Northacre Ltd
Company Name:Northacre Ltd Minimum fundraise:£0* High Share Price Bid:£1
Business Sector:Real estate Total Funds Bid to Date:- Low Share Price Bid:£1
Auction period:27 May 2020 - 25 Aug 2020 Indicative Share Price:0.00 Average Share Price Bid:£1**
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.
NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

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Northacre Ltd

The next auction will close at 4pm on the 25th August 2020. An order book will appear here when orders have been received.

In the auction that closed on 26th May 2020, no shares traded. The lowest offer was 120 pence per share.

Please direct any queries to dealing@assetmatch.com or call 020 7248 2788.

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Company info

Northacre Limited has been admitted to trading on Asset Match at the request of its largest shareholder, Spadille Limited. Asset Match has no formal relationship with Northacre Limited.

Over the past 25 years, Northacre Ltd has created more than 1,000 luxurious homes and some of London's finest residential addresses. They are widely recognised as a leading exponent of remodelling historic and creating contemporary buildings and have always focused on significant and complex projects in prime locations. Northacre is passionate about the relationship between world-class design and commercial success.

www.northacre.com

Auction Details

Northacre Ltd was admitted to trading on Asset Match on 12th January 2017 at a price of 100 pence per share. Asset Match has been informed that Spadille Limited will make an order to purchase outstanding shares at 100 pence per share - a 35 per cent. premium to the closing mid-market price on 9th December 2016 being the day prior to the announcement of Northacre’s intention to cancel its admission to AIM (see documents section).

Auctions are held quartlerly and close at 4pm on the last Tuesday of the months of February, May, August and November (unless stated otherwise).

The tick size for this company is 1 pence per share.

Participants can send orders via their existing broker or directly to The Share Centre. Further details can be found by clicking on the "Auction instructions" section below.

Price history (last 10 auctions)

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Auction history (all)

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Auction instructions

To buy and sell shares in this company via Asset Match Private Market, you will need to use a stockbroker.

           -  The Share Centre

If you are a UK resident, our main broker and settlement agent for all CREST eligible companies on the AM Private Market is The Share Centre.

The Share Centre provide a competitively priced service for both certified and non-certified transactions. You can open an account online or by calling 01296 41 41 41.

Alternatively, if you already have an account with The Share Centre and wish to place an order please contact the Dealing Team directly on 01296 41 42 43.

To sell a share certificate, simply complete the certificated selling form and post it along with your original share certificate.

           -  Already have a stockbroker

Over 60 UK brokers regularly trade and are set up to deal on our platform. These brokers can submit your instructions to The Share Centre on your behalf*.

Please note that not all brokers are able to deal in unquoted shares so contact us to confirm whether your broker is able to trade.

           -  Overseas

If you are based overseas and are interested in participating then please contact us directly by emailing dealing@assetmatch.com or by calling 020 7248 2788.

​​When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade (*additional fees may apply).

For more information on how the auction works then please click here.

Key People

Niccolo

Niccolo Barattieri di San Pietro Chief Executive Officer

Niccolò Barattieri di San Pietro has over 20 years' experience in Finance/Real Estate. After spending several years alongside Est4te Four's Partners (who built their reputation in Milan by creating arguably the largest fashion quarter in the world), Niccolo helped transform the company into a global real estate advisor with developments in Milan, London, New York and Los Angeles. Prior to this Niccolo was Head Trader for Theorema Asset Management, a $600 million European Equity Hedge Fund. Niccolo was also Head Trader at Newman Ragazzi, a $1 billion European Equity Hedge Fund.

   
Fawad

Fawad Tariq Khan Executive Director

Fawad heads up Integrated Alternative Finance, the debt platform of the Abu Dhabi Financial Group. He has ten years' experience in private equity and debt advisory roles beginning his career with Deloitte in London focusing on management consultancy and financial advisory for clients across the UK and mainland Europe, including Tesco and Fortis. Fawad holds an MSc in Business Studies from the Michael Smurfit Graduate Business School at University College Dublin and a BSc in Computer Science from University College Cork, Ireland.

   
Mustafa

Mustafa Kheriba Non-Executive Director

Mustafa Kheriba is the Chief Operating Officer of ADFG, and Executive Director of the Company's Investment Manager, ADCM Ltd. Mustafa has extensive experience and an inherent understanding of the UK real estate market and pioneer emerging markets such as the GCC, Eastern Europe, and Iraq. Mustafa manages the day-to-day operations, business development and control aspects of ADFG and its subsidiary companies. He also oversees deal origination, fund raising activities and directly manages key investments in the company. He also currently serves as Executive Director of Integrated Alternative Finance, Spadille Ltd., Integrated Capital, Northacre Plc, Reem Finance, Integrated Securities and Integrated Eastern European Fund, in addition to being Non-Executive Director at Qannas Investments Limited.

   
Anthony

Anthony Edgley Director

Tony has 40 years of international and domestic real estate experience both as an advisor and a principal investor.

Tony retired as a partner of Brockton Capital in 2018, where he was a member of a five-man Investment Committee with full delegated authority across three opportunistic funds (c£5.25 billion) for eight years. Tony was responsible for originating and leading c£2.25 billion of multi-sector transactions through the full life cycle of acquisition, asset management, design and redevelopment, leverage, joint venture management and sale.

Before Brockton Capital, he was Managing Director of Jones Lang LaSalle Corporate Finance Ltd where he advised the firm's global clients on joint venture establishment, M&A, corporate disposal, debt advisory and equity raising. Major clients included Blackstone, ADIA, GIC, HSBC, Lloyds Bank and J Sainsbury.

Tony lived and worked for eight years in New York and helped establish the first global real estate institutional investor club; The Prudential Global Programme.