- Title:
Schedule One - Tap Global Group Plc - Time:
07:00:12 - Date:
13 Jun 2025 - Category:
Capital structure - ID:
6384M
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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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Tap Global Group PLC ("Tap Global" or the "Company")
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : |
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Registered Address: 6th Floor, 60 Gracechurch Street London EC3V OHR United Kingdom
Trading address: 260 Main Street Gibraltar, GX11 1AA
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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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https://investor.tap.global/
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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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Tap is an innovative digital finance hub that brings money and crypto services together in a single app. As a fully integrated provider of fiat (traditional currency) payments and crypto settlement services, Tap aims to bridge these two financial universes with a single solution for over 560 million crypto users globally.
Tap operates a fully functional Crypto/Payments Solution for both consumers and corporate customers. It is a fully integrated crypto-fiat exchange service provider with an associated Neo Payments platform based in Gibraltar and is also a regulated DLT Licence Holder in Gibraltar.
A single registration provides Tap customers with access to several major crypto exchanges through the Tap App allowing them to purchase and trade over 50 types of cryptoassets without having to operate through multiple exchanges and store them directly in individual digital wallets. The wallets can also store fiat currency denominated in Pound Sterling (GBP), Euro (EUR), US Dollar (USD), Australian Dollar (AUD), Swiss Franc (CHF), Japanese Yen (JPY) and Canadian Dollar (CAD). Utilising Tap's proprietary Artificial Intelligence middleware, Tap provides customers with competitive crypto trading prices through its connections with multiple exchanges, which are scanned to find the best possible trade permutations at the point of a transaction giving the benefit of best execution and pricing in real time. This allows Tap to offer competitive pricing for trades and instant crypto or cash settlement.
Tap provides individual payments accounts denominated in GBP and/or EUR to all its customers in the UK, EEA and EU through its payments partner, Clear Junction. B2B and B2C customers can operate their Tap fiat payments account for ordinary business activities, such as paying suppliers and receiving monies in two fiat currencies (currently EUR and GBP, with more fiat currencies in development). In addition, customers have the option to be issued a physical or virtual Tap Prepaid Mastercard on which purchases can be made.
Tap's mission is to create a seamless and fully regulated bridge that links fiat payments, traditional assets and crypto markets (including mainstream cryptocurrencies such as Bitcoin, Ethereum and other upcoming decentralised finance ("DeFi") protocols). Built on its exchange foundation, Tap also offers consumer and corporate crypto-fiat payments services. Cryptocurrency can be converted into Euros and credited to a customer's Prepaid Mastercard for spending. Through the use of "straight through processing" TAP is planning to make customers' cryptoassets spendable at points of sale in real time. In addition, customers have the ability to initiate third party transfers from their accounts using the UK Faster Payments or SEPA Transfer method.
Customers in the United Kingdom, the European Union and the European Economic Area are provided with individual, named payments accounts into which they can make deposits by way of a bank transfer in order to purchase crypto currency or retain fiat cash balances. Rather than build this facility in house, Tap has partnered with one of the market leaders in this field, Fireblocks. One of the benefits of using Fireblocks' platform is the availability of a USD30 million insurance policy that protects all assets held in cold storage against hacking and misappropriation.
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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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On admission the Company will have 743,409,624 ordinary shares of 0.1 pence each in issue ("Ordinary Shares") in issue.
No Ordinary Shares are held in treasury
There are no restrictions on the transfer of 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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The Company will not be raising new capital or providing a secondary offering as part of Admission.
Anticipated market capitalisation on admission: c.£12.3 million
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
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60.23%
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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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The Company was admitted to trading on the Access Segment of the AQSE Growth Market on 10 January 2023. Trading on AQSE will be cancelled immediately prior to Admission to trading on AIM.
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THE COMPANY HAS APPLIED FOR THE VOLUNTARY CARBON MARKET DESIGNATION (Y/N) |
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No
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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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Peter George Wall (Non-Executive Chairman) Arsen Torosian (Chief Executive Officer) John Edward Taylor (Non-Executive Director) Steven Borg (Chief Financial Officer)
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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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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: |
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Peterhouse Capital Ltd
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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) 30 June
(ii) 31 December 2024
(iii) Annual Report for the year ending 30 June 2025 - by 31 December 2025 Half Yearly Results for the 6 months ending 31 December 2025 - by 31 March 2026 Annual Report for the year ending 30 June 2026 - by 31 December 2026
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EXPECTED ADMISSION DATE: |
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27 June 2025
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NAME AND ADDRESS OF NOMINATED ADVISER: |
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SPARK Advisory Partners Limited 5 St John's Lane London EC1M 4BH
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NAME AND ADDRESS OF BROKER: |
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Tennyson Securities (a trading name of Shard Capital Partners LLP) 36-38 Cornhill London EC3V 3NG
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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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https://investor.tap.global/
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THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY |
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Corporate Governance Code for Small and Mid-sized Quoted Companies 2023, published in 2023 by the Quoted Companies Alliance
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DATE OF NOTIFICATION: |
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13 June 2025
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NEW/ UPDATE: |
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NEW
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Schedule One - Tap Global Group Plc07:00:1213 Jun 2025Capital structure6384M