Marechale Capital Plc Trading Update
March 04 2021 - 9:25AM
UK Regulatory
TIDMMAC
04 March 2021
Marechale Capital plc
("Marechale" or the "Company")
Trading Update
Marechale Capital Plc (AIM: MAC) provides an update on its current trading.
Further to the announcement of 26 January 2021, Marechale recently completed a
strategic fundraising to put the Company in a better position to take advantage
of opportunities that are presented to Marechale in connection with its work
for corporate clients whereby Marechale takes shares, founder shares or long
term warrants in lieu of or in addition to cash fees. The Company sees
significant potential for growth within the technology, alternative and
renewable energy and leisure and hospitality sectors as the economy recovers
from the current pandemic and the Directors consider that a stronger balance
sheet will allow it greater scope to capitalise on and participate in client
financing opportunities on advantageous terms.
Recent transactions concluded by the Company include providing strategic advice
to a high growth energy business, which is planning a realisation event in the
short term, whereby the Company was able to receive a greater proportion of
shares and warrants as part of its advisory fees. In addition, Marechale is
now better positioned to invest in and support its corporate clients alongside
its investor relationships which it has recently done with a growing global
technology group which is on the cusp of its first commercial contract. In this
transaction, the Company received further shares in a new equity round, at a
premium valuation to previous rounds, together with increasing its warrant
position. Finally, the Company completed a short-term, high yielding loan note
funding round through its investor contacts, in which it was also able to
participate and receive warrants, for a UK hospitality brand with the potential
for high growth. The board believes these investments and other maturing
warrants and equity and founder equity investments in the Marechale corporate
finance portfolio have the potential to generate material value to
shareholders.
Marechale is an established corporate finance firm providing strategic, M&A and
advisory services helping to provide finance for earlier stage and growth
capital companies from its family office, private investor and private equity
relationships where it often co invests. The majority of the Company's recent
share placing funding has been invested in, or committed to, a number of these
completed and ongoing transactions, taking the form of equity at attractive
valuations and short-term, high yielding loans with warrants attached.
This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018).
For further information please contact:
Marechale Capital plc Tel: +44 (0)20 7628 5582
Mark Warde-Norbury / Patrick Booth-Clibborn
Cairn Financial Advisers LLP (Nomad) Tel: +44 (0)20 7213 0880
Jo Turner / Sandy Jamieson / Mark Rogers
Novum Securities Limited (Broker) Tel: +44 (0)20 7399 9427
Colin Rowbury
END
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