- Title:
Schedule One update - Vector Capital plc - Time:
08:00:02 - Date:
21 Dec 2020 - Category:
Capital structure - ID:
2117J
| ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") |
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| COMPANY NAME: |
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| Vector Capital plc
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| COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES): |
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| Both at:
13 Sovereign Park Coronation Road London NW10 7QP
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| COUNTRY OF INCORPORATION: |
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| England and Wales
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| COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: |
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| www.vectorcapital.co.uk (from admission)
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| COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: |
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| Vector Capital plc, together with its subsidiaries (the "Group") is a commercial lending group that offers secured loans primarily to businesses located in the UK. Substantially all of the Group's loans are secured by a first legal charge against real estate. The Group's customers typically borrow for general working capital purposes, bridging, land development and acquisition. As of 30 September 2020, the Group had a loan book of £34.7 million, with an average loan size of approximately £0.57 million.
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| DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): |
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| Ordinary shares of 0.5 pence each in the share capital of the company at an issue price of 38 pence per ordinary share.
No shares will be held in treasury and there are no restrictions on the transfer of the ordinary shares.
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| CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
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| Equity fundraise via a placing to raise £3.1 million.
Anticipated market capitalisation on admission of £16 million
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| PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
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| 81.5%
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| DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED: |
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| None
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| FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known): |
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| Directors:
Robin Stevens Non-Executive Chairman Agam Jain Chief Executive Officer Jonathan Robert Pugsley Finance Director Ross Martin Hilton Andrews Non-Executive Director
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| FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known): |
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1Vector Holdings Limited is owned by Agam Jain and his family, as follows: - Agam Jain: 64.87% - Arti Jain (wife of Agam Jain): 19.94% - Pooja Jain (daughter of Agam Jain): 15.19%
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| NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: |
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| JMW Solicitors LLP
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| (i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: |
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| (i) 31 December (ii) 30 June 2020 (iii) 30 June 2021 (annual accounts for the year ending 31 December 2020); 30 September 2021 (unaudited interims to June 2021); and 30 June 2022 (annual accounts for the year ending 31 December 2021).
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| EXPECTED ADMISSION DATE: |
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| 29 December 2020
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| NAME AND ADDRESS OF NOMINATED ADVISER: |
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| Allenby Capital Limited 5 St Helen's Place London EC3A 6AB
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| NAME AND ADDRESS OF BROKER: |
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| Allenby Capital Limited 5 St Helen's Place London EC3A 6AB
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| OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: |
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| A copy of the admission document containing full details about the applicant and the admission of its securities will be available on the Company's website at www.vectorcapital.co.uk from admission.
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| THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY |
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| QCA Corporate Governance Code
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| DATE OF NOTIFICATION: |
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| 21 December 2020
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| NEW/ UPDATE: |
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| Update
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Schedule One update - Vector Capital plc08:00:0221 Dec 2020Capital structure2117J