Business
Additional Retained Advisers
Additional Retained Advisers.
About this update from Kanabo Group Plc
[{"type":"text","content":"\n \nRNS Number : 1521G Spinnaker Opportunities PLC 25 May 2017 \n\nSpinnaker Opportunities Plc\n \nAdditional Retained Advisers\n \n25 May 2017\n \nSpinnaker Opportunities Plc (the \"Company\" or \"Spinnaker\"), the newly listed cash shell focused on delivering a single, material acquisition in the energy or industrial sectors, is pleased to confirm the appointments of Mr Alan Hume and Mr Andy Duncan as additional Retained Advisers to the Company.\nThe role of the Retained Adviser is to advise the Board on a discretionary, part-time consultancy basis as the Board assesses potential Acquisitions. In common with the Directors, Retained Advisers will not receive any fees for their ordinary duties prior to the completion of an Acquisition transaction.\nCommenting on the new appointments, Andy Morrison, Chairman of Spinnaker said, \"The whole Board is delighted to welcome Alan and Andy to the Spinnaker team. Their in-depth financial knowledge and practical skills and experience will greatly enhance our ability to process our promising inventory of opportunities and to complete a value-adding Acquisition as quickly and as effectively as possible.\"\nMr Hume participated in the recent IPO, making a personal equity investment and on appointment, both Mr Hume and Mr Duncan become eligible for the Company's share option scheme. Awards under the Company's share option scheme are primarily intended for retrospective recognition for the \"sweat\" contributions of Directors and Retained Advisers. No option award is being made at this time.\nOn presentation of a potential acquisition target, Retained Advisers may be requested to provide the benefit of their experience on issues such as target quality, potential capital expenditure requirements, commodity market dynamics and business development in order to assist the Directors in formulating an investment decision. While the Retained Advisers may be asked for their recommendations, all decisions will be made solely by the Directors.\n \nENQUIRIES\n \nSpinnaker Opportunities Plc\nAndy Morrison\n07980 878561\n \nSP Angel (Financial Adviser and Broker)\nLindsay Mair\nCaroline Rowe\n020 3470 0470\n \nPROFILES\nMr Alan Hume\nAlan is a dynamic and highly developed CFO with significant experience in the oil and gas exploration and production secto...