Rockpool Acquisitions PLC Result of Anual General Meeting (3741E)
October 17 2018 - 8:24AM
UK Regulatory
TIDMROC
RNS Number : 3741E
Rockpool Acquisitions PLC
17 October 2018
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
Press Release 17 October 2018
Rockpool Acquisitions Plc
("Rockpool" or "the Company")
Result of Annual General Meeting
Rockpool Acquisitions Plc, the Special Purpose Acquisition
Company ("SPAC") formed to undertake the acquisition of a company
or business headquartered or materially based in Northern Ireland,
announces that at, the Company's Annual General Meeting held
earlier today at the Merchant Hotel, 16 Skipper Street, Belfast,
BT1 2DZ, all of the resolutions put to shareholders were duly
passed.
Richard Beresford, Chairman of Rockpool, said: "Progress is
being made towards completing the proposed acquisition of Greenview
Gas Group ("Greenview"), announced to the market on 20 November
2017.
"As reported in the Chairman's statement, which was included in
the Annual Report, Greenview is contemplating one or more
acquisitions prior to its being acquired by the Company and is in
discussions with potential lenders regarding a facility to fund,
amongst other things, those acquisitions. It is likely at least one
offer of debt finance will be secured by Greenview within the next
two months."
- Ends -
For further information:
Rockpool Acquisitions Plc
Mike Irvine, Non-Executive Director Tel: +44 (0)28 9044 6733
Neil Adair, Non-Executive Director http://rockpoolacquisitions.plc.uk
Richard Beresford, Non-Executive Chairman
Shard Capital (Broker)
Damon Heath / Erik Woolgar Tel: +44 (0)20 7186 9952
Abchurch (Financial PR)
Julian Bosdet / Dylan Mark / Alejandra Tel: +44 (0)20 7469 4630
Campuzano
Rockpool@abchurch-group.com
Notes to Editors:
Rockpool Acquisitions Plc, a Special Purpose Acquisition Company
based in Northern Ireland, whose shares have been admitted to the
Official List of the London Stock Exchange by way of a Standard
Listing, was formed to undertake the acquisition of a company or
business headquartered, or materially based in Northern Ireland
with the valuation of up to GBP20 million. Once the first
acquisition is completed, the Company may consider further
complementary acquisitions.
Rockpool will focus on targeting an acquisition with the
potential to grow to a substantial market capitalisation or, in due
course, to be attractive to an industry or financial buyer. The
objective of the Company following completion of an acquisition
will be to inject additional capital to facilitate the expansion of
that business.
The Directors are of Northern Irish origin and have over 60
years' combined experience of the local market. Between them they
have considerable industry, acquisitions, legal, public markets and
financial and operational experience, with good access to potential
targets. The Directors believe that Rockpool's ability to provide
access to significant amounts of additional capital will be the key
element in being able to attract a suitable target for acquisition.
It is likely that the acquisition, which Rockpool aims to make
within twelve months of Admission, will be treated as a Reverse
Takeover requiring the publication of a prospectus and an
application to be re-admitted to the Official List of the London
Stock Exchange.
Access to capital is a real issue for many fast-growing Northern
Ireland businesses. The Directors believe that there will be a
number of businesses attracted to the prospect of raising capital
through a listed cash-shell vehicle and will actively approach
Rockpool seeking a reverse takeover.
For more information about Rockpool, please visit
http://www.rockpoolacquisitions.plc.uk
- Ends -
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END
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