PRESS RELEASE

Monday 23rd April 2018

 

Shaftesbury Avenue launches EIS Section 21 Fundraise

 

New British theatre and musical production company Shaftesbury Avenue Limited today launches a new Section 21 fundraising Information Memorandum under the Enterprise Investment Scheme (EIS) to raise an initial £3.8 million by offering up to 10,857,142 million shares at 35p each via a private placing.

 

Within the last few weeks, Shaftesbury Avenue has announced the appointment of legendary film producer Stephen Evans as Chairman and has also retained the services of Keswick Global AG to act as its Certified Adviser and assist in its application for admission to trading on NASDAQ First North, Copenhagen later this year.

 

Shaftesbury Avenue Limited is a new British company which will stage musicals on London's West End. It has already established a slate of musicals which are to be developed, including Lucky – a musical based on the storyline of Oliver Twist but set in apartheid-era South Africa with the infectious rhythms of Soweto – and Casanova, based on the life of the renowned libertine.

 

Nevern Johns, Managing Director of Shaftesbury Avenue Ltd, said: “We are today launching our EIS Fundraise in support of our first slate of musicals. Our Information Memorandum, which has been approved by our Corporate Advisers as a Section 21 document, provides a full account of our strategy and corporate plans. I look forward to the opportunity this will provide our highly experienced management team to set our first musicals into production.”

 

It is expected that Shaftesbury Avenue will apply for admission to NASDAQ First North by the end of 2018 and if successful dealing in Ordinary Shares will commence shortly thereafter.

 

Lawyers

Child&Child

Tel: +44 (0)20 7235 8000

 

Corporate Adviser

City One Securities

Tel: +44 (0)20 3434 0091

 

NASDAQ First North Certified Adviser

Keswick Global AG

Tel: +43 1 740 408 045

 

CityRoad Communications Ltd

Paul Quade

42-44 Carter Lane

London EC4V 5EA

 

Notes to Editors

About Shaftesbury Avenue Ltd:

Shaftesbury Avenue Limited is a new British musical production company which has been formed to capitalise on the enormous popularity of musicals amongst theatre-goers to today’s West End and regional playhouses. The Company's management team have worked on some of the most successful musicals of all time such as Phantom Of The Opera, Les Miserables, Blood Brothers and many more.

 

For further information please look at the website www.shaftesbury-avenue.com

or contact:

 

Media enquiries

Lisa Braund, Production Director, Shaftesbury Avenue Ltd.

Tel: +44 (0) 3300 972 993 or lisa@shaftesbury-avenue.com