Webb Capital plc, the PLUS Markets quoted financial services group announces that today, the 23 November 2010 the following share purchase took place in the market at a price of 20 pence per share:
Peter Webb acquired 20,000 shares taking his aggregate holding to 2,043,400 representing 26.9 per cent of the shares in issue.
The Directors of the Issuer accept responsibility for this announcement.
Webb Capital plc, the PLUS Markets quoted financial services group announces that yesterday, the 17 November 2010 the following share purchases took place in the market at a price of 20 pence per share.
Peter Webb acquired 13,400 shares taking his aggregate holding to 2,023,400 representing 26.6 per cent of the shares in issue.
Chris Marsh acquired 13,300 shares taking his aggregate holding to 153,300 representing 2.0 per cent of the shares in issue.
David Weir acquired 13,300 shares taking his aggregate holding to 179,996 representing 2.4 per cent of the shares in issue.
In addition an additional 240,000 share options at an exercise price of 25 pence per share were issued on the same day.
The Directors of the Issuer accept responsibility for this announcement.
Webb Capital plc, the PLUS Markets quoted financial services group, announces that following the previously announced acquisition of Chatsford Corporate Finance Limited ('Chatsford') and the receipt of FSA permission to undertake Fund Management the Company is now streamlining its activities.
With immediate effect, Chatsford will change its name to Webb Capital Advisory Limited which will undertake the Company's corporate finance and advisory business.
The Company's fund management activities will be undertaken through Webb Capital Asset Management Limited (WCAM), which has changed its name from Webb Capital Advisory Limited.
In addition the Company is pleased to announce that it has completed its first significant corporate finance transaction. It advised on the management buy-out of the UK division of a significant USA based Telecommunications group. The buy-out was backed by Bob Morton's investment vehicle Hawk Investments.
Commenting on this approval Chief Executive Peter Webb said:
"I believe that we now have in place both the structure and the people necessary to fulfil our strategy of becoming the foremost adviser to entrepreneurs, managers and investors in the SME market.
The completion of our first significant transaction in association with Bob Morton, who is also a shareholder in our Company, is particularly encouraging and I am pleased to announce that we are actively working on a number of other engagements."
The Directors of the Issuer accept responsibility for this announcement.
The Company is pleased to announce its results for the six months
ended 30 June 2010.
Chairman’s Statement
I am delighted to present the results for the six months ended 30 June 2010.
This period has been marked by the establishment of necessary foundations for
future growth.
In the six month period the Company recorded a loss before tax of £328,001 (2009:
loss £67,165) on turnover of £2,500 (2009: nil).
These losses include very significant legal and professional costs associated with
the reorganisation of the Group, our change of name, the acquisition of KHI partners
and our applications for authorisations from the Financial Services Authority.
Now that our re-organisation is nearly complete, and given that we have now received the
required FSA Authorisations, I would not anticipate such a heavy cost moving forward.
No dividend is recommended.
In the first six months the Company established its new offices in Bow House and
successfully recruited experienced consultants in both Corporate Finance and Fund
Management. Through a series of share placings with the Company’s Directors, Consultants
and a number of High Net Worth individuals we brought in the additional capital required to
finance the Company’s future growth plans.
The acquisition of KHI Partners Limited brought with it our FSA authorisation in Corporate Advisory. Subsequent to the period end, the Company completed the acquisition of Chatsford Corporate Finance, thus giving the Company status as PLUS corporate advisors. The Company has also recently received FSA Fund Management authorisation. The Company’s Corporate Finance activities are now being relocated to new premises, adjacent to Bow House, in order to meet requirements for the separation of the Company’s two regulated activities.
The Company is currently working on its first corporate advisory engagements and is making progress on its plans for the launch of new funds. We are also working closely with Plus Markets Group to encourage growth companies to consider quotation on Plus Markets as market conditions improve.
Overall I believe the foundations that have been laid over the last nine months will serve the Company and Shareholders well for the future.
Chris Marsh
Chairman
The Directors of the Issuer accept responsibility for this announcement.
