the 'Acquisition').
The Acquisition was funded through the issue of 7.5m new ordinary shares in
Oberon. The Acquisition will contribute a profit before tax after management
expenses and admin expenses and Oberon is focused on providing a seamless
transfer of investment management services to investors in the Nexus EIS Fund.
The Nexus EIS Fund has a 15-company strong portfolio across Digital, Data,
EdTech and Health which strengthens Oberon's offering to investors who wish to
benefit from Enterprise Investment Scheme tax relief ('EIS') and companies
seeking EIS investment. The Acquisition of the Nexus EIS Fund will augment
Oberon's existing 'Oberon EIS Fund' and complements our offer to growing
companies seeking investment through Oberon Capital and Oberon Private
Ventures divisions, thus further enhancing Oberon's expertise in these
verticals.
An application will be made to the Aquis Stock Exchange ("Aquis") for the 7.5m
new ordinary shares to be admitted to trading. Admission is expected to take
place, and dealings on Aquis in the ordinary shares is expected to commence,
at 08:00 on or around 21 December 2023.
As a result of the issue of the new ordinary shares in Oberon, in accordance
with the FCA's Disclosure Guidance and Transparency Rules, following admission
of the new ordinary shares, the Company's issued share capital consists of
615,086,322 Ordinary Shares of 0.5p, each with one voting right. The Company
does not hold any Ordinary Shares in treasury. Therefore, the total number of
voting rights in the Company is 615,086,322.
Oberon Chief Executive Officer Simon McGivern said:
"Having now received the change of control approval from the FCA we are
delighted to be able to reinforce our existing EIS offerings and welcome the
Nexus EIS Fund investors to Oberon".
The directors of Oberon accept responsibility for this announcement.
Enquiries:
Oberon Investments Group
plc
020 3179 5300
Simon McGivern / Galin Ganchev
Novum Securities Limited
(AQSE
020 7399 9400
Corporate Adviser to the Company)
Richard Potts, George Duxberry
Oberon Capital (Broker to the
Company)
020 3179 5300
Mike Seabrook, Nick Lovering
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