A SMARTER WAY TO FUND GROWTH
Strong financing track record £10 million
in partnership with
February 2013
£10 million in partnership with
February2013
£5 million
£5 million
in partnership with
January 2013
in partnership with
November 2012
£5 million in partnership with
November 2012
£3 million
£10 million
£3 million
£10 million
£20 million
in partnership with
in partnership with
in partnership with
in partnership with
in partnership with
November 2012
Ocotber 2012
August 2012
August 2012
£10 million
£15 million
£10 million
£20 million
in partnership with
in partnership with
in partnership with
in partnership with
August 2012
June 2012
June 2012
May 2012
August 2012
£25 million November 2011
£25 million £5 million
£5 million
in partnership with
£5 million A Smarter Way to Fund Growth
July 2011
March 2011
October 2010
July 2010
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Equity Finance Facilities… put simply Surges in volume are difficult to predict and control, the EFF gives companies instant access to cheap capital at opportune times • The EFF is an innovative funding tool that all growth companies should have access to –
Long-standing agreement to sell new shares to Darwin at company’s discretion
• All companies have shareholder permissions to issue shares non pre-emptively –
Generally 5% - 15% of ordinary share capital for AIM companies
–
Provides flexibility to raise capital outside of existing shareholders
–
Management have a responsibility to use this judiciously and with minimal dilution
• All shares issued from the EFF have to come from existing non pre-emptive permissions
–
Provides an alternative route to accessing equity capital
–
Minimises dilution when issuing shares non pre-emptively
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What are the key benefits of a Darwin EFF? Henderson backing
Access to capital
Control
Monetising large volumes
Cost effective
• Institutional backing provides on-going financing comfort
• Provides alternative and long-term access to capital
• Complete control over amount, timings and floor price
• Can capture unexpected liquidity events
• Very low set up costs & draw down commission
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Disclaimer This document is issued by Darwin Strategic Limited (DSL). DSL is authorised and regulated by the Financial Services Authority (FSA). DSL is a majority owned subsidiary of Henderson Global Investors Alphagen Volantis Fund. This document is for information purposes only. No representation or warranty, either expressed or implied, is made, nor responsibility of any kind is accepted by DSL or any Henderson Global company, its directors, or employees, either as to the accuracy or completeness of any information stated in this document.
DSL shall not be liable for any direct or indirect damages, including lost profits arising in any way from the information contained in this material. This material is for the use of intended recipients only and only for distribution to professional clients i.e. persons who are authorised persons or exempted persons within the meaning of the Financial Services and Markets Act 2000 of the United Kingdom, or persons who have been categorised by DSL as professional clients under the rules of the FSA. This document is being supplied to you solely for your information and may not be reproduced, re-distributed or passed to any other person or published in whole or in part for any purpose. The material in this document is not intended for distribution or use outside the European Economic Area. This material is not directed at you if DSL is prohibited or restricted by any legislation or regulation in any jurisdiction from making it available to you.
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