Majestic Corporation float on the ASQE Growth Market
March 2022
Majestic is a profitable business recycling precious and non-ferrous metals from obsolete mechanical and industrial material including catalytic convertors, printed circuit boards, legacy waste from electrical and electronic equipment (WEEE), and industrial metal residues left over from manufacturing. The metals extracted for recycling include gold, platinum, rhodium and palladium.
The company uses a network of partners to source, acquire, store, and process material and once the waste precious metal is ready it is supplied to refineries, in countries such as Japan, for reconstitution and resupply into the global supply chain.
Admission to Trading on the ASQE Growth Market
On 10th March 2022, admission and dealings commenced for the entire issued share capital of the Company to trading on the AQSE Growth Market.
Reason for the admission
The Directors believe that there is strong potential for growth in precious metal recycling and its positive environmental impact. To grow the business the Directors will seek to develop the business strategically using a mixture of cash generated from revenues, and where required, funding from the debt and equity capital markets.
The Directors also believe that the UK financial markets understand the importance of sustainability and recycling. A listing on AQSE will allow the Company to develop a public market presence and in due course will provide it with an opportunity to access funding from the UK capital markets to support further growth and expansion.
The Perivan shareholder communications team were delighted to work with Guild Financial Advisory who were appointed as AQSE Corporate Adviser to Majestic on the successful publication of the 69-page admission document.
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.
