Ripley94
29 Sep 2018
IPO..LATE DECEMBER 2016 DERR… Consolidation here 1 for 10 so my buy price was now 125p . And name change to S4 capital . News Friday it started trading and was down 3% @
Ripley94
15 Jun 2018
IPO..LATE DECEMBER 2016 DERR… XXXXX They raised @ 10p Dec 16. Bought 6 months later @ 12.5 ?? Martin Sorrell - S4 Capital … TW thinks a larger placing on way he thinks around 12p
IOMINVESTCOM
31 May 2018
Sorrell comes back with absolute power Sorrell comes back with absolute power at new venture.Sir Martin Sorrell will have control of board appointments and deals in his new venture, giving him more power than he held at WPP before his controversial departure.The veteran advertising executive stunned the market yesterday with plans to launch a rapid return only six weeks after he resigned from WPP in the wake of an investigation into allegations of personal misconduct and abuse of company assets, which he denies.Sir Martin, 73, has put £40 million of his wealth into S4 Capital, incorporated in Jersey on May 22, and raised £11 million from investors, including existing WPP shareholders, such as Schroders.The venture is set to be launched through a reverse takeover by Derriston Capital, a cash shell listed on the stock market in…[link]
Ripley94
30 May 2018
Re: IPO..LATE DECEMBER 2016 Ex WPP boss Sorrell... executive chairman .Suspended to acquire S4 capital .
TX2
30 May 2018
Re: Martin Sorrell appointed chairman Interesting if available around new subscription price.....
IOMINVESTCOM
30 May 2018
Re: Martin Sorrell appointed chairman 30 May 2018DERRISTON CAPITAL PLC("Derriston" or the "Company"
Proposed Acquisition of S(4) Capital, Sir Martin Sorrell's investment vehicleNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM) OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTIONThe Board of Derriston has reached agreement on the terms of a transaction to acquire S(4) Capital Limited ("S(4) Capital", a newly incorporated company that has recently completed a GBP51 million equity fundraising.The transaction with S4 Capital constitutes a reverse takeover under the Listing Rules and as a result the Company has requested a suspension of listing of its shares.Highlights
erriston announces proposals for:-- The conditional acquisition of S(4) Capital, a newly incorporated company which has recently completed a GBP51 million equity fund raise, of which Sir Martin Sorrell contributed GBP40 million with the balance of the funds coming from institutional and other investors.-- S(4) Capital has received substantial non-binding letters of support from a number of its institutional investors indicating that they would, in principle, be willing to provide over GBP150 million of further equity funding to support S(4) Capital's acquisition plans.-- The appointment of Sir Martin Sorrell (as Executive Chairman) and Paul Roy and Rupert Faure Walker as non-executive Directors on Completion (subject, in the case of Paul Roy, to his receiving required consents).-- A new corporate strategy to build a multi-national communication services business, initially by acquisitions. -- The acquisition of S(4) Capital will result in the issue of 591,967,000 New Ordinary Shares. -- Changing the name of the Company to S(4) Capital plc. Sir Martin Sorrell, Executive Chairman of S(4) Capital, said: "S(4) Capital is a company that aims to build a multi-national communication services business focused on growth. There are significant opportunities for development in technology, data and content. I look forward to making this happen."This announcement contains inside information.Enquiries: Derriston Capital plc Harry Hyman (Non-executive chairman) Via Walbrook Dowgate Capital Stockbrokers Limited Tel: 020 3903 7715 (corporate broker and adviser to Derriston and to S(4) Capital) James Serjeant / David Poutney Walbrook PR Limited Tel: 020 7933 8780 or [email protected] Paul McManus / Nick Rome Mob: 07980 541 893 / 07748 325 236 DisclaimerDowgate Capital Stockbrokers Limited which is authorised and regulated in the United Kingdom by the Financial Conduct Authority is acting for Derriston Capital plc and S(4) Capital Limited in connection with the proposals set out in this Announcement and for no one else and will not be responsible to anyone other than Derriston Capital plc and S(4) Capital Limited for providing the protections afforded to their clients or for providing advice in relation to this announcement or any matters referred to herein.This announcement is an advertisement and not a prospectus and does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, the securities referred to in this announcement to any person in any jurisdiction, including the United States, Australia, Canada, Japan, the Republic of South Africa, or any member state of the EEA.The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement o
IOMINVESTCOM
30 May 2018
Martin Sorrell appointed chairman The Times: Martin Sorrell is set to return to the London stock market after being appointed executive chairman of a listed cash shell called Derriston Capital, with the intention of using it as a vehicle to create a new marketing services group
