Onward Opportunities float on AIM
March 2023
Onward Opportunities was incorporated with limited liability in Guernsey under the Companies Law on 31 January 2023 as a non-cellular (close-ended) company limited by shares. The Company’s investment objective is to generate returns for Shareholders through investments in equity and equity-related instruments of UK smaller companies that are predominantly listed or admitted to trading on markets operated by the London Stock Exchange. Returns are expected to be principally derived from capital growth over a target three to five-year holding period with an appropriate diversification of investment risk.
The Company has an independent Board of non-executive Directors. It has engaged FundRock Management Company (Guernsey) Limited (the “AIFM”) as the alternative investment fund manager to provide portfolio and risk management services.
The AIFM has formally delegated portfolio management functions to Dowgate Wealth Limited (the “Portfolio Manager”) as Portfolio Manager to the Company and the AIFM. The AIFM will retain risk management functions in relation to the Company and will be responsible for oversight of the portfolio management functions delegated to the Portfolio Manager. The Portfolio Manager has deep experience of investing in the UK smaller companies sector.
The Board and the Portfolio Manager believe that a structural market opportunity exists in the UK smaller companies sector which can be exploited through the deep industry experience of the Portfolio Manager. The Board and the Portfolio Manager consider that implementing an active investment approach to investment identification and position management can lead to increased returns by targeting these inefficiencies.
Admission to Trading on AIM
On 30th March 2023, admission and dealings on AIM commenced by way of a Placing of 12,750,000 Ordinary Shares at 100 pence per Ordinary Share.
The Perivan shareholder communications team was delighted to work with Cenkos Securities who was appointed as Nominated Adviser and Joint Broker to Onward Opportunities on the successful production and publication of the 99-page admission document.
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Perivan is the market leader for IPO admission document production and specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.
