Limitless Earth plc
(the "Company")
First Day of Dealings
Limitless Earth plc, a rule 8 investing company, announces that it has joined
the AIM market of the London Stock Exchange and dealings in its ordinary shares
commenced today at 8:00 a.m. under the ticker symbol "LME".
The Company has raised £3,005,000 through the issue of 65,400,000 ordinary
shares at a price of 5p per share pursuant to a placing with new investors.
Cairn Financial Advisers LLP is Nominated Adviser and Global Investment
Strategy UK Ltd is broker in relation to the Admission.
Use of Proceeds
The funds raised will be used for working capital whilst the Board seeks
suitable investments and, where applicable, acquisitions in line with the
Company's Investing Policy, details of which can be found on the Company's
website.
The Company is focusing on opportunities built on `demographic trend
investment' and plans to invest principally, but not exclusively, in sectors
where changing demographic factors are important drivers of growth. The
Directors believe such demographic factors create opportunities for businesses
that support the element of the global population which is geographically
mobile, expanding, becoming wealthier and living longer.
The Board, through its extensive network of contacts, has identified a number
of potentially interesting investment opportunities, although formal
discussions in respect of any of these opportunities have not yet commenced.
The Company may be either an active investor and acquire control of a single
company or it may acquire non-controlling shareholdings. Therefore, the
proposed investments to be made by the Company may be in either quoted or
unquoted securities and made by direct acquisition of interest in companies,
partnerships or joint ventures, or direct interests in projects and can be at
any stage of development. Accordingly, the Company's equity interest in a
proposed investment may range from a minority position to 100 per cent.
ownership.
The Board
The Directors have extensive contact bases and, collectively, many years of
experience in setting up, managing and growing businesses across a wide range
of sectors including health and wellness, energy, media, real estate, finance,
internet and leisure. In particular, Dominic White, a Director of the Company
has experience in the investment sector working in private equity, investment
funds management and advisory businesses in both the private and listed
markets.
Dominic White, Director of the Company, commented:
"I am very pleased that the Company's shares have today been admitted to
trading on AIM. The response from the new investors to the Placing was very
encouraging and the Board looks forward to growing the business on AIM and
updating shareholders on our progress."
The Company's Admission Document can be found at: www.limitlessearthplc.com
For further information please contact:
Limitless Earth plc www.limitlessearthplc.com
Dominic White +44 7972 000 093
Cairn Financial Advisers LLP +44 20 7148 7900
Nominated Adviser
Jo Turner/Liam Murray www.cairnfin.com
Global Investment Strategy Limited +44 20 7048 9400
Broker
John Gunn www.gisukltd.com