REG - Onward Opportunities - Admission to Main Market and AIM Cancellation

Onward OpportunitiesAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260416:nRSP6539Aa&default-theme=true

RNS Number : 6539A  Onward Opportunities Limited  16 April 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF AOUTH AFRICA OR ANY EUROPEAN ECONOMIC AREA ("EEA") STATES OR ANY
OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS
ANNOUNCEMENT WOULD BE UNLAWFUL. PLEASE SEE SECTION ENTITLED "IMPORTANT
NOTICES" AT THE END OF THIS ANNOUNCEMENT.

 

16 April 2026

 

Onward Opportunities Limited

("Onward Opportunities" or the "Company")

 

Admission to trading on the Main Market of the London Stock Exchange and AIM
cancellation

 

Onward Opportunities Limited (TIDM: ONWD), the investment company targeting
opportunities in UK smaller companies, is pleased to announce that its
ordinary shares ("Ordinary Shares") will be admitted to the closed-ended
investment funds segment of the Official List and commencement of trading on
the Main Market of the London Stock Exchange (the "Admission") will take place
today at 8:00 a.m. At that point, the Group's existing admission to trading on
AIM will be cancelled.

 

The Company is not offering any new Ordinary Shares nor any other securities
in connection with Admission. Following Admission, the Ordinary Shares will
continue to be registered with their existing ISIN of GG00BMZR1514 and the
TIDM will remain ONWD.

 

Laurence Hulse, Founder & Lead Fund Manager, said:

 

"Our move to the Main Market is another major landmark for Onward
Opportunities, reflecting the success of our strategy and our ambition to
continue to grow. Since launch just over three years ago we're proud of the
support shown by existing and new shareholders alike as the Company has
consistently raised new capital at a premium to target what remain highly
attractive UK smaller company valuations.

 

To date, the Company has raised over £30m through its Initial Public Offering
on AIM and eleven follow-on capital raises, being recognised as 'AIM IPO of
the year' at the 2024 Small Cap Awards and for 'Best Use of AIM' at the 2025
AIM Awards.

 

A Snow Leopard features in the Company's branding and has never been more apt.
They are a crepuscular creature and an endangered species, typically occupying
cliffs and ridges. As we look ahead, we now have the added agility that will
come with a Main Market listing, enabling us to tap new capital more quickly
to capitalise on opportunities.

 

We take comfort from what we have been able to achieve as an active UK equity
fund through the conditions in our first three years and look ahead with
confidence in delivering growth and returns for our shareholders."

 

For further information, please contact:

 

 Onward Opportunities Limited                      Via Houston

 Andrew Henton, Chairman

 Dowgate Wealth Limited (Portfolio Manager)

 Laurence Hulse, Founder & Lead Fund Manager

 Cavendish Capital Markets Limited                 Tel: +44 (0)20 7220 0500

 Ben Jeynes / Seamus Fricker

 Chris West / Matt Lewis - Sales and ECM

 Houston (PR advisers)                             Tel: +44 (0)77 3303 2695

 Charlie Barker / Nick Jackman                     Onward@houston.co.uk

About Onward Opportunities

 

Onward Opportunities is a closed-end investment company listed on London's
Main Market.

 

Onward was launched by lead fund manager Laurence Hulse on AIM in March 2023
to target a structural market opportunity in UK-listed smaller companies, with
the aim of generating absolute returns of 15% or more per annum. The fund
migrated to the Main Market in April 2026.

 

Onward has been an outperforming and one of the fastest growing UK Smaller
Companies funds since launch, with significant outperformance against its
benchmark UK AIM All-Share TR indices.

 

Onward has an investment committee (IC) that has a combined experience of
c.160 years and a history of value creation for clients. The team uses an
active investment approach for identifying investment opportunities and
driving those investments to an outcome with the aim of generating higher
returns by capitalising on market inefficiencies.

 

For more information please visit: www.onwardopportunities.co.uk
(http://www.onwardopportunities.co.uk)

About Dowgate Wealth (Onward Opportunities Portfolio Manager):

Dowgate Wealth is a fast-growing independent UK wealth management business,
providing a bespoke and personalised investment service to over 3,000 clients.
Founded in 2019, the Group has expanded to a team of 19 investment managers,
with over £2 billion of assets under management.

Dowgate Wealth is proud to be a firm where employees own a stake in the
company. This underpins the firm's culture of entrepreneurialism and long-term
thinking, which is further supported by taking an asset agnostic approach to
investing.

 

Important Notices

This announcement does not constitute an offer to sell, or the solicitation of
an offer to acquire or subscribe for, shares in the Company in any
jurisdiction. The distribution of this announcement outside the United Kingdom
may be restricted by law. No action has been taken by the Company that would
permit possession of this announcement in any jurisdiction outside the UK
where action for that purpose is required. Persons outside the United Kingdom
who come into possession of this announcement should inform themselves about
the distribution of this announcement in their particular jurisdiction. Any
failure to comply with the restrictions may constitute a violation of the
securities laws of any such jurisdiction.

 

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This document is not an
offer of securities for sale into the United States. The securities referred
to herein have not been and will not be registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United States,
except pursuant to an applicable exemption from registration. No public
offering of securities is being made in the United States.

 

Moreover, the Ordinary Shares have not been, nor will they be, registered
under the applicable securities laws of Australia, Canada, the Republic of
South Africa Japan or any member state of the EEA (other than a member state
of the EEA where the Ordinary Shares are lawfully marketed). Subject to
certain exceptions, the Ordinary Shares may not be offered or sold in the
United States, Australia, Canada, the Republic of South Africa, Japan or any
member state of the EEA or to, or for the account or benefit of, any national,
resident or citizen of, the United States, Australia, Canada, the Republic of
South Africa, Japan or any member state of the EEA. The Placing Programme and
the distribution of this announcement, in certain jurisdictions may be
restricted by law and accordingly persons into whose possession this
announcement is received are required to inform themselves about and to
observe such restrictions.

 

Cavendish Capital Markets Limited ("Cavendish"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is acting
exclusively as sponsor and broker for the Company and for no one else in
relation to Admission, the Placing Programme and the other arrangements
referred to in this announcement.  Cavendish will not regard any other person
(whether or not a recipient of this announcement) as its client in relation to
Admission, the Placing Programme and the other arrangements referred to in
this announcement and will not be responsible to anyone other than the Company
for providing the protections afforded to its clients or for providing any
advice in relation to Admission, the Placing Programme, the contents of this
announcement or any transaction or arrangement referred to in this
announcement.

Apart from the responsibilities and liabilities, if any, which may be imposed
on Cavendish by FSMA or the regulatory regime established thereunder, or under
the regulatory regime of any other jurisdiction where exclusion of liability
under the relevant regulatory regime would be illegal, void or unenforceable,
neither Cavendish nor any person affiliated with it makes any representation
or warranty or express or implied in relation to, nor accepts any
responsibility whatsoever for, the contents of this announcement, including
its accuracy, completeness or verification, or for any other statement made or
purported to be made by it or on its behalf or on behalf of the Company or any
other person in connection with the Company, Admission, the Ordinary Shares or
the Placing Programme. Cavendish and its affiliates accordingly, to the
fullest extent permissible by law, disclaim all and any responsibility or
liability (save for statutory liability), whether arising in tort, contract or
otherwise which it might otherwise have in respect of the contents of this
announcement or any other statement made or purported to be made by it or on
its behalf in connection with the Company, Admission, the Ordinary Shares or
the Placing Programme.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  LISKELFFQZLFBBD



            Copyright 2019 Regulatory News Service, all rights reserved