IOMINVESTCOM
26 Jan 2018
Final Results - Extending search Because of the poor iii service with no news I have posted from other sourcesERRISTON CAPITAL PLC("Derriston" or the "Company"Final results for the period ended 31 December 2017Notice of Annual General MeetingDerriston Capital plc (LSE: DERR) announces its audited financial results for the period ended 31 December 2017 and its Annual General Meeting ("AGM" to be held on 20 February 2018.Copies of the 2017 Financial Statements and notice of the AGM ("AGM Notice" are today being posted to shareholders. The AGM will be held on 10.30am on 20 February 2018 at the offices of Locke Lord (UK) LLP at 201 Bishopsgate, London EC2M 3AB.Period highlights-- On 29 December 2016, the Company was admitted to the standard segment of the Official List and to trading on the London Stock Exchange's Main Market -- Raised GBP2.33 million cash (gross) through the listing of 25,000,000 new ordinary shares -- Change in strategy from investing in medtech to seeking acquisitions within all technology and other high growth sectors.Post period highlight-- Directors are seeking shareholder approval at the AGM to continue the Company's acquisition strategy for a further 12 monthsCopies of the 2017 Financial Statements and the AGM Notice are available on the Company's website: www.derristoncapital.co.ukHarry Hyman, Chairman of Derriston said: "Derriston considered a large number of deals during 2017 but none of them reached the standards we require. As a result of this, we changed and extended the mandate to consider investments across all technology and high growth sectors."We have made good progress over recent months with a shortlist of acquisition opportunities and we look forward to discussing with shareholders at the appropriate time. The board is therefore seeking approval to allow Derriston another year to acquire a suitable opportunity that will deliver significant shareholder value. I am very hopeful we will finalise a deal in the next twelve months and look forward to keeping shareholders informed of the exciting deals we are considering."The board continues to be diligent with costs, preserving shareholder funds. We have successfully managed to both source deals and conduct our due diligence at minimal expense. During the year administrative cost totalled GBP168,185, over GBP132,000 of which were costs of the flotation, and majority of the balance of costs through the year being stock exchange listing fees. Having raised GBP2.33m (gross) in December 2016, the Company has net cash of GBP2.16m as at 31 December 2017."For information please contact: Walbrook PR Ltd Tel: 020 7933 8780 Paul McManus DERRISTON CAPITAL PLCFinal results for the period ended 31 December 2017Chairman's StatementINTRODUCTIONI am pleased to present the financial results for the period ended 31 December 2017. Derriston floated on the London Stock Exchange on 29 December 2016. The Company was created to undertake an acquisition within the medical technology industry.BUSINESS REVIEWDuring this period, Derriston recorded a loss of GBP156,009 and the loss per share was 0.7p. This reflects the costs of the formation of the Company and its admission to the London Stock Exchange. The Company held cash reserves at the period end of GBP2.17m with no debt financing.FUTURE DEVELOPMENTSGiven the large number of exciting opportunities we are analysing, the board announced in the interim report that Derriston's investment scope has been widened to consider acquisitions within all technology and other high growth sectors.Since then we have looked at a number of these opportunities and significant progress has been made. I hope to be able to announce Derriston's first investment in the next twelve months.Harry HymanChairman
jarfurrank
05 Jan 2018
Re: Signs of life - a lift to SP Could get interesting. I understood they were looking to identify / acquire suitable businesses within 6 month of the float and its now well beyond that.Have continued to monitor their declining SP and I'm undecided whether the recent trades are investors cutting their losses on this latest rise.Will continue to monitor as its the type of investment I'm interested in.
IOMINVESTCOM
03 Jan 2018
Signs of life - a lift to SP On the move today breaking downtrend.atb
Ripley94
13 Jun 2017
Re: IPO..LATE DECEMBER 2016 First buy today limit on last few weeks...... lifted 12.5p
IOMINVESTCOM
26 May 2017
Started a small position Interesting team being built and put together. Will be interesting if we hear soon on any reverse takeover as in the prospectus the plan was within 3-6 months from the December listing.Expecting to add to this when any purchase is made by the company.atb
IOMINVESTCOM
04 Mar 2017
Float News related [link]
Andinvestor
14 Feb 2017
Buy Any other buyers out there ?Could be an interesting ride this one.
Ripley94
22 Jan 2017
IPO..LATE DECEMBER 2016 Nigel Wray involvement ( TW Pal )Shows 10% spread but might be 5%..
