Singer E20 - Manual
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1
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the
action you should take, you are recommended to seek your own financial advice immediately from an
independent financial adviser who is authorised under the Financial Services and Markets Act 2000 (as
amended) (
"
FSMA
"
) if you are in the United Kingdom, or from another appropriately authorised independent
financial adviser if you are in a territory outside the United Kingdom.
This document, which comprises a prospectus relating to Achilles Investment Company Limited (the "
Company
"), has
been approved by the Financial Conduct Authority (the "
FCA
") under the UK version of Regulation (EU) 2017/1129 of
the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are
offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC, which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018, as amended by The Prospectus (Amendment, etc) (EU
Exit) Regulations 2019 (the "
Prospectus Regulation
") and has been delivered to the FCA in accordance with Rule
3.2 of the Prospectus Regulation Rules. This document has been made available to the public as required by the
Prospectus Regulation Rules.
This document has been approved by the FCA of 12 Endeavour Square, London E20 1JN, as the competent authority
under
the
Prospectus
Regulation.
Contact
information
relating
to
the
FCA
can
be
found
at
http://www.fca.org.uk/contact.
The FCA only approves this document as meeting the standards of completeness, comprehensibility and consistency
imposed by the Prospectus Regulation. Such approval should not be considered as an endorsement of the Company
or the quality of the securities that are the subject of this document. Investors should make their own assessment as
to the suitability of investing in the securities.
Application has been made for the Ordinary Shares (issued and to be issued) to be admitted to the Specialist
Fund Segment, which is intended for institutional, professional, professionally advised and knowledgeable
investors who understand, or who have been advised of, the potential risk from investing in companies
admitted to the Specialist Fund Segment. The Specialist Fund Segment is only suitable for investors: (i) who
understand the potential risk of capital loss and that there may be limited liquidity in the underlying
investments of the Company; (ii) for whom an investment in securities admitted to trading on the Specialist
Fund Segment is part of a diversified investment programme; and (iii) who fully understand and are willing to
assume the risks involved in such an investment portfolio. It should be remembered that the price of the
Ordinary Shares can go down as well as up.
Application has been made to the London Stock Exchange for all of the Ordinary Shares (issued and to be issued) in
connection with the Initial Placing to be admitted to trading on the Specialist Fund Segment. Applications will be made
for all of the Ordinary Shares issued pursuant to each Subsequent Placing under the Placing Programme to be admitted
to trading on the Specialist Fund Segment. It is expected that Initial Admission will become effective and that
unconditional dealings will commence in the Ordinary Shares at 8.00 a.m. on 25 February 2025. It is expected that
Admission pursuant to Subsequent Placings under the Placing Programme will become effective and dealings will
commence between 26 February 2025 and 19 February 2026. No application has been made or is currently intended
to be made for the Ordinary Shares to be admitted to listing or trading on any other stock exchange.
ACHILLES INVESTMENT COMPANY LIMITED
(a non-cellular company limited by shares incorporated under the laws of Guernsey with registered number 75109 and registered
with the Guernsey Financial Services Commission as a registered closed-ended collective investment scheme)
Initial Placing of 54 million Ordinary Shares at 100 pence per Ordinary Share
Placing Programme for up to 150 million Ordinary Shares
Admission to trading on the Specialist Fund Segment of the Main Market
Investment Manager
HARWOOD CAPITAL MANAGEMENT
(GIBRALTAR) LIMITED
Financial Adviser and Sole Bookrunner
SINGER CAPITAL MARKETS SECURITIES
LIMITED
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