TIDMAAA
RNS Number : 6144M
All Asia Asset Capital Limited
17 September 2019
THIS ANNOUNCEMENT (INCLUDING ANY APPIX) AND THE INFORMATION
CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION
OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN,
INTO OR FROM THE UNITED STATES, RUSSIA, CANADA, AUSTRALIA, REPUBLIC
OF IRELAND, REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014
("MAR"). IN ADDITION, MARKET SOUNDINGS WERE TAKEN IN RESPECT OF THE
MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT
CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL
THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.
17 September 2019
All Asia Asset Capital Limited
("All Asia Asset Capital", "AAA" or the "Company")
Placing to raise GBP125,000
Proposed appointment of Director
Proposed change of Investing Policy
Proposed change of the Company's name
and
Notice of Extraordinary General Meeting
All Asia Asset Capital (AIM: AAA) is pleased to announce that it
has raised GBP125,000 (before expenses) by way of a Placing of
31,250,000 new Ordinary Shares in the Company at a Placing Price of
0.4 pence per share, conditional only upon Admission. It is
intended that the net proceeds of the Placing will be used for
additional working capital purposes. The Placing was arranged by
Peterhouse Capital.
Further to the above, it is proposed that James Normand will
join the Company's Board as an Executive Director upon Admission.
Robert Berkeley will remain on the Board as the Company's Executive
Chairman and Finance Director and Dominic Seah will remain as
Independent Non-Executive Director.
The Company will also seek Shareholder approval to widen the
geographic focus of the Company's Existing Investing Policy so that
this includes investing in the European Region, via the adoption of
the Proposed Investing Policy. It is also proposed that the Company
change its name to All Active Asset Capital Limited, in order to
align the Company's name with the Proposed Investing Policy.
A circular containing a Notice of General Meeting will be posted
to shareholders in due course. The circular will contain a notice
convening an Extraordinary General Meeting which is to be held at
the offices of Allenby Capital Limited, 5 St. Helen's Place, London
EC3A 6AB at 10.00 a.m. (UK time) on 10 October 2019.
An application will be made to London Stock Exchange for the
Placing Shares to be admitted to trading on AIM and Admission is
expected to occur at 8:00 am on or around 23 September 2019. Upon
Admission, the Company's issued ordinary share capital will consist
of 244,076,072 Ordinary Shares with one voting right each. The
Company does not hold any Ordinary Shares in treasury. Therefore,
the total number of Ordinary Shares and voting rights in the
Company will be 244,076,072. With effect from Admission, this
figure may be used by Shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company.
Upon Admission, Peterhouse Capital will be appointed as joint
broker to the Company alongside Allenby Capital, the Company's
existing nominated adviser and broker. Following Admission, the
Company will grant a total of 1,562,500 warrants over new Ordinary
Shares to Peterhouse Capital. Each warrant will entitle Peterhouse
Capital to subscribe for one new Ordinary Share at an exercise
price that is equal to the Placing Price, at any time until the
date that is three years from Admission.
The above summary should be read in conjunction with the full
text of this announcement and the circular, extracts from which are
set out below. All capitalised terms used throughout this
announcement shall have the meanings given to such terms in the
Definitions section of this announcement and as defined in the
Circular.
Extracts from the Circular
(References to pages or paragraphs below refer to the relevant
pages or paragraphs of the circular. References to 'this document'
refer to the circular.)
Placing to raise GBP125,000
Proposed appointment of Director
Proposed change of Investing Policy
Proposed change of the Company's name to All Active Asset
Capital Limited
and
Notice of Extraordinary General Meeting
Introduction
The Company announced on 17 September 2019 the Placing of a
total of 31,250,000 Placing Shares to raise a total of GBP125,000
(before expenses). The Placing Shares are to be issued at the
Placing Price, 0.4 pence per new Ordinary Share. The Placing Price
is equal to the closing mid-market price of an ordinary share on
AIM on 16 September 2019, being the last dealing day before the
date of the announcement of the Placing.
Further to the above, it is proposed that James Normand will
join the Board as an Executive Director upon Admission. Robert
Berkeley will remain on the Board as the Company's Executive
Chairman and Finance Director and Dominic Seah will remain as
Independent Non-Executive Director.
