Last checked at 17 Nov 2015 08:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
SEALAND CAPITAL GALAXY LIMITED ("Company")
Admission to Trading
17 November 2015
Sealand Capital Galaxy Limited, a company formed to undertake an acquisition of a target company or business in the social media sector, is pleased to announce:
• the placing of 7,500,000 new ordinary shares at 10p per share to raise £750,000, conditional only upon Admission; and
• that its enlarged issued ordinary share capital consisting of 30,000,000 ordinary shares of £0.0001 each will 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").
It is expected that the Admission will become effective and that dealings will commence at 8.00 a.m. on 17 November 2015 under the TIDM code "SCGL" (ISIN: KYG7948E1026).
Except for the holdings of the Directors, the shareholders in the Company as at Admission holding 3% or more are:
Name | No. of shares | Percentage |
TLML Limited | 1,250,000 | 4.17% |
T Shux Limited | 1,250,000 | 4.17% |
KPKI Limited | 1,250,000 | 4.17% |
LWH Limited | 1,250,000 | 4.17% |
LW Hon Limited | 1,250,000 | 4.17% |
KY Ling Limited | 1,250,000 | 4.17% |
The shareholdings of the Directors as at Admission are as follows:
Name | No. of shares | Percentage |
Nelson Law | 15,750,000 | 52.5% |
Leon Lim | 6,750,000 | 22.5% |
Angus Irvine | Nil | Nil |
Enquiries: Nelson Law, chairman, tel: +852 6903 3681
IMPORTANT NOTICE:
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in any jurisdiction, including the United States, Australia, Canada or Japan. The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state or other jurisdiction of the United States or under applicable securities laws of Australia, Canada or Japan and may not be offered or sold within, into or in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws or to or for the account or benefit of persons in the United States, Australia, Canada or Japan or any other jurisdiction where such offer or sale would violate the relevant securities laws of such jurisdiction. The Company is not and does not intend to become an ''investment company'' within the meaning of the U.S. Investment Company Act of 1940, as amended (the ''U.S. Investment Company Act''), and is not engaged and does not propose to engage in the business of investing, reinvesting, owning, holding or trading in securities. Accordingly, the Company is not and will not be registered under the U.S. Investment Company Act and Investors will not be entitled to the benefits of that Act.
This announcement is an advertisement and does not constitute or form part of, and should not be construed as, an offer to sell or issue, or a solicitation of any offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. This announcement is not a prospectus. Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the Prospectus issued by the Company in connection with the admission of the Ordinary Shares to a standard listing on the Official List of the FCA and to trading on the London Stock Exchange plc's main market for listed securities. Copies of the Prospectus are available from Fladgate LLP, 16 Great Queen Street, London WC2B 5DG and at http://www.morningstar.co.uk/uk/NSM. The Prospectus is also available on the Company's website www.scg-ltd.com