Intuitive Investments Group plc float on AIM
Intuitive Investments Group is a newly established investing company incorporated on 11 June 2020. The Board will seek to provide investors in the Company with exposure to a portfolio of investments concentrating on fast-growing and/or high potential Life Sciences businesses operating predominantly in the UK, continental Europe and the US. It is intended to use the Board’s experience and in particular that of the Chairman, David Evans, to seek to generate capital growth over the long term for Shareholders.
The Perivan shareholder communications team were delighted to work with Strand Hanson who were appointed Financial and Nominated Adviser to Intuitive on the successful publication of the 69-page admission document.
Admission to Trading on AIM
On 14th December 2020, admission and dealings commenced in the Ordinary Shares on AIM by way of an Issue of Placing of 39,250,000 Ordinary Shares at 20 pence per Share.
Reasons for Admission and use of proceeds
The Directors believe that Admission will enable the Company to generate value for its Shareholders by providing a liquid investment through which to benefit from the Company’s investment activities
The Company has raised net proceeds of approximately £7.46 million pursuant to the Placing, which are intended to be used to make investments in line with the Company’s investing policy and for on-going working capital purposes. It is currently expected that the net proceeds of the Placing will be substantially invested in accordance with the Company’s investing policy within 18 months of Admission.
Perivan specialise in the production and publication of financial documents relating to shareholder and investor communications for quoted companies, private companies and open and closed-ended funds.