Draper Esprit PLC Announcement of admission to the Official Lists (1794G)
22 Julio 2021 - 8:16AM
UK Regulatory
TIDMGROW
RNS Number : 1794G
Draper Esprit PLC
22 July 2021
Draper Esprit plc: Announcement of admission to the Official
Lists and cancellation of AIM and Euronext Growth listing
Draper Esprit plc (dual listed, AIM: GROW, Euronext Growth: GRW)
("Draper" or the "Company"), a leading venture capital firm
investing in and developing high growth digital technology
businesses, is pleased to announce that its ordinary shares (the
"Ordinary Shares") will be admitted tomorrow to the premium listing
segment of the Official List of the Financial Conduct Authority and
the secondary listing segment of the Official List of the Irish
Stock Exchange plc, trading as Euronext Dublin ("Euronext Dublin")
(the "Official Lists") and to trading on the London Stock Exchange
plc's (the "London Stock Exchange") main market for listed
securities and the regulated market of Euronext Dublin (the "Main
Markets") (together "Admission"). Dealings in the Ordinary Shares
will commence on the Main Markets at 8.00 a.m. on 23 July 2021 and
trading in the Ordinary Shares on the AIM market of the London
Stock Exchange ("AIM") and the Euronext Growth market will be
cancelled simultaneously therewith.
Admission will be through an introduction of the existing
Ordinary Shares. The Company is not offering any new Ordinary
Shares nor any other securities in connection with the proposed
Admission or the publication of the Prospectus. Following
Admission, the Company's Ordinary Shares will continue to be
registered with their existing ISIN number GB00BY7QYJ50. The
Company's ticker symbol will continue to be GROW in the UK and GRW
in Ireland. On Admission, there will be 152,999,853 Ordinary Shares
in issue.
The Prospectus has been approved by the Financial Conduct
Authority and the Central Bank of Ireland and is available for
inspection on the Company's website at www.draperesprit.com. Copies
of the Prospectus are also available, on request, in printed form
at the Company's registered office, 20 Garrick Street, London,
United Kingdom, WC2E 9BT.
The Company's existing shareholders should consult their own tax
advisers as to the tax implications of the Company's proposed move
to the Main Markets.
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)7961 628 862
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 which
accounts for over 60% of our holdings. 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 operating in new markets, with a serious
potential for global expansion, strong IP, powerful technology, and
management teams to deliver success. 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 to the AIM market of the London Stock Exchange plc in
June 2016, we have deployed circa GBP550m+ capital into fast
growing tech companies and have realised over GBP300m. In June
2021, we raised gross proceeds of circa GBP111m to help us
capitalise on the transition to a digital future in 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.
For more information, go to https://draperesprit.com/
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