02 May 2018
Spinnaker Opportunities Plc
("Spinnaker" or "the Company")
KEY INFORMATION DOCUMENT
Spinnaker Opportunities Plc (LON: SOP), the standard listed cash shell established to make a material acquisition in the energy or industrial sectors advises that a Key Information Document ("KID") has been posted to the Library section of the Company's website.
A KID is a new regulatory requirement that is designed to assist retail investors considering investing in packaged investment vehicles. Whilst it is debatable whether or not a cash shell such as Spinnaker falls under the requirements, some investors have reported problems with intermediaries declining to allow them to purchase the Company's shares in the absence of a KID. The board has therefore taken the pragmatic decision to compile a KID to facilitate trading in the Company's shares.
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Enquiries |
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Spinnaker Opportunities Andy Morrison, Chairman |
Tel: +44 (0)7980 878 561 |
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SP Angel (Financial Adviser and Joint Broker) Lindsay Mair Caroline Rowe |
Tel: +44 (0)20 3470 0470 |
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SI Capital (Joint Broker) Nick Emerson Blytheweigh (Financial PR) Nick Elwes Simon Woods |
Tel: +44 (0)1483 413 500 Tel: +44 (0)20 7138 3204 |
About Spinnaker Opportunities
Spinnaker Opportunities (LON: SOP) is listed on the standard list of the London Stock Exchange, led by a management team with extensive expertise in the oil & gas/energy industries. Spinnaker's strategy is to seek a single material acquisition with a view to performing a Reverse Takeover to generate an attractive capital return to its shareholders by achieving a valuation uplift upon RTO and by selecting a target business that has significant further value growth potential following acquisition.
This information is provided by RNS