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.
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City One Securities
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NASDAQ First North Certified Adviser
Keswick Global AG
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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
Lisa Braund, Production Director, Shaftesbury Avenue Ltd.
Tel: +44 (0) 3300 972 993 or firstname.lastname@example.org