Type: EME Market Commentary, News Releases
Global law firm, Reed Smith has advised daVictus plc, a Jersey company, in relation to the admission of its shares to the standard segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities which was announced to the market today (Friday 29 January 2016).daVictus, which is only one of 15 companies with a standard listing on the Official List and the main market, is a special purpose acquisition vehicle formed to undertake one or more acquisitions of businesses which operate in or own Australian, European and/or North American food and beverage eatery franchises in South East Asia and/or the Far East.
The admission involved the issue of 10 million new ordinary shares, which raised approximately £1 million for the company. Going forward the company will now seek to identify an appropriate acquisition opportunity for the funds raised.
daVictus was advised by a team led by Reed Smith relationship partner, Matthew Gorman (Singapore), partner, James Wilkinson (London) and associate, Fiona McFarlane (London).
Reed Smith partner Matthew Gorman commented:
“We were delighted to have the opportunity to work with daVictus plc in advising them on their successful admission to the Official List and trading on the main market an important step in the life of the company. Reed Smith has an extensive track record of bringing offshore businesses to the London markets and this deal is an excellent reflection of our capabilities in this area.”
Note to editors:
About Reed Smith
Reed Smith is a global relationship law firm, with more than 1,800 lawyers in 26 offices throughout Europe, the Middle East, Asia and the United States.
For further information, please visit www.reedsmith.com or contact Andrew Darby (senior corporate communications executive) on +44 (0)20 3116 3795.