The Business

Background

The Company is a special acquisitions company (SPAC) listed on the Standard list of the London Stock Exchange.

The Company was incorporated as a public company limited by shares under the laws of Jersey on 17 June 2016.

The Company has never traded and, save as set out in this document, has not entered into any significant transactions or financial commitments.

The Company’s listing is currently suspended pending a refinancing,  which includes completing its Audits for 2023 and 2024.

Once the Audits have been completed, the Company expects its listing to be restored, and it will then seek to undertake an acquisition of a company via a Reverse Take Over (RTO).

Company objective and business strategy

Business strategy – acquisitions

The Company has not identified a specific expected target value for the Acquisition, nor has the Company as yet identified any targets. The Company will initially target companies which it considers have potential for growth in their corporate and financial performance on a case-by-case basis and therefore the likely size of a potential target cannot be anticipated. The Company’s efforts in identifying a prospective target company or business will not be limited to a particular geographic region, although the Company expects that it will initially focus on acquiring companies or businesses in Europe.

The acquisition strategy of the Company will be focussed towards the identification and acquisition of companies or businesses which:
•          are run by a management team with a strong track record of generating growth for shareholders and a proven experienced business record;
•          have solid commercial prospects
•          are within lower risk jurisdictions, within countries with a strong focus on protecting investors' interests, low sovereign risk and those that encourage and incentivise investment;
•          have revenues which offer the potential for near-term positive cash flows;
•          can be funded adequately to be capable of delivery of a realistic plan of achieving credible milestones and significant growth opportunities for shareholders.