BRS Beacon Rise Holdings Plc

TIDMBRS

RNS Number : 4315G

Beacon Rise Holdings PLC

29 March 2022

Beacon Rise Holdings plc

Tuesday 29 March 2022

Admission to trading and first day of dealings (25 March 2022)

Beacon Rise Holdings plc (Beacon Rise or the Company ), a special purpose acquisition company formed to undertake acquisitions with operations in the primary and secondary segment of the education technology sector, is pleased to announce that it has raised gross proceeds of GBP1,122,000 through the subscription of 1,072,000 Ordinary Shares at a price of GBP1.00 per Ordinary Share.

The entire issued share capital of 1,122,000 Ordinary Shares was admitted to trading by way of Standard Listing on the Main Market of the London Stock Exchange on 25 March 2022. Dealings in the Ordinary Shares commenced at 8am on 25 March 2022 under the ticket "BRS" (ISIN: GB00BMC0V753).

About Beacon Rise

Beacon Rise intends to acquire an education technology company or business or asset with operations in the education technology sector in the UK, EU and/or North America with strong underlying fundamentals, clear broad-based growth drivers and an identifiable market. The Company uses the term "education technology" to describe a wide array of teaching and learning related software and hardware, designed to facilitate collaboration in an active learning environment. The Company considers the ultimate goal of educational technology is to boost student outcomes and engagement. The education technology sector, within the primary and secondary education segment, focusses on driving the development of education with advanced technology, tools and content for example by using interactive digital learning resources, live recording and broadcasting platforms, adaptive learning systems, high-level learning ability evaluation systems as well as VR, AR and AI software and hardware. Following its first acquisition, Beacon Rise hopes to add complementary businesses via further acquisitions. Such acquisitions should complement and promote each other, creating an ecosystem of businesses to target improved educational results.

The Prospectus published by Beacon Rise in connection with the Admission is available on Company's website.

Enquiries

For further information, please visit www.beaconrise.uk or contact Kemp House, 160 City Road, London, EC1V 2NX.

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(END) Dow Jones Newswires

March 29, 2022 08:49 ET (12:49 GMT)

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