High Road for PLUS

High Road Capital (HRC) has floated on PLUS Markets. The investment vehicle raised £418,150 by placing about 41.8 million shares at 1p each.


High Road Capital (HRC) has floated on PLUS Markets. The investment vehicle raised £418,150 by placing about 41.8 million shares at 1p each.

High Road Capital (HRC) has floated on PLUS Markets. The investment vehicle raised £418,150 by placing about 41.8 million shares at 1p each.

HRC now has some 71.8 million shares in issue. It is led by chairman Adam Wilson and non-executive director Gavin Burnell, who owns a 4.17 per cent stake in the company.

Sunvest Corporation holds a 29.9 per cent stake in HRC, comprising 21.5 million shares. Hichens, Harrison (Ventures), which owns a 23.6 per cent stake, is owned by Wilson. Burnell has an 11.5 per cent stake in Ruegg & Co, which owns 4 million shares in HRC and is the company’s corporate adviser.

London-based HRC will focus on the financial sector in the UK and the renewable energy sector worldwide. The company is also looking to make a reverse takeover.

HRC had total assets worth £50,000 and equity of £50,000 as at 24 January 2007.

The company’s market makers are Winterflood Securities and KBC Peel Hunt.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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