Draper Esprit PLC POSTING OF CIRCULAR (0407D)
24 Junio 2021 - 7:41AM
UK Regulatory
TIDMGROW
RNS Number : 0407D
Draper Esprit PLC
24 June 2021
Draper Esprit plc
("Draper Esprit" or the "Company")
POSTING OF CIRCULAR
Draper Esprit (dual listed, AIM: GROW, Euronext Growth: GRW), a
leading venture capital firm investing in and developing high
growth digital technology businesses, announces that it has, today,
published a circular to shareholders (the "Circular") containing
details of the proposed amendments to the Company's existing
articles of association (the "Existing Articles") and proposed
amendments to the existing Investment Policy in connection with the
cancellation of the admission of the Company's ordinary shares to
trading on AIM and Euronext Growth, and the proposed listing to the
Premium Segment of the Official List and to trading on the London
Stock Exchange's Main Market as well as to the secondary listing
segment of the Official List of Euronext Dublin and to trading on
the regulated market of Euronext Dublin.
The Circular is available on the Company's website (here:
www.draperesprit.com) and will be posted to shareholders. A copy of
the Existing Articles marked to show all the proposed amendments is
also available on the Company's website.
Enquiries
Draper Esprit plc
Martin Davis (Chief Executive
Officer)
Ben Wilkinson (Chief Financial
Officer) +44 (0)20 7931 8800
Numis Securities
Nominated Adviser & Joint Broker
Simon Willis
Richard Thomas
Jamie Loughborough +44 (0)20 7260 1000
Goodbody Stockbrokers
Euronext Growth Adviser & Joint
Broker
Don Harrington
Charlotte Craigie
Linda Clarke +44 (0)20 3841 6202
Powerscourt
Public relations
Elly Williamson +44 (0)7970 246 725 /
Jane Glover +44 (0)7713 246 126
About Draper Esprit
Draper Esprit is one of the most active venture capital firms in
Europe, investing in disruptive, high growth technology companies.
We believe the best entrepreneurs in Europe are capable of building
the global businesses of the future. We fuel their growth with
long-term capital, access to international networks and decades of
experience building businesses.
Currently, Draper Esprit is a shareholder in a diverse portfolio
of 71 companies with 17 of those part of our core portfolio
representing c.68% of Gross Portfolio Value. Our core companies
include UiPath, Aircall, Graphcore and Revolut. We invest across
four sectors: Consumer Technology, Enterprise Technology, Hardware
and Deeptech, and Digital Health and Wellness, with highly
experienced partners constantly looking for new opportunities in
each. We look for high growth companies with strong IP, powerful
technology, and the management teams to deliver success. They
operate in new markets, with serious potential for global
expansion. We also look for businesses with the potential to
generate strong margins to ensure rapid, sustainable growth in
substantial addressable markets.
Draper Esprit provides an opportunity for public market
investors to access these fast-growing tech businesses, without
having to commit to long term investments with limited liquidity.
Since IPO in June 2016, we have deployed circa GBP550m+ capital
into fast growing technology companies and have realised over
GBP300m. We raised gross proceeds in October 2020 and June 2021
(c.GBP110m and GBP111m respectively) to help us capitalise on a
European VC market which is expanding rapidly but is still less
than one quarter of the combined size of the US and European market
by value. It will also allow us to capitalise on the transition to
a digital future that has been given added impetus as a result of
the recent pandemic.
For more information, go to https://draperesprit.com/
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END
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