Shellshock aims to invest in either one or more quoted or unquoted businesses. Its investment targets may have been set up by entrepreneurs who have good strategic plans and need financial backing to develop their business. Shellshock will focus its search for investment targets on the business and consumer services sectors.

Shellshock will bring to bear the considerable skills and experience of its Board in investing in and managing businesses and will seek a level of influence in its investee businesses commensurate with its investment. Shellshock’s activities will be located in the English-speaking world where the Directors have the appropriate expertise and experience to evaluate a potential target and conduct due diligence into the proposed acquisition. For further details of the expertise and experience of the Directors click here.

The Directors anticipate that they will identify an appropriate investment target within approximately the next twelve months but they are not subject to any time restrictions. No such investment has been identified yet.

The Company intends to invest its cash resources but may also issue further shares in Shellshock either in exchange for an ownership position in the investee business or to raise additional funds for an acquisition.

An acquisition by Shellshock may constitute a reverse takeover under the AIM Rules. This would require the approval of the shareholders of Shellshock. Shareholders should note that, owing to his controlling shareholding, Lord Ashcroft KCMG could determine the outcome of any such process.