Silverwood Brands - First Day of Dealings
08/11/2021 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211108:nRSH5684Ra&default-theme=true
RNS Number : 5684R Silverwood Brands PLC 08 November 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE
UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE
THIS ANNOUNCEMENT.
This announcement is not a prospectus or admission document and not an offer
of shares for sale in any jurisdiction, including in or into Australia,
Canada, Japan, South Africa or the United States.
Neither this announcement nor anything contained herein shall form the basis
of, or be relied upon in connection with, any offer or commitment whatsoever
in any jurisdiction. Investors should not subscribe for or purchase any shares
referred to in this announcement except solely on the basis of the information
contained in an Aquis Stock Exchange Growth Market admission document in final
form (together with any supplementary admission document, if relevant, the
"Admission Document"), including the risk factors set out therein, that may be
published by Silverwood Brands plc in connection with Admission (as defined
below).
DATE: 8 November 2021
Silverwood Brands plc
("Silverwood" or the "Company")
First Day of Dealings
Silverwood Brands plc, a company established to invest primarily in branded
consumer businesses, is pleased to announce that trading in its Ordinary
Shares will commence at 8:00 a.m. today on the AQSE Growth Market
("Admission"), under the ticker SLWD and ISIN number GB00BNRRGD95.
Company Information
The Company has raised £1.03m before expenses through the issue of 2,577,500
Ordinary Shares to identify and carry out due diligence on potential
investments and acquisition targets. The Directors, through their established
global network of contacts, will target consumer facing brands within sectors
including but not limited to wellness, lifestyle and leisure sectors where the
Directors believe they have a high degree of expertise and where they believe
there is a significant opportunity for growth.
Director Shareholdings
On Admission, the interests of the Directors and their immediate families and,
are as follows:
Name Number of Ordinary Shares on Admission % of Enlarged Share Capital
Andrew Gerrie* 1,428,577 26.8
Paul Hodgins 28,577 0.5
Andrew Tone 104,572 2.0
James Wilson 28,572 0.5
* this holding comprises (i) 714,286 Ordinary Shares held in the joint names
of Alison Hawksley and Andrew Gerrie; (ii) 714,286 Ordinary Shares held in the
name of Silver Americum Limited, a company of which Mr Gerrie is a person of
significant control; and (iii) 5 Ordinary Shares held in the sole name of Mr
Gerrie.
Notifiable Interests
In addition to the Directors holdings disclosed above, the Company has been
notified or is aware of the following holdings which will, following
Admission, represent more than 3 per cent. of the Issued Share Capital or
voting rights of the Company:
Name Number of Ordinary Shares on Admission % of Issued Share Capital on Admission
Dowgate Wealth 675,000 12.68
Fushia Investments Private Limited 571,429 10.73
Angus Thirlwell 571,429 10.73
First Equity 462,500 8.69
Investec Wealth & Investment Limited 250,000 4.69
Angus Warwick Penman 250,000 4.69
Canaccord Genuity Wealth 200,000 3.76
Total Voting Rights
Following the issue of the 2,577,500 Fundraise Shares, the Company has
5,324,942 Ordinary Shares of £0.10 in issue, which also represents the total
number of voting rights in the Company. This figure should be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure and Transparency
Rules.
The definitions used in this announcement have the same meaning as they have
in the Admission Document.
Andrew Gerrie, Director, commented:
"We are delighted with Silverwood Brands' successful admission to the AQSE
Growth Market today. It represents an important milestone for the Company and
supports our strategy to capitalise on future growth opportunities within the
consumer brands market.
The combined, considerable experience of our Board, places us in a strong
position to generate value for our shareholders."
The Directors of the Company accept responsibility for the contents of this
announcement.
For more information, please contact:
Silverwood Brands plc
info@silverwoodbrands.com
Andrew Gerrie
VSA Capital - AQSE Corporate Adviser and Broker +44(0)20 3005 5000
Andrew Monk, CEO ipo@vsacapital.com
Andrew Raca, Head of Corporate Finance
Pascal Wiese, Associate Corporate Finance
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 NEXEAFFKEAPFFFA