Small Cap Wrap – Eddie Stobart Logistics, Amryt Pharma, World High Life and

23 Dec 2020

@HybridanLLP

*A corporate client of Hybridan LLP

Dish of the day

*Delighted to welcome One Heritage Group #IPO (OHG.L) to the Main Market today.
– Property development and management company focusing on the North West
– £18m total gross development value
– Looking to serve the rising demand in the residential market
– Successfully raised £930k @ 10p (market cap £3m).
– Use of proceeds to scale the business and facilitate completion of existing projects

Off the menu

No Leavers Today

What’s cooking in the IPO kitchen?

HSS Hire Group,HSS.L transfer from Main to Aim. Mkt Cap c. £70m. Recently raised £52.6m. Leading supplier of tool and equipment for hire in the United Kingdom and Ireland and has provided equipment hire services in the United Kingdom for more than 60 years, primarily focusing on the B2B market.  Due 14 Jan 2021.

Vector Capital to float on AIM, a commercial lending Group that offers secured loans primarily to businesses located in the UK. Substantially all of the Group’s loans are secured by a first legal charge against real estate. The Group’s customers typically borrow for general working capital purposes, bridging, land development and acquisition. As of 30 September 2020, the Group had a loan book of £34.7m, with an average loan size of approximately £0.57m. Raising £3.1m at 38p. Mkt Cap £16m.

Due 29th December. 

VH Global Sustainable Energy Opportunities plc, a closed-ended investment Company focused on making sustainable energy infrastructure investments, today announces intends to launch an initial public offering  of shares on the Official List (Premium) of the Main Market of the London Stock Exchange.  Due by Early Feb 2021.

Eddie Stobart Logistics () converting to an AIM investing company. Name change to Logistics Development Group. Focus sectors: logistics, transport, warehousing and e-fulfilment assets. £9m to be raised via a placing and subscription and up to £7m via open offer. Market cap c.£35.1m. Due New Years Eve.

Reverse take-over under rule 14 by MelodyVR () Group of Rhapsody International, trading as Napster.  Upon completion of the transaction, Napster will be a wholly-owned subsidiary of MelodyVR Group. The enlarged group will combine the service offerings of MelodyVR and Napster, offering music fans a consolidation of music artist’s repertoires including recorded music, short form video content, long form video content, digitally ticketed live streams, educational videos and immersive AR/VR content, into one premium subscription product. Raising $10.1m. Market cap £92.4m at 3.75p.

Due 29 December.

Banquet Buffet

Amryt Pharma 195p  £349m ()

The global, commercial-stage biopharmaceutical Company dedicated to developing and commercializing novel therapeutics to treat patients suffering from serious and life-threatening rare diseases announced that the U.S. Food and Drug Administration has granted orphan drug designation for AP103 for the treatment of Dystrophic Epidermolysis Bullosa (DEB).  AP103 is based on Amryt’s gene-therapy platform technology and offers a potential treatment for patients with DEB, a subset of EB.  

SEC Newgate 46p  £11.16m ()

The insight-driven global strategic communications group that works at the nexus of business, politics, communities, markets and media, has signed agreements to acquire a 60% shareholding in four tranches (15% per annum until 2024) in Orca Affairs GmbH in line with the Group’s Strategic Plan 2021/2023 and stated acquisition strategy. Orca Affairs, based in Berlin, has a strong track record in public and…