Augmentum Fintech plc - Share Offer

NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR IN ANY OTHER TERRITORY WHERE TO DO SO WOULD BREACH APPLICABLE LAWS OR REGULATIONS. SEE PROSPECTUS FOR FURTHER DETAILS.

Augmentum Fintech plc, (the "Company") a newly established closed-ended investment company, has announced its intention to float on the main market of the London Stock Exchange. The Company is seeking to issue 100 million ordinary shares at an issue price of £1.00 by way of a placing, offer for subscription and intermediaries offer. 

The Company will invest in early stage (but not seed stage, where the risk profile of investments is considered to be higher) and later stage fintech businesses which have high growth potential in scalable sectors. These opportunities will predominantly be focused on disruptive technologies in the banking, insurance and asset management sectors, as well as other cross-industry propositions. 

Conditional on Admission, the Company will acquire an initial portfolio of five fintech investments (the “Initial Portfolio”) with an aggregate valuation of approximately £33.3 million as at 31 December 2017. The Initial Portfolio comprises investments in Zopa, Seedrs, Interactive Investor, BullionVault and SRL Global.

KEY INFORMATION

​Offer Period

The Offer Period for the Augmentum Fintech plc Share Offer opened on Thursday 22 February 2018, following publication of the Prospectus.

It is expected that the Offer will be open for applications until 1pm on Thursday 8 March 2018, but may close early without prior notice.

The minimum investment value is £1,000 and in multiples of £1.00 thereafter. There is no maximum.

Offer Price and Allocation Policy

The Issue Price has been set at 100 pence per Ordinary Share.

We expect the results of the Offer, including the allocation policy to be announced on Friday 9 March 2018.

Allocation of shares will be at the absolute discretion of Augmentum Fintech plc. This may include a scale-back, which could result in you receiving less shares or no shares at all.

Following the announcement of the allocation policy we will complete the settlement, allocate the shares (if your application was successful) and (in the case of scale-back) refund any cash to your account.

Trading Starts

Admission and unconditional dealing in the Ordinary Shares is expected to commence at 8am on Tuesday 13 March 2018. There is no conditional dealing period.

When admitted to trading, the new shares will be registered with SEDOL (Stock Exchange Daily Official List) number BG12XV8 and trade under the symbol "AUGM".

Visit the Augmentum Fintech website for further details.

This summary should be read in conjunction with all documentation made available on this site. Please read the supporting documentation carefully before making any investment decision.

Understand the risks

Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice.

You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest.

Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue.

Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Prospectus, including all the risks attached to investing in the Company before you apply.