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AIM Rule 26

Advisers and Registrars

Nominated Adviser and Joint Broker

Cenkos Securities PLC
6,7,8 Tokenhouse Yard
+44 (0) 20 7397 8900

Joint Broker

Numis Securities Limited
The London Stock Exchange Building
10 Paternoster Square
+44 (0) 20 7260 1000

Public Relations

Tulchan Communications
85 Fleet Street
+44 (0) 20 7353 4200

Corporate Finance Advisers

Marwyn Capital LLP
11 Buckingham Street
+44 (0) 20 7004 2700

Reporting Accountants and Auditors

PricewaterhouseCoopers LLP
1 Embankment Place
WC2N 6RH +44 (0) 20 7583 5000

Solicitors to the Company (as to English and US law)

Covington & Burling LLP
265 Strand
+44 (0) 20 7067 2000

Solicitors to the Company (as to Jersey law)

44 Esplanade
St Helier
+44 (0) 1534 514000


Link Market Services (Jersey) Limited
12 Castle Street
St Helier
+44 (0) 20 8639 3399

Registrar - Shareholder Enquiries

If you are a shareholder and need any help, please contact us using the details below

0871 664 0300 (Calls cost 12p per minute plus network extras)
From outside the UK: +44 (0) 37 1664 0300

Lines are open Monday - Friday, 9:00am - 5:30pm GMT, excluding public holidays in England and Wales.

Company Secretary and Administrator

Axio Capital Solutions Limited
One Waverley Place
Union Street
St. Helier
+44 (0) 1534 761 240

Board of Directors

As of today, the Board of Directors comprises:

  • James Brotherton
  • Avril Palmer-Baunack
  • Chris Cole
  • James Corsellis
  • Mark Brangstrup Watts

Full biographies of the Board of Directors are available under About Us.

Country of Incorporation and Main Country of Operation

The Company was incorporated in Jersey on 10 May 2017 under the Companies Law (Jersey) 1991, as amended, with registered number 123821, and is registered as a UK establishment under registration number BR019465.

As Safe Harbour Holdings plc is incorporated in Jersey, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.

Safe Harbour's main country of operations is the UK.

Investing Policy

The Company will look to achieve its investment objective by taking an active approach to investments made within the following parameters:

  • Geographic focus: The Company may invest internationally, however its principal focus will be on the UK, Europe and North America.
  • Sector focus: The Company intends to focus on acquiring B2B distribution and business services assets in sectors which exhibit a variety of attractive traits. The Directors consider that opportunities exist to create value for shareholders through a properly executed, acquisition-led strategy in these industries.
  • Target companies: Safe Harbour will target companies with a well-established presence in their specific sectors and which fit into the stated sector and asset criteria and guidelines.
  • Types of investment and control of investments: It is anticipated that the Company will acquire controlling stakes in one or more businesses or companies (quoted or private) together being a single target business on a long term basis. The investments made by the Company could take a variety of legal forms. For example, it may acquire complete control or a majority stake of a business, or form a joint venture partnership.
  • Investment size: The Directors intend that initial funds raised will be used for the purposes of demonstrating credible funding support to potential target vendors, as well as to fund working capital and to undertake due diligence on potential target acquisitions.
  • Nature of returns: It is anticipated that returns to shareholders will be delivered primarily through an appreciation in the Company’s share price.

The Company will need to raise additional funds for the Platform Acquisition in the form of equity and/or debt. Depending on the constitution of Safe Harbour’s shareholder register, it is possible that equity fundraising for these purposes will, subject to the necessary shareholder approval, be carried out on a non-pre-emptive basis to allow for the diversification of the Company’s shareholder register and to obtain sufficient equity funding.

The Directors do not currently intend to propose any material changes to the Company’s Investment Policy, save in the case of exceptional or unforeseen circumstances. Any material change to the Investment Policy will be made only with the approval of shareholders.

In accordance with the AIM Rules for Companies, if the Company fails to make an acquisition or has not substantially implemented its Investment Policy within 18 months of Admission, the Company will seek shareholder approval for its Investment Policy at each subsequent annual general meeting until such time as there has been an acquisition or the Investment Policy has been substantially implemented. The Directors will, at any subsequent annual general meeting, consider whether to wind up the Company and return funds (after payment of the expenses and liabilities of the Company) to shareholders.

Number of AIM Securities in Issue

As at 30 June 2020, the Company had 27,250,001 ordinary shares of no par value in issue.

Significant Shareholders

Name Number of Ordinary Shares % shareholding
Marwyn Asset Management Limited 8,333,336 30.6
Invesco Asset Management Limited 7,083,333 26.0
Aberdeen Standard Investments 5,444,392 19.9
Marathon Asset Management LLP 2,666,666 9.8
BlackRock Investment Management 1,597,275 5.9
JNE Partners 833,333 3.1

Details of Restrictions on Transfer of AIM Securities

There are no restrictions on the transfer of the Company’s AIM securities.

UK City Code

Safe Harbour Holdings plc is subject to the UK City Code on Takeovers and Mergers.

Regulatory News

Regulatory news service announcements made by the Company are available under Regulatory News.

Details of Other Exchanges or Trading Platforms

Safe Harbour does not either trade nor has applied or agreed to have its securities admitted or traded to any exchanges or trading platforms other than AIM.