A cash shell listed on London Stock Exchange
Spinnaker Opportunities Plc

About

About The Company

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 Standard List of the London Stock Exchange. The Company's goal is to seek an acquisition of a material business opportunity which is likely to constitute a Reverse Takeover (“RTO”). Spinnaker aims 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.

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.

About The Business

Spinnaker is a quoted cash shell modelled according to the best practices that we have seen. Core principals include;

  • 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.

  • No cash fees will be withdrawn from the business by board or management prior to completion of a first acquisition.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.

  • Legal, financial and commercial work will be conducted in-house by the founders to the extent that they have the necessary capabilities.

Strategy

 

 

 

 

Spinnaker will seek a single, material opportunity as its first acquisition (i.e. it is about creating a substantial new business, not about “planting a thousand seeds”).

Spinnaker will seek and consider opportunities either that amount to effective exit upon first acquisition or which may involve a limited period (max 2 years) of operation and growth prior to an effective exit.

A higher proportion of Spinnaker opportunity deal flow is expected to arise from the cannabis processing industry where the Company sees substantial potential for growth. Other sectors will also be considered if they meet the Company's stringent acquisition criteria. This requires the opportunity to be involved in a sector with long-term profit potential, opportunity for the Spinnaker team to add value, excellent management, market appetite and valued between £5 million and £30 million.

The founders of Spinnaker will provide only such direction and management as may be required for the ongoing business to succeed after its first acquisition (i.e. it is about doing what is truly needed, not creating a lifestyle for the founders of Spinnaker).

THE BOARD

Each of the Directors and Officers has been involved in advising, investing in and/or managing numerous junior companies across a variety of sectors.

Andy Morrison

Chairman

An outcome‐focused Director, General Manager and Chief Executive of growth businesses with successful experience in both major multi‐national corporations and smaller public companies. A background in strategic business development combined with technical literacy and an entrepreneurial mind‐set and a record of commercial delivery across energy and process industries. Andy will be responsible for commercial matters and the overall management of SOPlc, and in particular in the sourcing and negotiation of a pipeline of RTO opportunities for the business to action once it becomes listed.

Tony Harpur

Director

A senior oil executive in the oil trading units of BP and Shell and ex‐CEO of a oil and chemicals trading company based in the Middle East. Tony is now retired and is a volunteer expedition and walks leader. He welcome the opportunity to use his knowledge and experience to help SOPlc seek an acquisition of a material business opportunity. In addition to his overall duties, Tony will contribute to the origination, screening and due diligence on the RTO acquisition inventory.

Alan Hume

Director

Alan is a dynamic and highly developed CFO with significant experience in the oil and gas exploration and production sector as well as the broader energy market. Alan has also held senior finance, commercial and operational roles in the oilfield services, engineering, construction and energy production sectors.

Alan's career has seen him hold many domestic, as well as international financial responsibilities. He has experience in bringing companies to market as well as leading acquisition and disposal activities. His expertise encompasses blue chip American organisations, AIM listed companies, TSX‐V listed companies and start‐up ventures.

Alan is a Fellow of the Chartered Institute of Management Accountants.

David Bott

Board Adviser

David is former Chairman of Oxford Biomaterials and a Non-Executive Director of Oxford Advanced Surfaces Group. He originally qualified with a degree in Polymer Science and pursued an early career amongst major industrial firms including BP, Courtaulds and ICI rising to the role of Director of Group Technology at ICI. He was a founder and then Director of Innovation Programmes at the UK Government's Technology Strategy Board from 2007‐2013.

Zahid Latif

Board Adviser

Zahid originally qualified as pharmacist and then went on to do a PhD in Pharmaceutical sciences specialising in natural product chemistry before embarking on a career in industry. He has held a number of industrial roles and gained an MBA from Cardiff University. He has served as Head of Healthcare at Innovate UK (Technology Strategy Board), a former Board Member of the Cell and Gene Therapy Catapult and Director of Population and Early Detection Research at Cancer Research UK. Currently he undertakes consultancy work and has a role as a Sector Specialist for the Department for International Trade.

