The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMJH.L Regulatory News (MJH)

  • There is currently no data for MJH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Admission to trading on AIM

12 Dec 2019 07:00

RNS Number : 5933W
MJ Hudson Group PLC
12 December 2019
 

12 December 2019

 

 

MJ Hudson Group plc

("MJ Hudson" or the "Company" or the "Group")

 

ADMISSION TO TRADING ON AIM AND FIRST DAY OF DEALINGS

 

MJ Hudson, the asset management consultancy, which provides expertise and infrastructure support to fund managers, investors and other specialists in the asset management industry, is pleased to announce that admission and dealings in its Ordinary Shares will commence today at 8.00 a.m. on the AIM market of the London Stock Exchange, under the ticker symbol MJH with ISIN JE00BJTLYP93. The Company's admission document is available to view on its Investor Relations website at www.mjhudson.com/investors.

 

MJ Hudson has successfully raised £31.4 million (before expenses) from institutional investors, including £29.3 million of new money for the Company, through a placing and subscription of 55,024,958 Ordinary Shares at a placing price of 57p. The Company's market capitalisation on Admission is £97.6 million. Cenkos Securities is acting as the Company's Nominated Adviser and Broker.

 

The Company intends to use the new funds to support its growth plans, which include developing and enhancing its Business Outsourcing, Advisory and Data & Analytics Divisions, carrying out further acquisitions and expanding within the key Alternative Investment markets, being the UK, U.S. and Europe.

 

 

Placing statistics

 

Placing Price (per share)

57 pence

Number of Existing Ordinary Shares

119,932,703

Number of New Ordinary Shares placed:

51,372,747

Number of Sale Shares placed

3,652,211

Enlarged Share Capital on Admission

171,305,450

Market capitalisation of the Company at the Placing Price on Admission

£97.6 million

Gross proceeds of the Placing receivable by the Company

£29.3 million

 

Matthew Hudson, Chief Executive Officer of MJ Hudson, commented:

 

"With the global Alternative Investment market forecast to exceed $20trn in the next five years, we see a significant opportunity to grow our business through a public listing. We have proven our ability to expand through both organic and acquisitive growth and we have attracted major international clients thanks to our reputation for quality service delivery, analytical tools from our large data capture, and Alternatives fund management focus. As a highly ambitious growth company, one which we started from scratch, we see the public markets as our natural source of long-term capital. I would like to take this opportunity to thank our employees for their amazing endeavours and welcome our new shareholders, with whom we look forward to sharing in the future success of the business."

 

Group Overview:

 

·; Operating in the global asset management market and focused on the area of Alternative Investments (private equity, venture capital, real estate funds, hedge funds, infrastructure funds and private debt), MJ Hudson provides a broad range of specialist asset management consultancy services to fund managers and investors via its three interconnected divisions: Advisory, Business Outsourcing, and Data & Analytics.

 

·; Across these three divisions, the Group offers legal, investment advisory, investor relations, fund and corporate administration, benchmarking, reporting, regulatory and risk services to its clients.

 

·; By facilitating the outsourcing of non-core services, in whole or in part, the Group enables fund managers and investors to operate more efficiently and reduce their increasing regulatory and administrative burden.

 

·; Since being founded by Matthew Hudson in 2010, MJ Hudson has grown into an international business with diverse revenues. The Group has grown organically and through acquisitions. The management team includes executives from SJ Berwin, Moody's, JP Morgan and KPMG.

 

·; The Group has over 750 clients, of which more than 500 are fund managers and over 200 are institutional investors. Assets managed and advised by MJ Hudson clients totals more than $1trn.

 

·; The Company has 182 staff with offices in the UK, Jersey, Guernsey, Luxembourg, The Netherlands, Switzerland, Italy and the USA.

 

·; To date, the Company has completed several acquisitions, which have supported MJ Hudson's expansion into new territories and broadened its service offering and made investment in six new businesses.

 

·; In the last 12 months, the Company has acquired Amaces Inc., a U.S. based asset management benchmarking analytics firm, and Spring Associates Responsible Investment Service, an environmental, social and governance (ESG) reporting and consultancy business in the Netherlands.

 

·; In October 2019, MJ Hudson announced its intention to acquire Jersey based Anglo Saxon Trust, a provider of company and trust formation and administration services.

 

Growth Opportunity:

 

·; The Group's vision is to be the leading services and infrastructure provider for Alternatives fund managers and asset owners throughout all stages of their development. In order to achieve this, the Group will seek to acquire more and larger clients through providing more solutions and analytical tools.

 

The Alternative Investments sector is expected to expand materially in the foreseeable future. According to PwC, the global Alternatives market is expected to grow to US$21.1 trillion by 2025, an increase of 109 per cent on 20161.

 

·; Demand for MJ Hudson's services is being driven by increasing levels of regulation and demands for greater transparency. This trend creates an opportunity for providers of specialist expertise across the domains of law, fund management solutions, international administration, investment advisory, ESG, reporting and benchmarking, all of which are provided by MJ Hudson.

