Spinnaker Opportunities Plc (LON:SOP)

Spinnaker Opportunities Plc (LON:SOP)


Share Price
4.85 p
Change
0 (0.00 %)
Market Cap
£1.43 m
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Spinnaker Opportunities Plc RNS Release

Key Information Document


RNS Number : 9189M
Spinnaker Opportunities PLC
02 May 2018
 

 

02 May 2018

Spinnaker Opportunities Plc

("Spinnaker" or "the Company")

 

KEY INFORMATION DOCUMENT


Spinnaker Opportunities Plc (LON: SOP), the standard listed cash shell established to make a material acquisition in the energy or industrial sectors advises that a Key Information Document ("KID") has been posted to the Library section of the Company's website.

A KID is a new regulatory requirement that is designed to assist retail investors considering investing in packaged investment vehicles. Whilst it is debatable whether or not a cash shell such as Spinnaker falls under the requirements, some investors have reported problems with intermediaries declining to allow them to purchase the Company's shares in the absence of a KID. The board has therefore taken the pragmatic decision to compile a KID to facilitate trading in the Company's shares.
 

 

Enquiries

 

 

 

Spinnaker Opportunities

Andy Morrison, Chairman

Tel: +44 (0)7980 878 561

Website: http://www.spinnakeropportunities.uk/

 

 

 

SP Angel (Financial Adviser and Joint Broker)

Lindsay Mair

Caroline Rowe

 

Tel: +44 (0)20 3470 0470

SI Capital (Joint Broker)                                                                 

Nick Emerson

 

Blytheweigh (Financial PR)

Nick Elwes

Simon Woods

Tel: +44 (0)1483 413 500

 

 

Tel: +44 (0)20 7138 3204

 

About Spinnaker Opportunities

Spinnaker Opportunities (LON: SOP) is listed on the standard list of the London Stock Exchange, led by a management team with extensive expertise in the oil & gas/energy industries. Spinnaker's strategy is to seek a single material acquisition with a view to performing a Reverse Takeover to generate an attractive capital return to its shareholders by achieving a valuation uplift upon RTO and by selecting a target business that has significant further value growth potential following acquisition.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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