The Company is seeking Shareholder approval to widen the
geographic focus of the Existing Investing Policy so that this
includes investing in the European Region, via the adoption of the
Proposed Investing Policy. It is also proposed that the Company
change its name to All Active Asset Capital Limited in order to
align the Company's name with the Proposed Investing Policy. The
Company's website address (www.aaacap.com) will remain unchanged,
as will the Company's AIM symbol (AAA.L).
The purpose of this document is to explain the reasons for the
Proposals, why the Board considers the Placing to be in the best
interests of the Company and its Shareholders and why the Directors
unanimously recommend that you vote in favour of the Resolutions to
be proposed at the Extraordinary General Meeting, as they intend to
do in respect of their beneficial interests amounting, in
aggregate, to 14,914,575 Ordinary Shares representing 7.01 per
cent. of the existing issued ordinary share capital of the Company
at the date of this document.
Details of the Placing and Total Voting Rights
Through the Placing, the Company has raised a total of
approximately GBP125,000 (before expenses) through the issue of
31,250,000 new Ordinary Shares, conditional only upon Admission.
The Placing will be effected under the authority granted to the
Board at the annual general meeting held on 30 July 2019 to allot
and issue up to 31,923,910 Ordinary Shares on a non-pre-emptive
basis.
The Placing Price of 0.4 pence is equivalent to the closing
mid-market price of on 16 September 2019, being the latest
practicable closing mid-market price prior to the announcement of
the Placing on 17 September 2019. The Placing Shares will, when
issued, rank pari passu in all respects with the existing Ordinary
Shares, including the right to receive dividends and other
distributions declared following Admission. An application will be
made to London Stock Exchange for the Placing Shares to be admitted
to trading on AIM and Admission is expected to occur at 8:00 am on
or around 23 September 2019. The Placing Shares will represent
approximately 12.8 per cent. of the Company's enlarged share
capital upon Admission.
Upon Admission, Peterhouse Capital will be appointed as joint
broker to the Company alongside Allenby Capital, the Company's
existing nominated adviser and broker. Following Admission, the
Company will grant a total of 1,562,500 warrants over new Ordinary
Shares to Peterhouse Capital. Each warrant will entitle Peterhouse
Capital to subscribe for one new Ordinary Share at an exercise
price that is equal to the Placing Price, at any time until the
date that is three years from Admission.
Use of Proceeds of the Placing
It is intended that the proceeds of the Placing will be used for
additional working capital purposes.
Proposed Board Change
On 14 May 2019 the Company announced that Wai Tak Jonathan Chu
(Executive Director of the Company) had stepped down from the Board
to focus on his other business interests. The Board stated that it
intended to appoint a replacement director in due course. As such,
it is proposed that James Normand will join the Board as an
Executive Director upon Admission.
Further biographical details in respect of Mr Normand can be
found below.
James Patrick Normand, aged 65, is, or has during the last five
years been, a director of the following companies and
partnerships:
Current directorships or partnerships Past directorships or partnerships
Ubecorp Limited (formerly known Pathfinder Minerals plc
as Nyota Minerals Limited)
Central Rand Gold Limited
London Diocesan Fund (The)
IM Minerals Limited
London Diocesan Board of Finance
Micah Minerals Limited
Free Trade Barter (UK) Limited
(formerly known as Nyota Minerals
(UK) Limited)
Global Resources Investment Trust
PLC
Mr Normand is a member of the trustee board of the Parochial
Church Council of the Ecclesiastical Parish of Holy Trinity with
Saint Paul Onslow Square and Saint Augustine South Kensington,
which is a body corporate under the terms of the Parochial Church
Councils (Powers) Measure 1956 and a charity subject to the
Charities Act 2011.
Mr Normand does not currently hold any Ordinary Shares in the
Company.
Mr Normand has confirmed that there is no further information
required to be disclosed pursuant to schedule 2(g) of the AIM Rules
for Companies.
Proposed change of the Company's Existing Investing Policy
The Company is classified as an investing company under the AIM
Rules. The Company's Existing Investing Policy is focused on
investments in companies with at least the majority of their
operations (or early stage companies that intend to have at least
the majority of their operations) in the Asia Pacific region. The
Board and the Proposed Director believe that there are attractive
opportunities for investment in European regions. The Board and the
Proposed Director therefore believe that it is in the Shareholders'
interests for the Company to continue as an investing company and
that by amending the Company's Existing Investing Policy to include
potential investments in European regions, the Board and the
Proposed Director consider that the Company is more likely to
generate returns for Shareholders.
