The Company is a newly formed entity with no operating results and was established to seek acquisition opportunities in the fintech sector.
The Company was incorporated as a public company limited by shares under the laws of Jersey on 17 June 2016. The Company has never traded and, save as set out in this document, has not entered into any significant transactions or financial commitments.
Together, the Directors have many years of business experience of operating in the financial services industry, particularly in the areas of acquisitions, corporate and financial management, capital markets and trading and they have established a network of contacts internationally within the sector. The Company will utilise independent third parties to provide expert advice where necessary.
Company objective and business strategy
The Fintech Sector
The Company has been established to make an acquisition of a target company or businesses in the fintech sector.
Business strategy – acquisitions
The Company has received a number of enquiries from potential target companies and the Board are in the process of reviewing these. The Board believes that the identification of a target company and the due diligence to be undertaken before making an offer can be made is likely to take time, although the Board remains hopeful of being able to conclude a suitable acquisition during the current financial period, ending 31 December 2017.
The acquisition strategy of the Company will be focused towards identification and acquisition of companies or business operating in the Fintech sector and can be summarised as follows:
The Company will however consider opportunities that do not satisfy all the above criteria.