Published on: April 28, 2022

Investment in a high-growth advisory market

Following a positive trading update, finnCap has made an interesting move into a fast-growing advisory market, taking a 50% interest in Energise, a Net Zero and sustainability consultancy. The £2.1m consideration comprises £1.9m cash and 902,090 new finnCap shares. The shares will be admitted on or before 29 April, after which finnCap will have 180,818,177 shares in issue. Of the shares issued, 50% are subject to a 12-month lock-up and 50% to a 24-month lock-up. The impact of the investment will be incorporated in new FY23 forecasts when FY22 results are announced in July.

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