Board Appointment, Investment and Issue of Equity

21 March 2018

 

First Sentinel plc

(“First Sentinel” or the “Company”)

Appointment of Director
Investment of Capital
Issue of shares

 

Appointment of Director

First Sentinel Plc (“First Sentinel” or the “Company”) (NEX: FSEN), is pleased to announce that Colin Maltby has been appointed to the board of First Sentinel as an Executive Director.

Colin is a qualified banker and solicitor with over 20 years’ experience of corporate finance and commercial work. He qualified as a solicitor with Theodore Goddard (now Addleshaw Goddard) and went on to become a partner with Blake Lapthorn LLP (now Blake Morgan). Colin has worked in-house with Coutts & Co and UBS AG, as well as in businesses ranging from theatre production to software companies, giving him first-hand experience of life in business. He currently runs First Sentinel Law offering corporate and commercial advice to a broad range of clients.

Brian Stockbridge, CEO of First Sentinel stated “Colin runs the operations at First Sentinel Law.  His skills, experience and client contacts are a valuable contribution to the Board and operations of the Company”

Investment of Capital – Union Jack Oil Plc (AIM: UJO)

Union Jack Oil plc is an AIM-traded onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.  The company currently has interests in six licences in the East Midlands Basin and one licence in the Weald Basin.

On 5 March 2018, Union Jack Oil Plc announced a placing and subscription to raise £1.25m at a price of 0.085p per share.  First Sentinel plc subscribed £43,500 for 51,176,470 shares.

Issue of Shares

In addition and further to the announcement on 20 March 2018, the Company has issued a further 345,722 new shares at a price of 13p per share to raise £44,944 for working capital purposes.

Following the Share Issue, the Company has 14,696,770 Ordinary Shares in issue, each share carrying the right to one vote.  The Ordinary Shares to be issued pursuant to the Share Issue will rank pari passu with existing Ordinary Shares.

The above figure of 14,696,770 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.

Additional Information

Mr. Colin Neil Maltby (aged 52) has the following directorships and any partnerships currently and within the five years prior to his appointment:

Current

On Demand Lawyers SA
Marwal Holdings Ltd
Waring Trustees Ltd

Former (within the last 5 years)
On Demand Lawyers Limited
First Sentinel Law Limited
Contemporary Communications Corporation Ltd
Ensygnia Ltd

Save as disclosed above, there is no additional information relating to Mr. Colin Neil Maltby to be disclosed pursuant to paragraph 21 of Appendix 1 of the ISDX Growth Market – Rules for Issuers.

 

About First Sentinel

First Sentinel is an alternative investment company focused on providing growth capital for public and private company investments. First Sentinel invests in a range of debt and equity instruments in target portfolio companies. Please visit the Company’s website at www.first-sentinel.com

The Company is registered with the FCA as a small authorised UK AIFM.

For further corporate information, please contact:

Mr. Brian Stockbridge
Chief Executive Officer
First Sentinel Plc
Tel: + 44 (0) 7876 888 011
Email: brian@first-sentinel.com

For investor and shareholder inquiries, please contact:

Mr. Kris Kottmeier
VP Corporate Development
UK/Euro Tel: +44 (0) 20 3637 6522
North America Tel: +1 (604) 506-2502
Email: Kris@first-sentinel.com

NEX Corporate Advisor
Beaumont Cornish Limited
James Biddle / Roland Cornish
Tel: +44 (0)20 7628 3396