NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
This announcement is not a prospectus or admission document and not an offer of shares for sale in any jurisdiction, including in or into Australia, Canada, Japan, South Africa or the United States.
Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any shares referred to in this announcement except solely on the basis of the information contained in an Aquis Stock Exchange Growth Market admission document in final form (together with any supplementary admission document, if relevant, the "Admission Document"), including the risk factors set out therein, that may be published by Silverwood Brands plc in connection with Admission (as defined below).
DATE: 18 October 2021
Silverwood Brands plc
("Silverwood" or the "Company")
Intention to Float on AQSE Growth Market
Silverwood Brands plc, an investing company established to identify investment opportunities including, but not limited to, in the foods, organic food, wellness, lifestyle and leisure sectors, is pleased to announce its intention to apply for admission of its Ordinary Shares ("Admission") to trading on the Access Segment of the Aquis Stock Exchange Growth Market ("AQSE Growth Market"). Admission is targeted for November 2021.
Highlights:
· Silverwood's focus is to identify suitable consumer facing brands including, but not limited to, in the foods, organic food, wellness, lifestyle and leisure sectors which the Directors believe to have significant growth opportunities.
· The Company intends to develop a diversified portfolio of consumer facing brands and businesses, ranging from established brands to smaller ventures.
· The Board of Directors on Admission will comprise a team that is highly experienced and reputable, including Andrew Gerrie who co-founded the handmade cosmetics company, Lush Ltd., Paul Hodgins former Head of Customer Experience at Virgin Media and previous Leader of Richmond Council, Andrew Tone who co-founded of Lush Japan and James Wilson who was previously on the Board of Hornby PLC & Dignity PLC, and currently manages The Huginn Fund.
· Angus Thirlwell, co-founder and CEO of Hotel Chocolat, will serve as an adviser to the Board from Admission.
Andrew Gerrie, Founder of Silverwood Brands plc said:
"We have established Silverwood Brands to create a portfolio of premium consumer brands, which we intend to grow and develop to increase shareholder value. We believe that the combined expertise of our Board is best placed to maximise the opportunities resulting from the growing demand for premium consumer brands. A quotation on a London stock market will provide us with the profile credibility and access to global capital to drive our growth and acquisition strategies."
Acquisition Strategy:
The Company intends to develop a diversified portfolio of consumer facing brands and businesses, ranging from established brands to smaller ventures. As the Directors understand that the creation of value, such as the establishment of a valuable brand, requires time, the Company's investment strategy is aimed towards a long-term approach of the Company's investments. The main objectives will be to scale the individual brands through a review of their product offerings, marketing arrangements, supply chain economics and financing as well as to realise synergies arising from the inclusion of individual brands into a diversified portfolio and ultimately to increase shareholder value and returns.
The Company intends to acquire significant stakes in target companies using shares in the Company, the Company's cash resources or a mixture of both.
Expected IPO and Subscription highlights:
· Admission to trading on the Access segment of the AQSE Growth Market.
· Pre-IPO subscription of approximately £1 million already closed.
· IPO subscription to qualifying investors expected to commence shortly.
VSA Capital Limited ("VSA Capital") have been appointed as AQSE Corporate Adviser and Broker to the Company for the proposed Admission.
For more information, please contact:
| Silverwood Brands plc |
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Andrew Gerrie |
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| VSA Capital - AQSE Corporate Adviser and Broker |
+44(0)20 3005 5000 |
| Andrew Monk, CEO Andrew Raca, Head of Corporate Finance Pascal Wiese, Associate Corporate Finance |
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