10 January 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED
STATES, AUSTRALIA,
CANADA, THE REPUBLIC OF
SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN.
Simian Global Plc
("Simian Global" or the "Company")
Publication of
Prospectus and Admission to Trading
Simian Global Plc (LSE: SMG), is pleased to announce that it has
successfully completed the subscription of 5,130,000 ordinary
shares of 10 pence each (“Ordinary
Shares”) at a price of 15 pence per
share raising a total of GBP 769,500.
The Company’s enlarged share capital of 6,230,000 Ordinary Shares
will be admitted to the Standard Listing segment of the Official
List of the UK Listing Authority and to trading on the London Stock
Exchange Main Market for listed securities (together,
“Admission").
Admission will become effective and dealings will commence at
8.00 a.m. today, 10 January 2017.
Simian Global, is a special purpose acquisition company (“SPAC”)
incorporated in the United Kingdom
and established to undertake the acquisition of a company or a
business in the technology, media and telecommunications (“TMT”)
sector.
Company Strategy:
· Simian Global is seeking to
acquire companies within the TMT sector to capitalise on growing
consolidation opportunities and create shareholder value by driving
positive change. The company is looking at targets across the
entire TMT value chain.
· The management team,
consisting initially of Edward Ng
and Ajay Rajpal, have international
experience in sourcing M&A opportunities.
· As part of any acquisition,
the Company will seek re-admission of the enlarged group following
the acquisition through a reverse takeover to trading on the London
Stock Exchange or admission to another stock exchange.
· Simian Global’s management team
is looking for a company with a strong competitive industry
position; large potential for growth, particularly on a
cross-border, international basis; a strong and experienced
management team.
Edward Ng, the Company's
Executive Director commented: "The global TMT marketplace,
is one of the largest but most fragmented markets in the world.
This, combined with an increasing demand from key customers for
pan-regional expertise and coverage, means that this largely
de-consolidated market is primed for investment and
consolidation.
The knowledge and experience of the Board will drive
implementation of the defined company strategy, with a key focus on
enhancing shareholder value and generating strong returns for
investors.
We are very pleased to have secured investment for the Admission
and look forward to executing our stated acquisition strategy for
the benefit of all our shareholders."
Availability of the Prospectus
The Prospectus has been approved by the UK Listing Authority and
a copy has been submitted to the National Storage Mechanism and
will shortly be available for inspection at:
www.morningstar.co.uk/uk/NSM.
Copies of the Prospectus are also available at the Company's
registered address at Finsgate, 5-7 Cranwood Street, London, EC1V 9EE and from the Company's
website at www.simianglobal.com.
ENDS
Enquiries:
Simian Global Plc
Ajay Rajpal
Tel: +44 (0)20 7866 2145
Peterhouse Corporate Finance Limited
Fungai Ndoro
Duncan Vasey
Tel: +44 (0)20 7469 0930