Resolution 3, which is to be proposed as an ordinary resolution,
proposes the adoption of the Proposed Investing Policy by the
Company. The Proposed Investing Policy is set out below with those
parts being in bold and underlined showing the changes made from
the Existing Investing Policy of the Company.
The Proposed Investing Policy is to be as follows:
The Company intends to invest in companies with at least the
majority of their operations (or early stage companies that intend
to have at least the majority of their operations) in the Asia
Pacific or European regions. The Company intends to invest in a
portfolio of companies with an initial focus on companies that
operate (or early stage companies that intend to operate) in
industries with likely high growth potential including, but not
limited to: agriculture, forestry and plantation, mining, natural
resources, property and/or technology.
The Directors intend to source and identify potential
investments in line with the Investing Policy through their own
research and network of contacts and possibly strategic
partnerships with other companies or persons who can assist the
Company in sourcing and identifying potential investments.
Investments are expected to be mainly in the form of equity
although investments may be by way of debt, convertible securities
or investments in specific projects. In the case of equity
investments, the Directors intend typically to take minority
positions (with suitable minority protection rights), primarily in
unquoted companies. Investments will therefore typically be of a
passive nature. However, whilst the Directors intend that typical
investments will constitute minority positions in investee
companies, should the Company make majority investments, the
Company may seek participation in the management or board of
directors of such an entity with a view to seeking to improve the
performance and growth of the business.
There is no limit on the size of an investment in a project. The
Directors expect that each investment will typically yield a
targeted internal rate of return of at least 20 to 30 per cent. per
annum. It is likely that a substantial portion of the Company's
financial resources will be invested in a small number of
companies, however the Company has not excluded the possibility of
making just one investment. Depending on the size of investments,
they may be deemed to be reverse takeovers for the purposes of the
AIM Rules, which would require Shareholder approval and
re-admission of the Company, as enlarged by the acquisition, to
trading on AIM.
In addition to paying the costs of the Company's ongoing
expenses, the Company's cash resources will primarily be used to
identify, evaluate and select suitable investment opportunities and
to make investments, either in part or in full, as applicable. The
Directors consider that as investments are made, or promising new
investment opportunities arise, further funding of the Company will
be required and they anticipate further equity fundraisings by the
Company. Subject to prevailing authorities to issue new Ordinary
Shares or, if required, with Shareholder approval, new Ordinary
Shares may be used as consideration, in whole or in part, for
investments. The Company will not be subject to any borrowing or
leverage limits. In order to mitigate investment risk, the
Directors intend to carry out a thorough due diligence process in
evaluating each potential investment including: site visits,
analysis of financial, legal and operational aspects of each
investment opportunity, meetings with management, risk analysis,
review of corporate governance and anti-corruption procedures and
the seeking of third party expert opinions and valuation reports
where the Directors see fit.
The Directors will apply investment criteria including: the
potential for capital growth and/or the potential for profit
generation with a view to receiving dividend income over time, high
attractiveness to potential buyers of the company in question in
order to facilitate exits and a strong and experienced management
team.
Given the time frame to fully maximise the value of an
investment, the Board expects that investments will be held for the
medium to long term, although short-term disposals of assets cannot
be ruled out in exceptional or opportunistic circumstances. The
Directors intend to re-invest the proceeds of disposals in
accordance with the Company's Investing Policy unless, at the
relevant time, the Directors believe that there are no suitable
investment opportunities in which case the Directors will consider
returning the proceeds to Shareholders in a tax efficient
manner.
Cash held by the Company pending investment, reinvestment or
distribution will be managed by the Company and placed in bank
deposits or in capital guaranteed schemes offered by major global
financial institutions, in order to protect the capital value of
the Company's cash assets. The Company may, where appropriate, also
enter into agreements or contracts in order to hedge against
interest rate or currency risks. Investments are expected to be
held by the Company or a subsidiary to be incorporated for the
purpose of holding an investment.
