}
Avocet Infinite Plc
Company Name:Avocet Infinite Plc Minimum fundraise:£0* High Share Price Bid:£0
Business Sector:Agriculture Total Funds Bid to Date:- Low Share Price Bid:£0
Auction period:19 Nov 2018 - 31 Jan 2019 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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Avocet Infinite Plc

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Company info

Avocet Infinite Plc is seeking to raise £7,000,000 to £10,000,000 at a minimum price of £7.00 per share. The fundraise is to be priced via a Dynamic BookBuild and the final price and allocations will be determined by the Board.

Avocet Infinite is the pioneer of the unique "natural capital" concept which aims to achieve commercial success from projects and technologies that assist man and improve the global habitat. Avocet Infinite is the parent company of the Avocet group, with the "Avocet" brand name given to the companies, products and processes which utilise the intellectual property of the group.

Further details are available in the Information Memorandum and supplementary information that can be requested by emailing avocet@assetmatch.com. Requests should include your name, company (if appropriate), contact number and country of residence/incorporation. Asset Match reserves the right, at its sole discretion, to refuse potential investors with a copy of the Information Memorandum.

The documents available are:

  • Information Memorandum
  • Natural Capital case study
  • Forecast financials
  • IP report
  • Certificate of incorporation
  • Articles of Assocation

Deal structure

The Company is seeking to raise £7,000,000 to £10,000,000 via Dynamic BookBuild at a minimum subscription price of £7.00 per share. There are currently 22,500,000 ordinary shares in issue, and therefore the minimum subscription price represents a pre-money valuation of £157,500,000. The Company has a single share class and investors will be issued shares that rank pari passu with the existing share capital.

Investors can pledge their binding subscriptions by emailing avocet@assetmatch.com and stating their name, company (if applicable), subscription amount in pounds sterling and the maximum price per share that they are willing to pay in pounds sterling.

The minimum subscription amount is £5,000 or such other minimum subscription as the directors and Asset Match may determine from time to time. The tick size for prices is 25p, and all submitted prices must be an exact multiple of this i.e. £7.00, £7.25, £7.50 etc.

An indicative fundraising price based on demand and interest will be displayed (where available) in the order book throughout the Dynamic BookBuild process.

Timetable

The Dynamic BookBuild began at 9am on Monday, 19th November 2018 and was due to close at 4pm on Friday, 30th November 2018. However, due to a high level of enquiry from new investors and the time required for due diligence, the Board has decided to keep the offer open. A new closing date will be announced in due course and investors can submit their interest until that time.

Once the BookBuild process has closed, the Board will determine, at its sole discretion, the final fundraising amount, the price and allocations to successful investors. These investors will be notified and provided with subscription forms.

This summary should be read in conjunction with all documentation made available to prospective investors. Please read the supporting documentation carefully before making any investment decision.

Instructions

Please read carefully the instructions provided above.

Any additional queries should be sent by email to avocet@assetmatch.com

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