20 February 2023
Marechale Capital plc
("Marechale" or the "Company")
Realisation of Investment
The Directors of Marechale Capital plc (AIM: MAC) announce that the Company has
received proceeds of £218,000 for the sale of shares held in Future Biogas
Group Ltd ("FBG"), following the acquisition of FBG by 3i Infrastructure plc on
15 February 2023. The shares sold in FBG included shares that were originally
acquired in 2010-11 for £11,600 and shares issued to the Company by FBG in
exchange for warrants granted to the Company as a result of its advice and
assistance in fundraising.
The realisation of this investment is an example of the fulfilment of the
Company's strategy to have equity in its growth company clients, as part of its
corporate finance fees.
The Company's investments are held according to IFRS 9 at 'fair value' and any
profits and/or losses recognised through the Profit and Loss Account. While the
Company will record a small loss from the sale of the shares in the current
financial year, over the 12 years since the initial investments in FBG,
Marechale has recorded total net gains of £206,000. The proceeds of the sale
have been received in full, in cash and will help provide working capital for
the group as the markets remain challenging for fundraising, as was reported on
in the Company's half-yearly results announced on 2 December 2022.
This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014.
For further information please contact:
Marechale Capital plc Tel: +44 (0)20 7628 5582
Mark Warde-Norbury / Patrick Booth-Clibborn
Cairn Financial Advisers LLP (Nomad) Tel: +44 (0)20 7213 0880
Jo Turner / Sandy Jamieson
BlytheRay (Financial PR) Tel: + 44 (0)78 7574 4070
Tim Blythe / Megan Ray marechalecapital@blytheray.com
About Marechale Capital
Marechale is an established City of London based corporate finance house, with
a long-term track record and a strong reputation in advising & financing high
growth consumer brands, leisure, clean energy, and technology companies. The
Company uses its balance sheet to co-invest in its client companies, along with
warrants and founder equity, in order to create shareholder value.MAC.L
Marechale Capital Plc
Marechale Capital Plc - Realisation of Investment
20th February 2023, 07:00
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