Any material change to the Company's Investing Policy will only
be made following the approval by ordinary resolution of
Shareholders in general meeting. In addition, if the Company has
not substantially implemented its Investing Policy within 18 months
of Admission, the Company will seek the approval of Shareholders at
its next annual general meeting for its Investing Policy and on
annual bases thereafter until such time that its Investing Policy
has been substantially implemented. If it appears unlikely that the
Company's Investing Policy can be implemented at any time, the
Directors will consider returning remaining funds to
Shareholders.
The Directors will review the Investing Policy on an annual
basis and will implement any non-material changes or variations as
they consider fit. Details of any such non-material changes or
variations will be announced as appropriate. Any material change or
variation of the Investing Policy will be subject to the prior
approval of Shareholders.
The Company's Board
Following Admission, the Company's board will comprise the
following Directors.
Robert Berkeley (Executive Chairman and Finance Director)
Robert qualified as a chartered accountant with Arthur Andersen
and Co in 1990 and has had a successful career in senior management
within the retail, construction, headhunting and financial services
sectors. In 1999, he was appointed to Harvey Nash Plc's European
Management Board, significantly developing the business across
Europe, as well as placing senior executives within major
international organisations. Robert is currently the CEO of Infinox
Capital Limited, an FCA regulated broker which was established in
2009.
James Patrick Normand (Executive Director)
Mr Normand qualified as a Chartered Accountant in 1978, having
trained with Spicer and Pegler (now part of Deloitte). Following a
secondment (from 1985 to 1987) to 3i plc, Mr Normand specialised
for the next 15 years in the provision of advice to management
buy-out and buy-in teams and on corporate acquisitions, disposals
and capital raisings. Since 2002, Mr Normand has filled management
and finance officer roles for a number of different commercial and
charitable organisations. Most recently, from 2009 to 2016, he was
Finance Director of Pathfinder Minerals Plc, an AIM-traded minerals
company. In an unremunerated extra-curricular capacity, Mr Normand
is active in the governance of the Church of England, being Chair
of the London Diocesan Synod's House of Laity and Chair of the
Finance and Remuneration Committees of the Bishop of London's
Council.
(Dominic) Seah Boon Chin (Independent Non-Executive
Director)
Dominic began his career in 1995 as a senior officer at Chung
Khiaw Bank (Malaysia) Bhd. (now known as United Overseas Bank
(Malaysia) Berhad). From 1997 to January 2007, he worked in several
established financial institutions in Malaysia and Singapore,
including CIMB Investment Bank Berhad, Affin Investment Bank Berhad
and Public Investment Bank Berhad, mainly focused in corporate
finance. Subsequently he joined MobilityOne Limited (which is
quoted on AIM) as its corporate finance director and has been a
non-executive director there since November 2011. He is currently
the head of corporate finance at TA Securities Holdings Berhad, a
stockbroking firm in Malaysia. He obtained his Bachelor of Commerce
(Honours) degree with distinction from McMaster University,
Canada.
The Directors and the Proposed Director believe that their
collective experience, together with their extensive network of
contacts, will assist them in identifying, evaluating and funding
suitable investment opportunities, when pursuing the Proposed
Investing Policy. External advisers and investment professionals
will be engaged as necessary to assist with sourcing and due
diligence of prospective investment opportunities. The Directors
will also consider appointing additional directors with relevant
experience if the need arises.
Other matters in relation to the Proposed Investing Policy
For the time being, the Company will not utilise the services of
an investment manager (as defined in the AIM Rules). Given the
nature of the Company's Proposed Investing Policy, the Company does
not intend to make regular periodic disclosures or calculations of
net asset value. The Board does not envisage that the change in the
Company's investing policy to the Proposed Investing Policy will
have an effect on the Company's taxation status. Other than as
described in the Proposed Investing Policy, the Company does not
have any defined policies or strategies in relation to
taxation.
Proposed change of the Company's name
Following the adoption of the Proposed Investing Policy, it is
envisaged that the Company's investment activities will no longer
be exclusively focused on the Asia Pacific region and accordingly
it is proposed that the Company changes its name to All Active
Asset Capital Limited, in order to align the Company's name with
the Proposed Investing Policy. The Company's website address
(www.aaacap.com) will remain unchanged, as will the Company's AIM
symbol (AAA.L). In due course following the passing of Resolution 4
at the Extraordinary General Meeting, the Company will make an
announcement regarding the timing of completion of the Change of
Name.
