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Pin to quick picksDavictus Regulatory News (DVT)

Share Price Information for Davictus (DVT)

London Stock Exchange
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Share Price: 4.25
Bid: 3.50
Ask: 5.00
Change: 0.00 (0.00%)
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Open: 4.25
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Admission to Trading

29 Jan 2016 07:00

RNS Number : 0796N
daVictus plc
29 January 2016
 

29 January 2016

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN.

 

 

For Immediate Release

29 January 2016

 

 

daVictus plc

 

("daVictus" or the "Company")

 

Admission to Trading and First Day of Dealings

 

daVictus, a Jersey company formed to undertake one or more acquisitions of businesses (either shares or assets) which operate in or own Australian, European and/or North American food and beverage eatery franchises in South East Asia and/or the Far East, is pleased to announce that its entire issued ordinary share capital consisting of 11,250,000 ordinary shares of no par value (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 plc's main market for listed securities (together, the "Admission"). Dealing will commence at 8:00 a.m. under the TIDM code "DVT" (ISIN: JE00BYY5RQ34).

 

Highlights

 

Ø daVictus was formed to undertake one or more acquisitions of businesses (either shares or assets) which operate in or own Australian, European and/or North American food and beverage eatery franchises in South East Asia and/or the Far East.

 

Ø Following completion of an Acquisition, the objective of the Company will be to operate the acquired business and implement an operating strategy with a view to generating value for its Shareholders through operational expansion and improvements as well as potentially through additional complementary Acquisitions.

 

Ø The Board, comprising Abd Hadi bin Abd Majid (Non-Executive Chairman), Robert Pincock (Chief Executive Officer) and Maurice (Malcolm) Groat (Non-Executive Director) believe that their broad collective business experience in the areas of acquisitions, corporate and financial management in Asia, as well as their local connections in South East Asia and the Far East and their experience of the food and beverage sector in Asia will assist them in the identification and evaluation of suitable investment opportunities and will enable the Company to pursue its strategy.

 

The Prospectus published by the Company on 26 January 2016 in connection with the Admission can be found at http://www.morningstar.co.uk/uk/NSM and on the Company's website at www.davictus.co.uk/page/uploads/first-prospectus.pdf.

 

Defined terms in this announcement which are not defined herein shall have the same meanings as in the Prospectus.

 

ADMISSION STATISTICS

 

Number of existing Ordinary Shares pre-Admission

1,250,000

 

Number of Placing Shares being issued

10,000,000

 

Number of Ordinary Shares in issue on Admission

11,250,000

 

Approximate percentage of Enlarged Share Capital on Admission represented by the Placing Shares

88.9 per cent.

 

 

Placing Price

10 pence

 

Gross proceeds of the Placing

£1,000,000

 

Estimated expenses of the Placing and Admission (exclusive of VAT)

£335,000

 

Estimated net proceeds of the Placing

£665,000

 

Market capitalisation of the Company at the Placing Price on Admission

 

 

£1,125,000

Copies of the documents available for inspection at the Company's registered office, as set out in paragraph 22 of Part V of the Prospectus, will be available for inspection for one month from the date of Admission.

 

 

For more information:

 

daVictus plc

Robert Pincock

+603 5613 3388

Beaumont Cornish Limited (Financial Adviser)

Roland Cornish and Emily Staples

+44 (0) 20 7628 3396

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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