Webb Capital plc, the PLUS Markets quoted financial services group,
announces that it has today received notification from the Financial Services Authority
("FSA") that the Company’s application for its wholly owned subsidiary, Webb Capital
Advisory Limited ("WCA"), to provide Fund Management Services has been approved.
Commenting on this approval Chief Executive Peter Webb said:
"I am delighted that we have received the FSA approval to provide fund management services
alongside our existing corporate advisory permission.
This provides the opportunity for Webb Capital to launch new funds in the SME sector,
a market place that is clearly in need of new ideas. Stephen Hazell-Smith, Consultant
to WCA, and I have been working with Webb Capital’s advisers on ideas for new funds and
this permission now allows us to pursue these opportunities."
The Directors of the Issuer accept responsibility for this announcement.
Webb Capital plc, the PLUS Markets quoted financial
services group, announces that it has today completed the acquisition of
100 per cent of the issued share capital of Chatsford.
Chatsford is a corporate and investment advisory firm focussing on small to medium
sized companies; both quoted and unquoted. Chatsford is a Plus Markets Corporate Advisor.
As part of the transaction Chatsford founders Martin Perrin and John Shaw together
with Jeffrey Lawrence have agreed new consultancy arrangements and Chatsford’s existing
relationship with Lennox Partners will continue.
The total consideration for the acquisition is £64,000 which has been settled as to
£12,800 in cash and £51,200 in shares by the issue of 204,800 ordinary shares of 10
pence credited as fully paid at an issue price of 25 pence per share.
Following the issue of these shares the Company has 7,593,551 Ordinary shares of 10p
each in issue.
The Directors of the Issuer accept responsibility for this announcement.
Webb Capital plc, the PLUS Markets quoted financial services group,
announces that it has sent notice to shareholders of the Annual General meeting
to be held at 2.30pm on Wednesday 15 September at the offices of Nabarro LLP,
Lacon House 84 Theobald’s Road London WC1X 8RW.
A copy of the audited Report and Accounts has also been sent to shareholders.
Copies of the Report and Accounts, Notice of Meeting and Proxy form are available for
download below.
The Directors of the Issuer accept responsibility for this announcement.
Webb Capital plc, the PLUS Markets quoted financial services group, is
pleased to present the results for the year ended 31 December 2009, a year which marks
a significant change in the Company’s activities and fortunes.
The Directors of the Issuer accept responsibility for this announcement.
The Proxy Form for the Annual General Meeting is available for download below.
Webb Capital plc, the PLUS Markets quoted financial services
group, announces that it has today acquired, subject to FSA regulatory
approval, 100 per cent of the issued share capital of Chatsford.
Chatsford is an independent corporate and investment advisory firm focussing
on small to medium sized companies; both quoted and unquoted, with a commitment
to help them achieve their goals. Chatsford is a Plus Markets Corporate
Advisor.
In the year ended 31 March 2010 Chatsford recorded a loss of £3,500 on
turnover of £25,700 and at that date had net tangible assets of £51,200.
As part of the transaction Chatsford founders Martin Perrin and John Shaw together
with their partner Jeffrey Lawrence have agreed new consultancy arrangements
and Chatsford’s appointed representatives Lennox Partners will continue their
existing relationship with the company.
The total consideration is £64,000 to be settled as to £12,800 in cash and
£51,200 in shares by the issue of 204,800 ordinary shares of 10 pence
credited as fully paid at an issue price of 25 pence per share.
Application has been made to the Financial Services Authority for change
of control permission.
Commenting on the acquisition Webb Capital CEO Peter Webb said:
‘I have been very keen to see Webb Capital achieve Plus Markets Corporate Advisor
status as soon as possible as I believe we have a significant opportunity to
assist companies within this market. The opportunity to acquire Chatsford and
thereby speed-up that process allied to recruiting three seasoned corporate
finance professionals is a sensible move for the Company. My ambition is to see
Webb Capital quickly become one of the leading advisors on PLUS Markets.‘
The Directors of the Issuer accept responsibility for this announcement.