SPINNAKER OPPORTUNITIES PLC


Spinnaker Opportunities Plc (“Spinnaker” or the “Company”) was incorporated on 17 November 2016 under the Companies Act 2006 as a public company registered in England with number 10485105, with a view to creating a cash shell to be listed on the main board of the London Stock Exchange, Standard List segment and thereafter to seek an acquisition of a material business opportunity which is likely to constitute a Reverse Takeover (“RTO”). The Company’s Initial Public Offering, which consisted of a Subscription and a Placing, was over-subscribed and the Company was admitted to trading on 17 May 2017 under the ticker “SOP LN” and ISIN GB00BYQCS703. Gross proceeds were £1.2 million of which the Board invested an aggregate of £0.3 million. The Company’s main aim is to generate an attractive capital return to its shareholders by achieving a valuation uplift upon RTO and by selecting a target business that has significant further value growth potential following acquisition. ABOUT THE BUSINESS Spinnaker is a quoted cash shell modelled according to the best practices that we have seen. This means for example; That the founders and their close associates have invested £535,750 of the initial capital through the subscription. This aligns the interests of shareholders and the board. That no cash fees will be withdrawn from the business by board or management prior to completion of a first acquisition. This helps to ensure that future decisions by the board will be based on their shareholder interests, in full alignment with other shareholders. That legal, financial and commercial work will be conducted in-house by the founders to the extent that they have the necessary capabilities.
Bank NameSPINNAKER OPPORTUNITIES PLC
Stock ExchangeLSE
SymbolSOPL
SectorFinancials
IndustryFinancial Services
CountryUnited Kingdom
World RegionEurope
Chairman
CEO
Employees
Websitespinnakeropportunities.uk
Registered Year2016

  2017 2016 2015
  € m € m € m
Revenue      
Total interest income
Total Interest Expenses
Net Interest income
Total Net Revenue
       
Earnings per share      
Basic 0.01
Diluted 0.01
       
Assets      
Total current assets
Other assets
Total assets
Total current liabilities
Total liabilities
Total Equity
       
Net income      
Net cash provided by operating activities 0
Net cash used for investment activities 1
Net cash provided by financing activities 1
       
       
Source:http://www.spinnakeropportunities.uk      
Currency in EUR, All numbers in million.      

Scotland
Edinburgh