Extraordinary General Meeting
A notice convening the Extraordinary General Meeting to be held
at the offices of Allenby Capital Limited, 5 St. Helen's Place,
London EC3A 6AB at 10.00 a.m. (UK time) on 10 October 2019 will be
set out at the end of the circular.
At the Extraordinary General Meeting, the following Resolutions
will be proposed:
Resolutions relating to the authority to allot relevant
securities and waiver of pre-emption rights (Resolution 1 and
Resolution 2)
The Directors appreciate that it would be ideal when a company
issues a material number of new shares for cash for that issue to
be fully pre-emptive (i.e. to incorporate an offer to all
Shareholders). However, the Directors believe that it would not be
in Shareholders' best interests to incur the significant additional
expense that would be required for such an offer to Shareholders to
be implemented. The Directors have therefore concluded that seeking
general authority from Shareholders to issue Ordinary Shares other
than on a pre-emptive basis is the most flexible, simple and cost
effective method available to the Company.
Resolution 1 will be proposed to enable the Directors to allot
relevant securities (including Ordinary Shares). The maximum
nominal amount of securities which the Directors will have
authority to allot pursuant to this Resolution will equate to 30.64
per cent. of the aggregate nominal value of the enlarged issued
share capital following Admission.
Resolution 2 will authorise the Directors to allot equity
securities for cash and to disapply statutory pre-emption rights on
the allotment of a limited number of equity securities (including
Ordinary Shares). This authority will permit the directors to allot
up to 74,785,322 new Ordinary Shares, being 30.64 per cent. of the
issued Ordinary Shares following Admission without first offering
the securities to existing shareholders.
The authority sought under Resolution 1 and Resolution 2 will
expire at the next annual general meeting of the Company, being
approximately 10 months from the passing of these resolutions.
Resolution relating to the Proposed Investing Policy (Resolution
3)
Resolution 3 will be proposed to approve the change the
Company's investing policy to the Proposed Investing Policy and to
authorise the Directors to take all such steps as any of them may
consider necessary or desirable to implement the Proposed Investing
Policy.
Resolution relating to the Change of Name (Resolution 4)
Resolution 4 will be proposed to approve the change of name of
the Company to All Active Asset Capital Limited, to amend the
Company's memorandum and articles of association to reflect such
change of name, to adopt a second amended and restated memorandum
and articles of association of the Company which incorporate the
above changes, and to authorise the Directors to take all such
steps as any of them may consider necessary or desirable to
implement the Change of Name.
A copy of the second amended and restated memorandum and
articles of association will be tabled at the Extraordinary General
Meeting by the Chairman. A copy of the second amended and restated
memorandum and articles of association will be made available for
download from the Company's website (www.aaacap.com) in due
course.
Recommendation
The Directors consider the Resolutions to be proposed at the
Extraordinary General Meeting to be in the best interests of the
Company and of the Shareholders as a whole. Consequently, the
Directors unanimously recommend that Shareholders and Depositary
Interest Holders vote in favour of the Resolutions to be proposed
at the Extraordinary General Meeting as they intend to do
themselves in respect of their beneficial interests amounting, in
aggregate, to 14,914,575 Ordinary Shares, representing
approximately 7.01 per cent. of the existing issued share capital
of the Company at the date of this document.
