All Things Considered Group plc (ACT) is an AQSE listed company founded in 1996. It was initially formed as a boutique ticketing and marketing business. The company then expanded beyond those areas to become focused on the management of music artists before expanding into other complementary music industry areas over the last few years.
The Group’s growth has accelerated in recent years with a substantial increase in revenue. In addition, the business in the USA has expanded and new offerings including Driift, have been developed.
The Group is headquartered in London, with offices in Los Angeles, New York and Copenhagen. ATC Group Plc is led by an experienced management team who have operated across multiple music industry sectors. The Group’s established, long-standing client base, combined with innovative new offerings, give the Directors confidence that the Group is well positioned to capitalise on the opportunities emerging from a disrupted music industry.
Placing and Subscription
The fundraising was completed via a Placing and Subscription of 4,518,915 New Ordinary Shares at 92.5 pence per Ordinary Share.
The net proceeds from the Fundraise will be used primarily to acquire a 60 per cent. holding in Sandbag Limited.
Sandbag is a full-service merchandise company for an initial consideration of £2.42 million. The net proceeds from the Fundraise will also provide capital for future accretive opportunities identified across ATC’s Live Events and Experience divisions and provide balance sheet strength.
Application will be made for the New Ordinary Shares to be admitted to trading on the AQSE Growth Market. It is expected that Admission will take place at 8.00 a.m. on or around 19 July 2023.
The Perivan shareholder communications team was delighted to work with Panmure Gordon who acted as AQSE Corporate Adviser and Broker to ACT on the production and posting of the shareholder documentation.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.