Investment Strategy
The Company will seek to identify ways to create value for Shareholders through acquisitions or investments within the leisure industry and in particular in areas where its expertise in payment systems and card technology can be maximised. The principal features of the proposed investing policy are summarised below:
- the Directors may choose to modify or amend the investing policy, either generally or in relation to any particular investment, but may not do so in a manner that would materially change the overall objective and risk profile of the existing investing policy;
- the Directors will adopt a strategy of seeking suitable acquisition and investment opportunities within the leisure industry by means of their connections and their expertise in identifying and conducting such acquisitions and may also engage advisers and intermediaries to source suitable opportunities;
- investment and acquisitions carried out by the Company are likely to involve the acquisition of substantial interests in the business and assets that are to be acquired, combined with the introduction of new directors who will have executive responsibility for the management of those businesses and assets. Investments of this kind are likely to be held for the long term with a view to development and capital growth;
- it is likely that the Company will make a single substantial acquisition or a series of acquisitions of businesses and assets that are to be combined within a single grouping;
- in making acquisitions and investments, the Directors anticipate issuing new Ordinary Shares in exchange for the acquisition of shares, businesses and assets; and
- the Directors would not contemplate investments or acquisitions that carry a high degree ofcontingent risk or liability that may be capable of imposing financial obligations upon the Company that it could not reasonably expect to meet. The Directors would also not entertain investments or acquisitions that would cause the Company to cease to be admitted to AIM or listed on any comparable securities exchange.
The Company will seek to identify ways to create value for Shareholders through acquisitions or
investments within the leisure industry and in particular in areas where its expertise in payment systems
and card technology can be maximised. The principal features of the proposed investing policy are
summarised below:
• the Directors may choose to modify or amend the investing policy, either generally or in relation
to any particular investment, but may not do so in a manner that would materially change the
overall objective and risk profile of the existing investing policy;
• the Directors will adopt a strategy of seeking suitable acquisition and investment opportunities
within the leisure industry by means of their connections and their expertise in identifying and
conducting such acquisitions and may also engage advisers and intermediaries to source
suitable opportunities;
• investment and acquisitions carried out by the Company are likely to involve the acquisition of
substantial interests in the business and assets that are to be acquired, combined with the
introduction of new directors who will have executive responsibility for the management of those
businesses and assets. Investments of this kind are likely to be held for the long term with a view
to development and capital growth;
• it is likely that the Company will make a single substantial acquisition or a series of acquisitions
of businesses and assets that are to be combined within a single grouping;
• in making acquisitions and investments, the Directors anticipate issuing new Ordinary Shares in
exchange for the acquisition of shares, businesses and assets; and
• the Directors would not contemplate investments or acquisitions that carry a high degree of
contingent risk or liability that may be capable of imposing financial obligations upon the
Company that it could not reasonably expect to meet. The Directors would also not entertain
investments or acquisitions that would cause the Company to cease to be admitted to AIM or
listed on any comparable securities exchange.
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investments within the leisure industry and in particular in areas where its expertise in payment systems
and card technology can be maximised. The principal features of the proposed investing policy are
summarised below:
• the Directors may choose to modify or amend the investing policy, either generally or in relation
to any particular investment, but may not do so in a manner that would materially change the
overall objective and risk profile of the existing investing policy;
• the Directors will adopt a strategy of seeking suitable acquisition and investment opportunities
within the leisure industry by means of their connections and their expertise in identifying and
conducting such acquisitions and may also engage advisers and intermediaries to source
suitable opportunities;
• investment and acquisitions carried out by the Company are likely to involve the acquisition of
substantial interests in the business and assets that are to be acquired, combined with the
introduction of new directors who will have executive responsibility for the management of those
businesses and assets. Investments of this kind are likely to be held for the long term with a view
to development and capital growth;
• it is likely that the Company will make a single substantial acquisition or a series of acquisitions
of businesses and assets that are to be combined within a single grouping;
• in making acquisitions and investments, the Directors anticipate issuing new Ordinary Shares in
exchange for the acquisition of shares, businesses and assets; and
• the Directors would not contemplate investments or acquisitions that carry a high degree of
contingent risk or liability that may be capable of imposing financial obligations upon the
Company that it could not reasonably expect to meet. The Directors would also not entertain
investments or acquisitions that would cause the Company to cease to be admitted to AIM or
listed on any comparable securities exchange.
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