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Challenger Acquisitions Limited (LON:CHAL)

Challenger Acquisitions Limited (LON:CHAL)


Share Price
0.13 p
Change
-0.0275 (-17.74 %)
Market Cap
£0.35 m
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Challenger Acquisitions Limited

Challenger Acquisitions Limited has been formed to undertake acquisitions of target companies in the entertainment and leisure sectors with a particular focus on the attractions sector. The Company is engaged in engineering and delivering giant observation wheels. Its segments include Engineering, Investments and Corporate Center. The Engineering segment engineers and project manages global...

EPIC: CHAL
Market: LSE:CHAL
52-week High/Low: 1.22p / 0.13p
Sector: Leisure
Market Cap: 0.35M
Website: www.challengeracquisitions.com

Challenger Acquisitions Limited

www.challengeracquisitions.com

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Big picture - Why invest in Challenger Acquisitions Limited


Challenger Acquisitions Limited Snapshot

VISION & STRATEGY

Challenger’s main objectives are:

  • to advance the development of its recognisable brand in the attractions sector;
  • to assess the pipeline of potential giant observation wheel projects and to potentially assist in funding these projects; and
  • to review and potentially acquire select projects globally that management believe will provide long term returns for its Shareholders.

 

BUSINESS

New York Wheel

Challenger has a $3million investment in New York Wheel Investor LLC, a company formed to fund the equity component for the New York Wheel Project. It is expected to become one of New York City’s great landmark attractions, alongside the Statue of Liberty and the Empire State Building. Located on eight acres on the northeastern side of Staten Island the 630-foot attraction will be one of the tallest observation wheels in the world.  More than three million tourists already ride the free Staten Island Ferry every year to get a closer view of the Statue of Liberty, who will be natural clients for the project.

Key facts:

  • The 630 foot high structure, with 36 capsules revolving constantly, each carrying 40 passengers, will offer views of New York Harbour, the Statue of Liberty and Lower Manhattan during the Wheel’s 38-minute rotation
  • Maximum capacity of 1,440 people per ride, approximately 30,000 visitors per day and 10.5 million visitors per year
  • The multi-purpose destination, features approximately 450,000 square feet of enclosed space and eight acres of outdoor space and will include retail, exhibition, parking and attractions enclosed under an expansive green roof space that provides both a visual highlight of the waterfront, and important community and tourist open spaces
  • A secondary attraction space will emphasise the history and visual beauty of New York and include a "5 borough" casual dining and bar, rooftop beer garden, high-tech shopping kiosks, and a 950+ covered parking garage
  • It will be powered by clean energy and its “green” design is expected to achieve Silver/Gold LEED certification.

 

 

LEADERSHIP
 
  • MARK GUSTAFSON

    Challenger, Chief Executive Officer

    CEO of Challenger Acquisitions
    Seasoned public company executive in CEO, CFO and COO roles
    Built 3 public companies 0 to > $100 M revenue
    Former public company auditor with PWC

  • RICHARD MARIN

    Challenger, Non-Executive Director

    Chief Executive Officer of the New York Wheel from 2015 to January 2018; Director of the Managing Member since 2012
    Former Chairman and CEO of Deutsche Asset Management
    Former Chairman and CEO of Bear Stearns Asset Management
    Former Chairman and CEO of AFI (USA) A long-time executive and member of the Management Committee of Bankers Trust Company 

     

  • GENE STICE

    Challenger, Non-Executive Director

    More than 30 years experience in finance, compliance and administration within the financial services industry

    President and CEO of New York based Nuovo Corporate Services

    MBA from New York University

 

DETAILS OF SHAREHOLDINGS

The issued share capital of the Company consists of 221,407,872 Ordinary Shares

SUBSTANTIAL SHAREHOLDINGS
  • 1.6%

    GSC SICAV plc - GSC Global Fund

    3,700,100 shares

  • 1.8%

    Mark Gustafson - Director, CEO

    4,150,000 shares

 

Lottie Brocklehurst
St Brides Partners
3 St Michael’s Alley
London EC3V 9DS

Call us: +44 207 236 1177
E-mail: [email protected]

FINANCIAL ADVISER

finnCap
60 New Broad Street
London
EC2M 1JJ
Tel: +44207 220 0500

SECRETARY

Markus Kameisis
Gutenbergstrasse 10, Zurich
Switzerland, CH-8002
Tel: +41 (0) 79 726 9388

AUDITORS AND REPORTING ACCOUNTANTS

Crowe Clark Whitehill LLP
St Bride’s House
10 Salisbury Square
London
EC4Y 8EH
Tel: +44 (0) 20 7842 7100

COMPANY’S SOLICITORS

McCarthy Denning Limited
25 Southampton Buildings
London
WC2A 1AL
Tel: +44 (0) 20 7769 6741

COMPANY’S GUERNSEY LAW ADVISERS

Collas Crill
Glategny Court
Glategny Esplanade
St Peter Port
Guernsey
GY1 4EW
Tel: +44 (0) 1481 723 191

BANKERS

HSBC Bank plc
8 Canada Square
London
E14 5HQ

REGISTRARS

Neville Registrars Limited
Neville House
18 Laurel Lane
Halesowen
B63 3DA
Tel: +44 (0) 121 585 1131

REGISTERED OFFICE

55 Mount Row
St Peter Port
Guernsey
GY1 1NU

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Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

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