David Little

Company Secretary

A Corporate/Commercial partner with legal firm Bishop & Sewell, advising on buying and selling businesses, private and public fund‐raisings (in particular AIM, Standard List and ISDX) and general company law and company secretarial matters. His work involves corporate transactions across a broad range of business sectors, with a particular focus on the technology, marketing and media, sport and leisure, and professional services sectors. David will be responsible for legal matters and overall compliance of SOPlc, and in particular in the preparation of the prospectus and liaison with UKLA in connection with admission to trading.

News

Last updated 6th December 2018

Directorate Change, Advisory Appointment, Business Update and Investor Presentation

Appointment of Financial Adviser and Broker and Secondary Placing

Board Changes and Business Update

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Board Changes and Business Update

Notification Of Major Holding

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Notification Of Major Holding

Strategic Focus On The Cannabis Processing Industry Q&A

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Strategic Focus On The Cannabis Processing Industry Q&A

Spinnaker Business Strategy and Appointments

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Spinnaker Business Strategy and Appointments

Interim Results Sept 2018

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Interim Results Sept 2018

Notification Of Major Holding

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Notification Of Major Holding

Result of 2018 Annual General Meeting

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Result of 2018 Annual General Meeting

Posting of Annual Report & Accounts and Notice of AGM

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Posting of Annual Report & Accounts and Notice of AGM

Results for the Year Ended 31 December 2017

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Results for the Year Ended 31 December 2017

Issued Share Capital

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Issued Share Capital

Notification Of Major Holdings

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Notification Of Major Holdings

Notification Of Major Holdings

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Notification Of Major Holdings

Appointment of Retained Advisor

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Appointment of Retained Advisor

Completion of Placing and Subscription

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Completion of Placing and Subscription

Subscription and Appointment of Joint Broker

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Subscription and Appointment of Joint Broker

Corporate Update

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Corporate Update

Half Yearly Report 30th June 2017

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Half Yearly Report 30th June 2017

Corporate Update

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Corporate Update

Notification Of Major Holdings

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Notification Of Major Holdings

Corporate Update

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Corporate Update

Additional Retained Advisers

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Additional Retained Advisers

Additional Retained Advisers

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Additional Retained Advisers

SOP Looking To Fast-Track A Deal

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SOP Looking To Fast-Track A Deal

Director Dealing

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Director Dealing

SP Angel Broker Flash Note

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SP Angel Broker Flash Note

First Day of Dealings

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First Day of Dealings

NOTICE OF ADMISSION TO TRADING ON THE LONDON STOCK EXCHANGE

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NOTICE OF ADMISSION TO TRADING ON THE LONDON STOCK EXCHANGE

Replacement ‐ Publication of Prospectus

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Replacement ‐ Publication of Prospectus

Publication of Prospectus

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Publication of Prospectus

Library

Last updated 5th December 2018

Company Presentation

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Company Presentation

SPINNAKER CANNABIS Q&A

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SPINNAKER CANNABIS Q&A

Key Information Document

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Key Information Document

Proxy Form AGM 2018

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Proxy Form AGM 2018

Notice of AGM 2018

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Notice of AGM 2018

Spinnaker Opportunities PLC Final Accounts For Year Ended 31 December 2017

The NEX Exchange Interview

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The NEX Exchange Interview

Spinnaker spies energy opportunities

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Spinnaker spies energy opportunities

Why Cash Shells have Turned Their Back on AIM

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Why Cash Shells have Turned Their Back on AIM

Andy Morrison Interview with proactiveinvestors

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Andy Morrison Interview with proactiveinvestors

SP Angel Broker Flash Note

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SP Angel Broker Flash Note

Articles of Association

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Articles of Association

Company Presentation

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Company Presentation

Spinnaker Opportunities Prospectus

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Spinnaker Opportunities Prospectus

Contact Us

At the Company

email: Andy Morrison, Chairman

phone: +44 7980 878561

PETERHOUSE CAPITAL (FINANCIAL ADVISER & JOINT BROKER)

email: Guy Miller
email: Lucy Williams
email: Martin Lampshire (Sales)

phone: +44 20 7469 0930

Bishop & Sewell (Legal Advisers)

email: David Little, Partner

phone: +44 7968 027343

SI Capital (Joint Broker)

email: Greg Mahoney
email: Nick Emerson

phone: +44 1483 413500

Blytheweigh (Financial PR)

email: Julia Tilley

phone: +44 20 7138 3204



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