We are delighted to announce that our client Garnet successfully raised £6m pre-flotation funding last week. The company intends to raise a further tranche during 2017 before listing in 2018.
We are delighted to have been chosen to participate in a number of seminars at venues across the UK, organised by AIM listed Begbies Traynor plc. We will be presenting to audiences of invited Accountancy firms about stock market related issues.
We are delighted that Holland Bendelow client Fishing Republic has raised a further £ 3.75m through a placing on AIM. The fundraising will be used to support Fishing Republic’s continuing expansion. Steve Gross, CEO said “We will be using the net proceeds of the placing to implement our growth strategy. In particular, we will be focusing on developing our online and digital capability, whilst continuing to expand our store network’’
Holland Bendelow welcomes the announcement in the recent budget that Capital Gains Tax Entrepreneurs’ Relief will be extended to external investors in unlisted trading companies. We believe that this is a positive move by the Government to encourage investment in smaller companies listed on AIM and ISDX stock markets. Investors who choose to invest in smaller and growing companies take on a degree of risk when supporting thee companies and we believe that additional taxation reform should further encourage wider share ownership.