Business
AlbaCo Signs £25m Regulatory Capital Agreement
Caledonian Holdings PLC announced that its investee company, AlbaCo, has secured a £25 million regulatory capital subscription agreement, a significant step towards its application for full banking authorisation to target the SME marketplace. This capital raise underpins AlbaCo's regulatory requirements and strengthens Caledonian's existing 5.47% stake. Additionally, Caledonian has agreed to provide £110,000 in short-term funding to AlbaCo, supplementing its prior £2.2 million investment, and has received FCA approval for a change in control at Aspire Payments Limited, further advancing its financial services platform strategy. Disclaimer*
About this update from Caledonian Holdings Plc.
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. 2 March 2026 Caledonian Holdings plc ("Caledonian" or the "Company") AlbaCo Signs £25m Regulatory Capital Subscription Agreement Caledonian Holdings plc (AIM: CHP), the AIM-quoted investment company focused on building a financial services and fintech investment platform, is pleased to announce that AlbaCo Limited ("AlbaCo"), an investee company of Caledonian, has signed a subscription agreement for £25 million in respect of its regulatory capital raise. Highlights · Key investee company AlbaCo, who are looking to become a new UK bank who will be targeting the SME marketplace, has successfully raised £25 million; · Funds raised will enable AlbaCo to support the pre-requisite regulatory capital requirements, underpinning its application for full authorisation; · Completion of this milestone capital raise represents a major inflection point in the establishment of a significant new force in UK banking, subject to regulatory approval by the PRA and FCA; · Further justification and valuation under-pinning for Caledonian's existing 5.47% stake in the Company; and · FCA regulatory approval also secured in respect of Caledonian's separate investment into Aspire Payments Limited. Keith Barclay, Investment Director of Caledonian, commented: "The signing of the £25 million regulatory capital subscription agreement marks a significant step towards AlbaCo receiving full authorisation. Together with the receipt of FCA change in control approval in relation to Aspire, this represents continued progress in delivering our strategy of building a scalable financial services platform." Background AlbaCo has signed a subscription agreement for a £25 million regulatory capital raise which represents a major milestone for AlbaCo and provides contractual commitment towards the capital required to support its application for full banking authorisation, subject to full authorisation by the Prudential Regulatory Authority and...
View stock analysis, news, and events for Caledonian Holdings Plc.