19 Feb 2015 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
For Immediate Release
19 February 2015
Challenger Acquisitions Limited
("Challenger" or the "Company")
Admission to Trading and First Day of Dealings
Challenger Acquisitions Limited, a company formed to undertake one or more acquisitions of target companies or businesses in the entertainment and leisure sectors, is pleased to announce that its entire issued ordinary share capital consisting of 11,000,100 Ordinary Shares of £0.01 each (the "Ordinary Shares") will today be admitted to the standard segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities (together, the "Admission"). Dealing will commence at 8:00 a.m. under the TIDM code "CHAL" (ISIN: GG00BV0LCK35).
Mark Gustafson, the Company's Chairman, said:
"We are pleased to have successfully concluded the Admission and would like to thank all our advisers for their assistance. We look forward to executing the next steps in Challenger."
Highlights
Ø Challenger was formed to undertake one or more Acquisitions of target companies or businesses in the entertainment and leisure sectors with particular focus on the "Attractions" sector
Ø Following completion of an Acquisition, the Company's objective will be to operate the acquired business and implement an operating strategy with a view to generating value for its Shareholders
Ø The Board, comprising Mark Gustafson, Chairman, Markus Kameisis, Chief Financial Officer and Gert Rieder, Non-Executive Director, collectively has a proven track record of raising money for listed entities, making substantial acquisitions, and operating and growing a wide diversity of businesses, and has collectively subscribed for 700,000 shares on Admission
The Prospectus published by the Company on 13 February 2015 in connection with the Admission can be found at www.challengeracquisitions.com
Defined terms in this announcement shall have the same meanings as in the Prospectus.
STATISTICS
Total number of Ordinary Shares unconditionally issued pre-Admission 4,000,100
Total number of Ordinary Shares issued pursuant to Subscription 7,000,000
Total number of Ordinary Shares in issue on Admission 11,000,100
Price per Subscription Share £0.10
Estimated Net Proceeds of Founder Subscription and the Subscription receivable by the Company £930,000
Estimated Costs £90,000
Market capitalisation of the Company at the Subscription Price on Admission £1.1m
For more information:
Challenger Acquisitions Limited | |
Mark Gustafson, Chairman | +1 604 454 8677 |
| |
Beaumont Cornish Limited (Financial Adviser) | |
Roland Cornish | +44 (0) 20 7628 3396 |