Majestic Corporation Plc (AQSE:MCJ) received approval for a £1 million annual Enterprise Investment Scheme (EIS) status from His Majesty's Revenue and Customs (HMRC).
The EIS is a UK government programme designed to encourage investment in qualifying companies by offering tax benefits to eligible investors who subscribe for new shares.
This approval expands the company’s potential investor base, providing additional opportunities for its growth and development. Furthermore, the directors of Majestic Corporation believe that the investment may also qualify for Venture Capital Trust (VCT) status, subject to meeting certain conditions.
Majestic Corporation, which focuses on sustainable circular economy solutions, specializes in recycling and recovering precious and base metals from materials such as electronics, catalytic converters, solar panels, and batteries.