TIDMTRA
RNS Number : 3635S
Tertre Rouge Assets PLC
13 July 2022
Tertre Rouge Assets PLC
("TRA" or the "Company")
Admission to the Official List and first day of dealings
Tertre Rouge Assets PLC, which has been established as a special
purpose acquisition company to seek and acquire assets and/or
businesses that are in or otherwise focused on or ancillary to the
collectible automobile sector, is pleased to announce that its
ordinary shares of GBP0.04 each (the "Ordinary Shares") have been
admitted to the Standard Segment of the Official List and to
trading on the Main Market of the London Stock Exchange
("Admission"). The Company raised gross proceeds of GBP1,170,000
before expenses at a price per Ordinary Share of GBP0.50.
First dealings in the Ordinary Shares commenced at 8:00 a.m.
today under the ticker symbol TRA.
On Admission, the Company will have 5,100,000 Ordinary Shares in
issue.
Company highlights:
TRA has been established as a special purpose acquisition
company for the purpose of acquiring a company, business or
asset(s) that are in or otherwise focused on or ancillary to the
collectible automobile sector (which could include physical
automobile assets and/or companies, businesses or assets with
technology and/or services relevant to the collectible automobile
sector).
The Company intends to utilise the substantial experience of its
directors, and their respective networks and relationships, to
undertake an acquisition of a controlling interest in a company or
business.
The Company's directors believe that, through aggregation and
economies of scale which can be generated (e.g. the savings
applicable to insurance and storage costs), there is a significant
investment opportunity to be garnered which, by the nature of
collectible automobile assets, cannot be accessed by a large number
of investors ordinarily but can be via the capital markets.
Further, the ability to finance the Company, and its asset base,
via the capital markets would allow the Company to diversify more
fully throughout the sector.
In September 2020, Sports Car Digest reported the UK 'classic
car market' appeared to be unaffected by the COVID-19 pandemic, as
revealed by the UK Hagerty Price Guide. The guide tracked more than
40,000 classic car values with a total worth of GBP570 million. The
data highlighted a noteworthy increase of market activity,
especially when compared to 2019. In February 2021, The New York
Times reported that rather than back away from classic automobiles
because of COVID-19, "buyers flocked to them, sometimes in stunning
numbers".
The directors intend to build the first publicly traded global
consolidator focused on the collectible motorcar and motorcycle
sector, and believe that the nature of the sector, which is highly
fragmented, is ripe for consolidation.
Directors:
The board currently comprises five directors, who collectively
have extensive experience and a proven track record in operating
publicly quoted companies, investment, business acquisition,
operation and development in the collectible automobile sector and
are well placed to implement the Company's business objective and
strategy.
Steven Schapera, Non-Executive Chairman and Co-Founder
Steven Schapera is the CEO of Integrated Wellness Acquisition
Corp., a SPAC (otherwise known as a 'blank check company' in the
United States) which completed a US$115 million IPO and listing on
the New York Stock Exchange in December 2021. He also serves on the
Board of Berlin-based Invincible Brands GmbH, an
influencer-marketing incubator, and is the Chairman of BECCA
Holdings, the original investment entity behind the BECCA cosmetics
brand which he co-founded in 2001, and which was subsequently sold
to Estée Lauder in 2016 for approximately US$230 million. Steven
also serves as Chairman of SIMRIS ALG AB, whose shares are traded
on the Nasdaq Nordic.
André Ahrlé, Chief Executive Officer and Co-Founder
In 1986, André Ahrlé founded Special Security Services in Bonn,
Germany, focusing on the global entertainment and touring space,
managing artist protection and event security. The company has
become a leader in artist and touring industry security
assignments. In 2003, it established a branch in the United States
focused on international corporate security matters, designing
complex security and safety structures for leading companies in the
technology sector. In 1991, André was spotted by Mercedes-Benz
Motorsport during a security driver-training course. He was
recruited to Porsche GT racing in 1992. After driving for three
years in the Porsche Carrera Cup, Porsche Supercup and endurance
races internationally, André signed with Larbre Compétition, a
Porsche Team competing in the FIA GT Championship. He enjoyed
multiple podium finishes, including a podium victory at the 24H Le
Mans and winning the Daytona USA 24H in 1997 and 1999. He retired
from his professional racing career in 2002.
Mika Häkkinen, Non-Executive Director
Mika Häkkinen is a Finnish former professional racing driver. He
was the 1998 and 1999 Formula One World Champion. He is one of
three Formula One drivers from Finland to win the World
Championship and is the only Finnish driver in history to win it on
multiple occasions. Mika currently works in driver management and
is a brand ambassador for various companies. He is himself a keen
investor in collectible automobiles and has an enviable collection
of modern McLaren GT supercars. Mika has gained significant
experience over the years acting as a brand ambassador for various
companies affiliated with the world of motorsport, including
Diageo, McLaren, Mercedes-Benz and UBS.
David Coulthard MBE, Non-Executive Director
David Coulthard is a British former professional racing driver,
later turned presenter, commentator, and journalist. He competed in
15 seasons of Formula One between 1994 and 2008, taking 13 Grand
Prix victories and 62 podium finishes. He was runner-up in the 2001
championship. In 2019, David became Non-Executive Chairman of W
Series, the world's first professional all-women single seater
racing series and was elected president of the British Racing
Drivers' Club (owner of Silverstone Circuit). In 2007, he published
his autobiography 'It Is What It Is' and in 2018 his second book
'The Winning Formula' made The Sunday Times Best Seller list in the
UK. He is the co-founder and director of Velocity Experience, a
brand experience agency, and Whisper Films, a fast-growing TV
production company.
Allan McNish, Non-Executive Director
Allan McNish is a British former professional racing driver. He
is a three-time winner of the 24 Hours of Le Mans, three-time
winner of the American Le Mans Series, four-time winner of the
Sebring 12 Hours and 2013 FIA World Endurance Champion. After
ending his active racing career, Allan became a global Ambassador
for Audi and Saint Gobain Group alongside his TV presenter and
commentary roles for the BBC. From 2015 he has been the Director
co-ordinating Audi Group motorsport and in charge of preparing
Audi's official entry into the FIA Formula E all-electric racing
series before becoming Team Principal and taking Audi to the Teams'
Championship Title in their first season.
A copy of the Company's prospectus is available on its website
at https://tertrerougeassets.com/ .
For further information, please contact:
Steven Schapera
Non-Executive Chairman & Co-Founder
T: +44 (0)7917 715533
E: steven@tertrerougeassets.com
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END
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(END) Dow Jones Newswires
July 13, 2022 07:21 ET (11:21 GMT)
Tertre Rouge Assets (LSE:TRA)
過去 株価チャート
から 11 2024 まで 12 2024
Tertre Rouge Assets (LSE:TRA)
過去 株価チャート
から 12 2023 まで 12 2024
