TIDMVOY
RNS Number : 5480D
Voyager Life PLC
30 June 2021
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This announcement is not a prospectus or admission document and
not an offer of shares for sale in any jurisdiction, including in
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States.
Voyager Life plc
("Voyager" or "the Company")
Admission to Trading and First Day of Dealings
CBD health and wellness company makes debut on AQSE Growth
Market
Voyager Life plc (AQSE:VOY), the health and wellness company
established to supply high-quality Cannabidiol (CBD) and hemp seed
oil products, is pleased to announce that trading in its ordinary
shares commenced on the Aquis Stock Exchange Growth Market (AQSE)
at 08:00 today (Wednesday 30 June 2021) under the ticker "VOY" and
ISIN number GB00BLD3FF28.
The Company has been admitted to the Access Segment of the AQSE
Growth Market ("Admission") following a successful placing and
subscription of 689,656 new ordinary shares of 1p each at 58 pence
per share, raising gross proceeds of GBP400,000.
The directors of Voyager believe that Admission to AQSE will
enhance the Company's profile and status, provide liquidity for
shareholders, as well as providing a platform for raising
additional funds to support its expansion plans.
Company information
On Admission, Voyager's enlarged share capital comprises
9,252,920 Ordinary Shares. The market capitalisation of the Company
immediately following Admission, at the issue price of 58 pence per
new ordinary share, is approximately GBP5.4 million.
The Company was incorporated in November 2020 and offers a range
of health and wellness products containing CBD and hemp seed oil.
Products include oils, "gummies" (chewable sweets), bath and
skincare products and hemp-based products for pets, which are
available online through the Company's website www.voyagercbd.com
and through more than 20 third-party websites, including popular
online platforms Amazon, eBay and Etsy. The Company has opened more
than 30 new trading accounts with independent retail stores and
chains in the last month and expects to open its first retail
premises in St Andrews, on Scotland's east coast, during July
2021.
The Board believes that a significant opportunity exists in the
CBD sector as a result of the expected growth of the market, as CBD
becomes more mainstream, coupled with the changing regulatory
environment for CBD products in the UK.
Nick Tulloch, CEO of Voyager, said:
"Our plan from day one was to list Voyager at the appropriate
time, to both improve our trading liquidity for all our
shareholders and to enhance the Company's corporate standing as a
new entity seeking partnerships with established retailers.
"I am therefore very pleased to have reached this milestone just
eight months after our first fundraising round in November 2020. We
have raised a total of GBP2.5 million to date and our cash balance
will exceed GBP2 million, net of IPO expenses. We therefore begin
July 2021 with a very healthy balance sheet, new products
developed, manufactured and paid for, our first year's rent on our
St Andrews store already settled. Above all, we have achieved our
objective of providing liquidity for our shareholders on schedule.
It is a testament to the business plan that we have set out that,
in spite of softening market conditions for IPOs and numerous other
companies in our sector seeking funds, we have concluded our IPO on
schedule and at our target valuation.
"Voyager is already generating revenue from a low-cost base and
we believe we are in a very strong long-term position to develop
the business and grow our customer base. I'd like to thank our
shareholders and customers for their continuing support. We are
very excited by our pace of commercial progress and will keep our
new and existing shareholders fully appraised of each milestone we
pass in the coming weeks and months."
The Company's Admission Document is available to view here:
https://voyagerlife.uk/wp-content/uploads/2021/06/Voyager-Admission-Document-Final-28-June-2021.pdf
The Directors of the Company accept responsibility for the
contents of this announcement.
-ENDS-
Enquiries:
Voyager Life plc
Nick Tulloch 01738 505 130 / nick@voyagerlife.uk
Charlotte Street Partners (Financial
Communications)
David Gaffney +44 (0) 7854 609 998 / david.gaffney@charlottestpartners.co.uk
Tom Gillingham +44 (0) 7741 659 021 / tom.gillingham@charlottestpartners.co.uk
Andrew Wilson +44 (0)7810 636 995 / andrew@charlottestpartners.co.uk
Cairn Financial Advisers LLP (AQSE
Corporate Adviser)
Liam Murray or Ludovico Lazzaretti +44 (0) 20 72130 880
Bixteth Partners Limited (Broker)
Guy Briselden +44 (0) +44 (0) 7768 814222 / guy@bixtethpartners.com
Website and social media links:
Corporate website https://voyagerlife.uk https://twitter.com/voyagercbd
Consumer website https://voyagercbd.com/ https://www.linkedin.com/company/voyager-cbd/
https://www.instagram.com/voyagercbd/ https://www.facebook.com/VoyagerCBD/
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END
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(END) Dow Jones Newswires
June 30, 2021 03:00 ET (07:00 GMT)
Grafico Azioni Voyager Life (AQSE:VOY)
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