Fandango Holdings

Fandango Holdings Statement re First Day of Dealing

Fandango Holdings plc, is pleased to announce the successful placing of 84,000,000 new ordinary shares of £0.001 each in the Company (the ‘Placing’) and the admission of its entire share capital, being 134,002,000 ordinary shares of £0.001 each (‘Ordinary Shares’), to the Official List of the UKLA by way of a standard listing under Chapter 14 of the UKLA’s Listing Rules and to trading on the London Stock Exchange’s main market for listed securities (the ‘Admission’). The Company has raised gross proceeds of £840,000 under a Placing, which will be used to facilitate its acquisition strategy including due diligence, sourcing, reviewing and pursuing acquisitions, as well as on-going costs. Alfred Henry Corporate Finance Limited (‘Alfred Henry’) is financial adviser to the Company.

The Company has been formed to undertake an acquisition of a UK company or business with expected target value of between £1m and £20m. Fandango will seek primarily to invest in businesses in the industrial, including the energy sector, and service sectors and would consider, inter alia, horizontal and vertically integrated business related thereto which may be classified as general industrial or service industries. For example, the Company may seek to acquire businesses such as suppliers to energy companies, alternative energies, green energies, waste to energy and other emerging and advanced technologies in connection therewith. There are many opportunities to acquire businesses in the industrial and service sectors. All sub-sectors of those classifications will be considered. Following completion of an acquisition, the objective of the Company will be to operate the acquired business and implement an operating strategy with a view to generating value for its shareholders through operational improvements as well as potentially through additional complementary acquisitions. Furthermore, the Company may seek to build a conglomerate that is made up of a number of different, seemingly unrelated, businesses, whereby it would own a controlling stake in a number of companies, which conduct business separately but taken together would provide financial and operational leverage.

The leadership team, headed by Timothy Cottier (aged 62), Chief Executive Officer an FCA Chartered Accountant who has spent many years in the corporate finance, real estate and green energy sectors, is equipped with the experience and knowledge to effectively and sustainably scale companies, both operationally and in valuation. He is joined by Chairman Charles Tatnall (aged 53), who has sourced, initiated, managed and floated a number of listed companies both on the London Stock Exchange and other international markets including the TSX and NASDAQ.

Admission became effective at 8:00am today and dealings in the Ordinary Shares on the London Stock Exchange’s main market for listed securities have commenced under the ticker symbol ‘FHP’.

Copies of the Prospectus published by the Company relating to the Admission are available on the Company’s website at www.fandangoholdingsplc.com. Hard copies will also be available at the registered office of the Company, 27-28 Eastcastle Street, London, W1W 8DH and at the FCA’s Document Storage Mechanism at www.morningstar.co.uk/uk/NSM.

Fandango CEO Tim Cottier said, “There are multiple businesses that would benefit from additional finance, an LSE listing and our team’s collective experience. We have a huge amount of experience in identifying, structuring and advising growth businesses and believe that we can rapidly find the right match where we can assist in executing operational improvements and build value for all stakeholders. With this in mind, we are pleased to be listing on the LSE and will look to provide the market with updates in due course.”

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