Transaction Reports Ortac Resources Ortac Resources’ Share Placing Ortac Resources Ltd, the AIM listed
exploration and development company focussed on natural resource based projects, has announced that it has raised gross proceeds of £500,000 via a placing of new ordinary shares. The Placing is comprised of 200,000,000 new ordinary shares at a price of 0.25 pence per ordinary
share.The funds raised will be used by the Company to strengthen the Company’s cash position and enable it to advance it projects in Slovakia and Eritrea.
Following this issue of equity, the issued share capital of the Company will be 2,515,679,020. The Placing Shares will rank pari passu with the existing ordinary shares.
In accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules, the Company
hereby announces that it has 2,515,679,020 ordinary shares of no par value each in issue, each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury.
The above figure of 2,515,679,020 ordinary shares 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 under the Financial Conduct Authority’s Disclosure and Transparency Rules.
Ortac Resources CEO Vassilios Carellas said, “Ortac is pleased that it has a new institutional shareholder and simultaneously further bolster the Company’s cash position so that it now has over £3 million in treasury”.
Ortac Resources’ share placing
Legal advisor to Ortac Resources:
SET Environnement TCR in SET Environment MBO
TCR Capital has invested in the management buyout of SET Environment, a French business specialising in asbestos removal.
Founded in 1996, SET specialises in asbestos removal services for commercial and industrial buildings. The company employs 12 people and posted an €18m turnover in 2013.
The deal allows SET’s founder to pass the business onto the current management team, backed by TCR. TCR Capital is an independent private equity partnership with one of the most experienced teams in the French middle market, managing some €M
300 in capital. The group invest throughout France in market leading businesses with high-growth potential.
The Funds managed by TCR have a clearly defined objective of investing in middle market buyout opportunities in France (companies with sales €M 20 - €M 200) where TCR can add value post- investment, particularly where there are build up opportunities and in corporate spin out situations. The company will now look to develop its business with existing customers, target new markets and bolster its services offering.
Environnement MBO TCR in SET Legal advisor to the management team:
Legal advisor to the equity provider:
Financial due diligence provider, tax advisor and pensions and actuarial advice:
Legal advisor to the debt provider:
Legal advisor to the vendor: Financial advisor to the vendor:
Risk & insurance due diligence provider:
ACBS Mezzanine:
Legal advisor – Mezzanine:
Commercial due diligence provider:
Valorisation advisor:
70
www.finance-monthly.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74