DEFINITIONS
The following definitions apply throughout the circular and this
announcement, unless the context requires otherwise:
"Admission" the admission of the Placing Shares to trading
on AIM becoming effective in accordance with
the AIM Rules
"AIM" the market of that name operated by the London
Stock Exchange
"AIM Rules" the AIM Rules for Companies, published by
the London Stock Exchange from time to time,
including the AIM Note for Investing Companies
"Allenby Capital" Allenby Capital Limited, the Company's AIM
nominated adviser and broker
"Articles of Association" the articles of association of the Company
"Board" or "Directors" the board of directors of the Company as
at the date of the circular whose names are
set out on page 5 of the circular
"Change of Name" the change of the name of the Company to
All Active Asset Capital Limited
"Company" All Asia Asset Capital Limited
"Depositary Interests" depositary interests issued by the depositary
Computershare Investor Services PLC, each
representing one Ordinary Share
"Depositary Interest Holders" holders of Depositary Interests
"Existing Investing Policy" the existing investing policy of the Company
"Extraordinary General the extraordinary general meeting of the
Meeting" Company convened for 10.00 a.m. (UK time)
on 10 October 2019 (or any adjournment or
postponement thereof)
"FCA" the Financial Conduct Authority
"Form of Instruction" the voting instruction form for use by Depositary
Interest Holders in relation to voting at
the Extraordinary General Meeting
"Form of Proxy" the form of proxy for use by Shareholders
in connection with the Extraordinary General
Meeting
"FSMA" the Financial Services and Markets Act 2000
(as amended)
"London Stock Exchange" the London Stock Exchange plc
"Notice of Extraordinary the notice of Extraordinary General Meeting,
General Meeting" to be set out at the end of the circular
"Official List" the official list of the UK Listing Authority
"Ordinary Shares" ordinary shares of no par value each in the
capital of the Company
"Peterhouse Capital" Peterhouse Capital Limited, the broker to
the Placing
"Placing Price" 0.4 pence per Placing Share
"Placing Shares" the 31,250,000 new Ordinary Shares subscribed
for by investors in the Placing at the Placing
Price
"Proposals" means: (i) the granting of a general authority
to allot relevant securities and waiver of
pre-emption rights of Shareholders (via Resolutions
1 and 2); (ii) the adoption of the Proposed
Investing Policy (via Resolution 3); and
(iii) the proposed Change of Name (via Resolution
4)
"Proposed Investing Policy" the proposed investing policy of the Company
set out in Section 4 of the circular
"Proposed Director" James Patrick Normand
"Resolution 1" the ordinary resolution to be proposed at
the Extraordinary General Meeting to authorise
the directors, in accordance with and pursuant
to Article 3 of the articles of association
of the Company, generally and unconditionally
to allot shares in the Company or grant rights
to subscribe for or to convert any security
into shares in the Company over up to 74,785,322
Ordinary Shares following completion of the
Placing, as described in the Notice of Extraordinary
General Meeting
"Resolution 2" the special resolution to be proposed at the
Extraordinary General Meeting to authorise
the directors, in accordance with and pursuant
to Article 4.5(d) of the articles of association
of the Company, generally and unconditionally
to allot shares in the Company or grant rights
to subscribe for or to convert any security
into shares in the Company over up to 74,785,322
Ordinary Shares for cash following completion
of the Placing, as described in the Notice
of Extraordinary General Meeting
"Resolution 3" the ordinary resolution to be proposed at
the Extraordinary General Meeting to change
the Company's investing policy to the Proposed
Investing Policy and to authorise the Directors
to take all such steps as any of them may
consider necessary or desirable to implement
the Proposed Investing Policy
"Resolution 4" the special resolution to be proposed at the
Extraordinary General Meeting to approve the
change of name of the Company to All Active
Asset Capital Limited, to make corresponding
changes to the memorandum and articles of
association of the Company, and to authorise
the Directors to take all such steps as any
of them may consider necessary or desirable
to implement the Change of Name
"Resolutions" Resolution 1, Resolution 2, Resolution 3,
and Resolution 4, as defined above
"Shareholders" holders of Ordinary Shares
"UK Listing Authority" the FCA acting in its capacity as the competent
authority for the purposes of FSMA
For further information:
All Asia Asset Capital Limited
Robert Berkeley, Executive Chairman and
Finance Director
Tel: +44 (0) 207 621 8910
www.aaacap.com
Allenby Capital Limited (Nominated Adviser
and Broker)
Nick Athanas / Alex Brearley
Tel: +44 (0) 203 328 5656
www.allenbycapital.com
About AAA
AAA is an investment company that has been established as a
platform for investors looking to access growing markets in the
Asia-Pacific region. The Company invests in a portfolio of
companies with at least a majority of operations (or early-stage
companies that intend to have at least a majority of their
operations) in the Asia-Pacific region in industries with high
growth potential including, but not limited to: agriculture,
forestry and plantations, mining, natural resources, property,
and/or technology. AAA is publicly quoted and its shares are traded
on the AIM Market, which is operated by the London Stock
Exchange.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOEUBARRKVAKAAR
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