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Key Company Info.
Company Description:

Summerway Capital (the "Company") is a newly incorporated investing company established to acquire companies or businesses which the directors of the Company believe have the potential for strategic, operational and performance improvement so as to create shareholder value. The Company is focused on acquiring businesses which are either headquartered in the UK, or that have substantial operations in the UK. In addition to the funds raised in connection with admission, the Directors intend to raise equity and debt finance to fund the acquisitions of target companies or businesses as required and focus on growth and development of the acquired business(es) through proactive strategic and operational management (including capital investment and/or bolt-on acquisitions) in order to enhance shareholder value. The Company will be principally focused on opportunities with good market fundamentals in the wider household and consumer goods sector, including retail and consumer brands, particularly where there is an opportunity to introduce operational and performance improvements, including new technologies and associated operating and value leverage. The Directors intend that initial funds raised pursuant to the placing, conducted in connection with admission, will be used for the purposes of funding operational expenses and to undertake due diligence on potential target acquisitions and to fund such transactions. It is envisaged that the Company's first investment will be in a company with an enterprise value anticipated to be not less than ?20m and not more than ?100 million. An acquisition of this scale is likely to constitute a Reverse Takeover under the AIM Rules for Companies and completion would therefore be subject to the prior approval of shareholders at a general meeting. Upon admission, the Company will be an "investing company" for the purposes of the AIM Rules for Companies and will have eighteen months within which to substantially implement its investing policy, failing which it will either return cash to shareholders or seek shareholder consent for the continuation of its investing policy.

Active: Trading


List date: 19th November 2018 00:00
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Nominated Advisor:

Nplus1 Singer Advisory LLP


Nplus1 Singer Advisory LLP

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