 

·; Whilst MJ Hudson caters for clients across all major markets, the U.S., where 58% of the global alternatives market resides, and the UK are considered to be important markets for the Group's growth. The Company opened its New York office in September 2019, increasing its U.S. presence further, following the acquisition of Amaces in 2018.

 

 

1 "Asset and Wealth Management Revolution: Embracing Exponential Change"

 

 

ENDS

 

For further information, please contact:

 

MJ Hudson Group plc

Matthew Hudson, CEO

Katherine Hazelden, IR & Marketing Solutions

 

 

+44 20 3463 3200

Cenkos Securities (Nomad and Broker)

Stephen Keys

Callum Davidson

Harry Hargreaves

 

Michael Johnson (Sales)

Julian Morse (Sales)

 

+44 20 7397 8900

 

Yellow Jersey PR

Charles Goodwin

Joe Burgess

Annabel Atkins

 

 

+44 20 3004 9512

+44 7747 788 221

 

About MJ Hudson

 

MJ Hudson, the asset management consultancy, provides expertise and infrastructure support to fund managers, investors and other specialists in the asset management industries. The firm's services include law, fund management solutions, international administration, investment advisory, data & analytics and IR & Marketing.

 

This comprehensive range of capabilities, coupled with MJ Hudson's ability to draw on many industry perspectives, allows the firm to build project teams that are extremely effective at helping clients achieve multiple goals. From its offices across the major asset management centres, MJ Hudson's team of more than 182 professionals work for clients managing and advising more than $1trn of assets. The firm has expertise in all traditional and alternative asset classes, including equities and bonds, private equity, venture capital, hedge funds, real estate, infrastructure, energy, and credit.

 

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 or visit www.rns.com.
 
END
 
 
MSCKMMMZMMRGLZZ
Date   Source Headline
25th May 20237:00 amRNSCancellation - MJ Hudson Group plc
17th May 202311:04 amRNSCompletion of Disposal & Cancellation
4th May 20237:00 amRNSResults of Extraordinary General Meeting
11th Apr 20237:00 amRNSCompany Update
31st Mar 202310:31 amRNSDelay to Publication of Interim Results
10th Mar 20239:00 amRNSSale of UK Fund Management Business
7th Mar 202310:00 amRNSLoan Agreement
24th Feb 20237:33 amRNSLoan Agreement
23rd Feb 202311:07 amRNSDisclosure Regarding Related Party Transactions
15th Feb 20231:18 pmRNSResignation of CEO
13th Feb 20237:00 amRNSResignation of Auditor
16th Jan 20237:00 amRNSCompany and Trading Update
19th Dec 20227:00 amRNSBoard Changes
12th Dec 20227:45 amRNSCompany update and suspension of trading
12th Dec 20227:45 amRNSSuspension - MJ Hudson Group plc
10th Nov 202211:23 amRNSNotification of Major Holdings
10th Nov 20227:00 amRNSSIP and PDMR Dealings
4th Nov 20227:29 amRNSESG Business Expansion
1st Nov 20227:00 amRNSDirectorate Change
1st Nov 20227:00 amRNSChange in role of Non-Executive Chairman
17th Oct 20224:40 pmRNSSecond Price Monitoring Extn
17th Oct 20224:36 pmRNSPrice Monitoring Extension
17th Oct 20222:06 pmRNSSecon Price Monitoring Extn
17th Oct 20222:06 pmRNSSecond Price Monitoring Extn
17th Oct 20222:01 pmRNSPrice Monitoring Extension
17th Oct 20222:01 pmRNSPrice Monitoring Extension
17th Oct 202211:05 amRNSSecond Price Monitoring Extn
17th Oct 202211:00 amRNSPrice Monitoring Extension
17th Oct 202211:00 amRNSPrice Monitoring Extension
17th Oct 202210:06 amRNSSecon Price Monitoring Extn
17th Oct 20229:05 amRNSSecond Price Monitoring Extn
17th Oct 20229:00 amRNSPrice Monitoring Extension
17th Oct 20229:00 amRNSPrice Monitoring Extension
17th Oct 20227:00 amRNSChanges to guiance following auit ajustments
17th Oct 20227:00 amRNSChanges to guidance following audit adjustments
11th Oct 20227:00 amRNSSIP and PDMR Dealings
9th Sep 20223:31 pmRNSSIP and PDMR Dealings
1st Sep 20224:00 pmRNSNotification of Major Holdings
1st Sep 20221:10 pmRNSPDMR Dealings
31st Aug 20223:21 pmRNSResults of General Meeting and Issue of Equity
19th Aug 20224:20 pmRNSDirector’s Share Transfer
17th Aug 20227:00 amRNSInvestor Presentation
11th Aug 20227:00 amRNSResults of Placing and Retail Offer
10th Aug 20224:54 pmRNSRetail Offer
10th Aug 20224:41 pmRNSProposed Fundraise
9th Aug 20224:36 pmRNSSIP and PDMR Dealings
12th Jul 20227:00 amRNSSIP and PDMR Dealings
12th Jul 20227:00 amRNSTrading Update – Ahead of Expectations
14th Jun 20227:00 amRNSStrategic Partnership With Cork Gully
10th Jun 20226:01 pmRNSSIP and PDMR Dealings

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.