TIDMTSI
RNS Number : 5793U
Two Shields Investments PLC
01 April 2019
1 April 2019
Two Shields Investments plc
("TSI", "Two Shields" or the "Company")
Strategic Review
$300,000 Investment in to BrandShield
GBP100,000 Investment in to WeShop
Board Change
Strategic Review
Two Shields Investments plc, the AIM quoted investment company
with a strategy to build a high quality portfolio of investments in
fast growing and scalable digital and technology enabled
businesses, is pleased to provide an update regarding its immediate
actions aimed at rebuilding value for shareholders following its
recent strategic review.
A new and experienced senior team has been assembled in line
with the Company's updated strategy. The team will seek to apply
its extensive and highly complementary expertise and knowledge to
identifying, assessing and executing investment opportunities that
have the potential to deliver attractive returns to
shareholders.
The Company has undertaken a strategic review of its mining
assets and to explore the options available to realise those
investments as liquidity options emerge. This may include
partnering with operators that the Board feels can extract more
optimal value from existing holdings. The Board believes there are
currently limited opportunities within the mining sector delivering
the level of growth that it is currently seeking to achieve from
its investments and therefore, in the short term, the Company is
unlikely to complete a cash investment in mining exploration
activities.
The Board sees considerable value opportunity in focusing on the
existing high growth investments within the portfolio and will seek
to increase its exposure to existing investments in BrandShield
Limited, an anti-counterfeiting, anti-phishing and online brand
protection solution, and WeShop Limited, an innovative social
commerce platform offering a new way to shop online and earn
rewards.
Where resources allow, the Board will also seek to expand the
portfolio, concentrating on the provision of capital to high growth
potential digital assets, financial technologies, services,
consumer focused businesses and technology enabled businesses.
Target businesses will typically have proven customer demand and
differentiated proprietary technology. Such businesses will have a
clear path to profitability. The TSI Board will take an active role
in advising such portfolio companies on growth and on exit or
liquidity opportunities.
Investment in BrandShield
The Company hosted an investor relations roadshow in London for
BrandShield between 19 and 21 March 2019. The BrandShield CEO and
the TSI Board briefed a large number of existing and new investors
on the scale of the opportunity within this portfolio investment.
It also introduced the BrandShield CEO to a number of corporate
advisors with a view to assessing future options given
BrandShield's high growth trajectory. The Board will continue to
advise BrandShield closely on its strategic growth plan.
As was announced to the market on 4 March 2019, the Company has
now completed its investment of $300,000 in BrandShield, in which
it currently holds an 8.95% stake.
The Company has completed its most recent investment in
BrandShield by way of a convertible loan ("Convertible Loan"),
which was entered into between the Company and BrandShield on 29
March 2019 ("Closing Date"). BrandShield is currently seeking to
raise an aggregate amount of US$1 million in to this Convertible
Loan instrument.
The Convertible Loan will convert in to equity on the Maturity
Date, that being the second anniversary of the Closing Date unless
an accelerated conversion event occurs on an earlier date
("Accelerated Conversion Event"), and has a 2.5% coupon. An
Accelerated Conversion Event, shall include inter alia an IPO or
sale of BrandShield or BrandShield undertaking a qualified
fundraising round.
The Company has the right to make a further investment of
$500,000 in BrandShield within a period of 180 days from the
Closing Date under the same terms of the Convertible Loan.
Investment in to WeShop
TSI has invested a further GBP100,000 in to WeShop by way of an
equity investment. Following the positive investor update from
WeShop recently, the Board feels it is very much in the interests
of shareholders to continue to support this exciting business as it
approaches what we believe will be a highly expansive period. The
Board will also look to increase its exposure to WeShop in the near
future as the opportunity arises. The investment will take our
holding in WeShop from 1.2% to 1.71%.
Board Changes
Mr Christian Schaffalitzky has decided to step down as a
director of the Company with immediate effect to focus on other
business opportunities. Mr Schaffalitzky has agreed to provide
consultant services to the Company, as and when required by the
Company, primarily in relation to TSI investee companies Kalahari
Key Mineral Exploration Company Pty Limited and International
Geoscience Services Limited.
We wish to thank Mr Schaffalitzky for his valued contribution as
a director of the Company.
Chairman of Two Shields, Andrew Lawley, said:
"TSI has undergone a rapid and intensive transformation since I
joined the Board in December 2018. The adopted strategy is now
finely focused on identifying and developing disruptive technology
enabled businesses with a clear path to high levels of rapid
growth. We also now have an experienced and complementary team of
Directors that is dedicated to delivering that strategy. Ongoing
stewardship of our commodity based investments remains an important
aspect of returning value to our shareholders and realising real
value for those assets will be a key objective. The positive
response from those who met the BrandShield CEO recently was
incredibly encouraging and, along with recent announcements
relating to WeShop progress, reinforces our view that these will be
key value drivers going forwards."
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (eu) 596/2014
-Ends-
For further information please visit https://twoshields.co.uk/
or contact:
Two Shields Investments
Andrew Lawley plc +44 (0) 20 7236 1177
Spark Advisory Partners
Neil Baldwin / Andrew Limited
Emmott (Nominated Adviser) +44 (0) 20 3368 3554
Turner Pope Investments
(TPI) Ltd
Andy Thacker (Brokers) +44 (0) 20 3621 4120
Graham Herring / Miles
Nolan / Zach Cohen IFC Advisory Ltd +44 (0) 20 3934 6630
Notes to Editors:
Two Shields Investments plc, the AIM quoted investment company
with a strategy to build a portfolio of high-quality investments in
fast growing, scalable digital and technology enabled businesses,
including those in the cyber security, e-commerce services and
consumer sectors. The Company has appointed an experienced Board of
Directors with a proven pedigree in the origination, acquisition,
development & sale of projects and creating value for
shareholders. The investment mandate covers unquoted and quoted
businesses, as well as direct project investment. Where appropriate
the Board will apply its extensive combined experience to directly
support investee businesses achieve their growth potential.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCWGUQGWUPBGBG
(END) Dow Jones Newswires
April 01, 2019 02:00 ET (06:00 GMT)
Brandshield Systems (LSE:BRSD)
Historical Stock Chart
From Apr 2024 to May 2024
Brandshield Systems (LSE:BRSD)
Historical Stock Chart
From May 2023 to May 2024