First Day of Dealings

RNS Number : 1353U

Stranger Holdings PLC

13 January 2017

 

Stranger Holdings plc / Index: LSE / Epic: STHP / Sector: Investment

13 January 2017

Stranger Holdings plc ('Stranger' or 'the Company')

First Day of Dealings

Stranger Holdings plc is pleased to announce the successful placing of 84,770,000 new ordinary shares of £0.001 each in the Company (the 'Placing') and the admission of its entire share capital, being 134,770,000 ordinary shares of £0.001 each ('Ordinary Shares'), to the Official List of the UKLA by way of a standard listing under Chapter 14 of the UKLA's Listing Rules and to trading on the London Stock Exchange's main market for listed securities (the 'Admission').  Alfred Henry Corporate Finance Limited ('Alfred Henry') is financial adviser to the Company.

Stranger is targeting acquisitions with a valuation of up to £20 million, leveraging the Directors' experience to acquire a controlling stake in a prospective asset or company.  Following an initial acquisition, the Company's strategy is to implement operational change through which it can generate value for its shareholders and further develop its corporate strategy thereafter. 

Having collectively sourced, initiated, managed and floated a number of companies, the Board has a demonstrable track record of raising capital for listed companies, making successful acquisitions and delivering substantial uplift to shareholders.  In January 2013, the directors completed the acquisition of Plutus PowerGen PLC (formerly Ipso Ventures PLC) and over the course of three years successfully developed the company into a UK-based flexible energy generation provider, overseeing a 400% rise in the value of the company during that period.  As such, the leadership team is equipped with the experience and knowledge to effectively and sustainably scale companies, both operationally and in valuation.

The Company has raised gross proceeds of £847,700 under the Placing, which will be used to facilitate its acquisition strategy including due diligence, sourcing, reviewing and pursuing acquisitions, as well as on-going costs.

Admission

Admission became effective and dealings in the Ordinary Shares on the London Stock Exchange's main market for listed securities have commenced under the ticker symbol 'STHP'.

Prospectus

Copies of the Prospectus published by the Company in connection with Admission will be published on the Company's website at http://strangerholdingsplc.com/ and hard copies will also be available at the registered office of the Company 27-28 Eastcastle Street, London, W1W 8DH.  The Prospectus is also available at the FCA's Document Storage Mechanism at http://www.morningstar.co.uk/uk/NSM.

Chairman and CFO of Stranger, James Longley, said, "We believe that we have the requisite skills and experience to successfully identify and acquire an asset that will enable us to deliver on our strategy, to ultimately generate substantial returns to shareholders.  With this in mind, we are pleased to be listing on the LSE and will look to provide the market with updates in due course."

**ENDS**

For further information visit www.strangerholdingsplc.com or contact the following: 

Stranger Holdings plc
James Longley	Stranger Holdings plc	[e-mail]
Financial Adviser
Jon Isaacs	Alfred Henry Corporate Finance Limited	[phone]
Financial PR
Elisabeth Cowell / Charlotte Page	St Brides Partners Ltd	Tel: [phone]

 

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