AIM 26 Rule

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Aim 26 Rule

Description of the business

  • Geographic focus: Initially the Company’s principal focus will be investing in businesses based in, or operating principally in the United Kingdom, Europe or North America. The Company may consider in the future investing globally, including in emerging markets Geographic focus: Initially the Company’s principal focus will be investing in businesses based in, or operating principally in the United Kingdom, Europe or North America. The Company may consider in the future investing globally, including in emerging markets
  • Sector focus: The Company intends to focus on the industrials sector Sector focus: The Company intends to focus on the industrials sector
  • Target companies: The Company will target companies with good market fundamentals in their specific segment which fit into the stated geographic and asset criteria guidelines and where the Directors believe there is the potential for material strategic, operational and performance improvement Target companies: The Company will target companies with good market fundamentals in their specific segment which fit into the stated geographic and asset criteria guidelines and where the Directors believe there is the potential for material strategic, operational and performance improvement
  • Types of investment and control of investments: It is anticipated that the Company will acquire and control one or more businesses or companies on a long-term basis. The Board may issue New Ordinary Shares as acquisition consideration to vendors of assets, as appropriate, and the Board would expect such New Ordinary Shares to represent a non-controlling or minority shareholding in Stirling at that point in time Types of investment and control of investments: It is anticipated that the Company will acquire and control one or more businesses or companies on a long-term basis. The Board may issue New Ordinary Shares as acquisition consideration to vendors of assets, as appropriate, and the Board would expect such New Ordinary Shares to represent a non-controlling or minority shareholding in Stirling at that point in time
  • Investment size: The Directors intend that initial funds raised pursuant to the Placing will be used for the purposes of funding operational expenses and to undertake due diligence on potential target acquisitions. It is envisaged that the Company’s first acquisition will be in the region of an enterprise value of £100 million to circa £750 million and will be all of or a controlling stake in a business Investment size: The Directors intend that initial funds raised pursuant to the Placing will be used for the purposes of funding operational expenses and to undertake due diligence on potential target acquisitions. It is envisaged that the Company’s first acquisition will be in the region of an enterprise value of £100 million to circa £750 million and will be all of or a controlling stake in a business
  • Nature of returns: It is anticipated that returns to Shareholders will be delivered through a combination of an appreciation in the Company’s share price, and if appropriate, regular annual dividends paid out of retained earnings (following completion of an acquisition) as well as return of cash to shareholders following any disposal of assets or businesses Nature of returns: It is anticipated that returns to Shareholders will be delivered through a combination of an appreciation in the Company’s share price, and if appropriate, regular annual dividends paid out of retained earnings (following completion of an acquisition) as well as return of cash to shareholders following any disposal of assets or businesses

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