Admissions to Trading and First Day of Dealings. Vale International Group Ltd. (LSE:VALE), incorporated in the British Virgin Islands ("BVI") and formed to undertake one or more acquisitions of businesses (either shares or assets) in the technology sector in Europe and/or Asia is pleased to announce that its entire issued ordinary share capital consisting of 43,214,287 ordinary shares of no par value (the "Ordinary Shares") will today be admitted to the standard listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's main market for listed securities (together, the "Admission"). Dealing will commence at 8:00 a.m. today, 5 September 2016, under the TIDM code "VIG.L" (ISIN: VGG9330F1018)
- Vale was formed to identify and acquire a prospective target company or business in the technology sector in Europe and/or Asia (the "Acquisition").
- In particular, the Company will target technology businesses which own or are developing intellectual property used within the financial services industry.
- Following completion of the Acquisition, the objective of the Company will be to operate the acquired company or business and implement an operating strategy with a view to generating value for its Shareholders through operational expansion and improvements as well as potentially through additional complementary Acquisitions.
- The Board, comprising Pui Lan Patrick Tsang (Non-Executive Chairman), Simon James Retter (Executive Finance Director) and Maurice (Malcolm) Groat (Non-Executive Director), believe that their broad collective business experience in the areas of acquisitions, corporate and financial management, together with their extensive network of contacts will assist them in the identification and evaluation of suitable investment opportunities and will enable the Company to pursue its strategy.
Vale International Group Chairman Patrick Tsang commented:
"Vale International Group Ltd. has been formed specifically with the purpose of making acquisitions in the technology sector, focussing on businesses which own or are developing intellectual property used within the financial services industry.
The directors of Vale have significant experience in the finance and technology arena and executing complex financial transactions and acquisitions to generate significant value for shareholders. I look forward to commencing the process of target identification in what is a favourable and exciting environment for building high growth companies.
With investor and business confidence seemingly unaffected in light of the Brexit decision, the UK is an extremely attractive destination for corporate activity and remains a leading global finance and technology hub."
The Prospectus published by the Company on 25 August 2016 in connection with the Admission can be found at http://www.morningstar.co.uk/uk/NSM and on the Company's website at www.valeig.com/regulatory-documents