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Leed Resources plc
Company Name:Leed Resources plc Minimum fundraise:£0* High Share Price Bid:£0
Business Sector:Finance Total Funds Bid to Date:- Low Share Price Bid:£0
Auction period:27 Oct 2017 - N/A Indicative Share Price:0.00 Average Share Price Bid:£0**
*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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Leed Resources plc

Trading in the shares of Leed Resources plc is currently suspended at the request of the company.

In the auction that closed on 26th October 2017, no shares traded.  The lowest offer was 0.02 pence per share.

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

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Company info

Leed Resources plc (“Leed”) is an investing company, focused on opportunities in the natural resources sector, including oil and gas, mining and building materials. Leed has one main investment which is Battalion International Ltd (High Manor Pty Ltd) and a legacy project, Manas Coal.

Battalion International Ltd

Battalion International Limited ("Battalion") is a BVI company which is the controlling shareholder of High Mannor Pty Limited ("HM") and trades under the brand name "Cultural Limestone". Cultural Limestone is the Second largest manufacturer and layer of reconstituted limestone blocks and wall panels in Western Australia. Once quarried the limestone is then crushed and processed into these blocks and more recently panels which are used as retaining walls in the construction industry. Cultural Limestone has spent 3 years developing their wall panels and have received strong market endorsements from its key customers. Barriers to entry do exist in the panel market and will therefore reduce risk of other parties being able to develop their own wall panels. Cultural Limestone has secured patents to protect their own panels from being duplicated.

Leed currently holds a secured convertible Loan Note in Battalion. The note is convertible into equity which if converted would result in Leed holding up to 18.4% of Battalion, equating to an equity interest of 14% of HM.

Strategy

  • To be an active investor where it can add value to the invested company
  • To be involved in the management of the investment through board or operational involvement
  • Potentially to take controlling positions
  • To advance investments to the stage where they can deliver cash flow to the parent

Auction details

Leed Resources Plc was admitted to trading on Asset Match on 7 September 2016 at a price of 0.02 pence per share.

It is intended that the first auction will be held towards the end of January 2017. Thereafter auctions will be held quarterly and close at 4pm on the last Thursday of each month (unless stated otherwise).

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.

Auction Price History

Auction instructions

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

  • Using The Share Centre

The Share Centre is the preferred broker and settlement agent for all CREST eligible companies on AM Private Market. The Share Centre offers a competitively priced service for both certificated and non-certificated transactions. For more information on The Share Centre's services or how to place an order please visit their page. If you do not already have an account with The Share Centre, then you can open an account online or by calling 01296 41 41 41.

Alternatively, if you are interested in selling your shares and are unsure what to do next please read our Auction instructions for Sellers with additional FAQs. You can download the 'selling shares traded on Asset Match' form here.

You can place orders with The Share Centre by calling 01296 41 42 43.

  • Using another stockbroker

If you already have a stockbroker (or an in-house dealing team if you are an institutional investor) then you can place an order by instructing your broker to face The Share Centre. Not all stockbrokers will be able to act on your behalf, and so you should check with them first. You may also incur additional fees.

When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade.

The tick size for this company is 0.01 pence per share.

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

Key People

Ian Gibbs Chairman

Ian is a founding partner and principal in Bromius Capital, a natural resources focused investment and advisory firm based in Singapore. During Ian’s investment banking career he has worked on a wide range of transactions covering both equity and debt capital markets, M&A, debt restructuring and principal investment. Prior to founding Bromius, he was responsible for the SE Asian operations of a leading Asian independent merchant bank, which included a team that was directly responsible for a number of high profile and successful natural resources transactions across the region, with a particular focus on upstream oil and gas. Ian is a member of the Institute of Chartered Accountants of England and Wales.

   

Charles Zorab Non-Executive Director

Charles is an experienced consultant to mining companies. With a background in investment banking, investment management, emerging markets and mining research, he is well placed to complement the skills of the Board. In his current role he has advised companies in Africa, Asia and the former Soviet Union. Prior to this, Charles helped to manage emerging market investment funds focused on Latin America. Before this, he worked within the investment banking division of Merrill Lynch Bank of America in emerging markets and global mining. He began his career as a metals trader with a ring-dealing member of the LME before switching to mining research. Charles is a partner in Charles Zorab Associates.

   

Charles Grundy Non-Executive Director

Charles has a wealth of experience as a corporate finance consultant to various companies in South East Asia and Australia. He qualified as a chartered accountant with PricewaterhouseCoopers before embarking upon an advisory career within the financial services industry at PwC Consulting and then with Presidio Capital, a private investment group in Singapore where he was head of corporate finance and advisory services. His client base there has been within the industrial, manufacturing, energy and consumer sectors.

   

Robert Porter Company Secretary

Finance Director and Chief Operating Officer with extensive international experience in all aspects of financial and operational (treasury and cash management, HR, IT, facilities, and risk) management with a proven background at board level in quoted and private businesses. Successful track record of managing shareholder value (including venture capital) in financial (private and investment banking; fund management), renewable energy, manufacturing/distribution, and media/technology sectors including acquisition and divesture experience together with extensive experience of fundraising and management of banking and City institutional relationships. Outstanding recruiter, communicator and builder of teams with extensive change/project management expertise. Additional experience as a non-executive director/chairman of Audit Committee of an AIM-quoted company.