Cabot Square Alternatives plc Share Offer
This offer is closed for applications through interactive investor
Cabot Square Alternatives plc (ALTS), a new closed-ended UK investment company to be listed on the Main Market of the London Stock Exchange, has released a prospectus in relation to an initial public offering of Ordinary Shares.
ALTS will aim to provide a new model for investors to access returns from the alternatives sector so as to generate an attractive level of sustainable dividend income alongside capital appreciation over the long term.
The Company is seeking to raise £200 million, by way of a initial placing, offer for subscription and intermediaries offer. Interactive Investor Services Limited was appointed as an intermediary in connection with the intermediaries offer.
Key information
| Issue price per share: | £1.00 |
| Minimum investment: | £100 (multiples of £1 thereafter) |
| Stock ticker: | ALTS |
| SEDOL: | BJ0LR71 |
Expected timetable
| Offer open: | 27 January 2020 |
| Offer close: | 12 February 2020 (3pm) |
| Result announced: | 14 February 2020* |
| Unconditional dealing starts: | 18 February 2020 (8am)* |
* On 14 February the Company announced the timetable will be extended and an updated timetable will be published in due course. Read more.
Offer price and allocation policy
- The Issue Price has been set at £1.00 per Ordinary Share.
- Allocation of shares will be at the absolute discretion of the Company. We will be required to apply the allocation policy to each customer who subscribes for shares. This may include a scale-back, which could result in you receiving less shares or no shares at all.
- Following the announcement of the allocation policy we will complete the settlement, allocate the shares (if your application was successful) and (in the case of scale-back) refund any cash to your account.
Offer period
- The Offer Period for the Cabot Square Alternatives plc share offer closed at 3pm on Wednesday 12 February 2020.
- On Friday 14 February 2020 the Company announced the timetable for the IPO will be extended and an updated timetable will be published in due course.
Trading starts
- When admitted to trading, the Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BJ0LR71 and trade under the symbol "ALTS".
- If you buy or sell Cabot Square Alternatives plc Ordinary Shares after admission the relevant share dealing rate will apply.
Offer documents
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.
Interactive Investor Services Limited uses the ALTS Prospectus in accordance with the Company's consent and the conditions set out in the ALTS Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"Cabot Square Alternatives plc" and the Cabot Square Alternatives plc logo are registered trademarks of Cabot Square Alternatives plc. Reproduced by kind permission of Cabot Square Alternatives plc. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of Exchange Court, Duncombe Street, Leeds, LS1 4AX, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.