Oberon Investments Group PLC Acquisition of Nexus Investments Evergreen EIS (5768G)
July 20 2023 - 1:00AM
UK Regulatory
TIDMOBE
RNS Number : 5768G
Oberon Investments Group PLC
20 July 2023
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. Which is part of the United
Kingdom domestic law pursuant to the Market Abuse (Amendment) (EU
Exit) Regulations (SI 2019/310) ("UK MAR").
20 July 2023
Oberon Investments Group plc
('Oberon')
Acquisition of Nexus Investments Evergreen EIS Scale Up Fund
('Nexus EIS Fund')
Oberon Investments Group plc (AQSE: OBE), the boutique
investment management, wealth planning and corporate broking group,
is pleased to announce that it has exchanged contracts with Nexus
Central Management Services Limited to acquire Nexus Investment
Management Limited, the manager of the Nexus Investments Evergreen
EIS Scale-Up Fund ['Nexus EIS Fund']. The purchase is subject to
FCA approval.
The acquisition will be funded through the issue of 7.5m new
ordinary shares in Oberon. The acquisition will contribute a profit
before tax after management expenses and admin expenses and Oberon
is focused on providing a seamless transfer of investment
management services to investors in the Nexus EIS Fund.
The Nexus EIS Fund has a 15-company strong portfolio across
Digital, Data, EdTech and Health which strengthens Oberon's
offering to investors who wish to benefit from Enterprise
Investment Scheme tax relief ['EIS'] and companies seeking EIS
investment. The acquisition of the Nexus EIS Fund will augment
Oberon's existing 'Oberon EIS Fund' and complements our offer to
growing companies seeking investment through Oberon Capital and
Oberon Private Ventures divisions, thus further enhancing Oberon's
expertise in these verticals.
Oberon Chief Executive Officer Simon McGivern said:
"The acquisition of the Nexus EIS Fund further reinforces
Oberon's focus on building out our investment offering to clients
and bolsters our existing Oberon EIS Fund. Investors in the Nexus
EIS Fund will benefit from Oberon's access to a wide network of
investment opportunities and from the extensive expertise within
Oberon Investments and its comprehensive wealth management
services."
Enquiries:
Oberon Investments Group plc
Simon McGivern / Galin Ganchev 020 3179 5300
Novum Securities Limited (AQSE
Corporate Adviser to the Company)
Richard Potts, George Duxberry 020 7399 9400
Oberon Capital (Broker to the
Company)
Mike Seabrook, Nick Lovering 020 3179 5300
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END
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