Bradda Head Holdings Limited and Beaumont Cornish Limited
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02_261407 Bradda Head_pp01_pp17.qxp 08/07/2021 21:33 Page 1 THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the contents of this document or as to what action you should take, you should seek your own personal advice immediately from your stockbroker, bank manager, solicitor, accountant or other independent financial adviser who specialises in advising on the acquisition of shares and other securities and is authorised under FSMA if you are resident in the UK, or, if you are not resident in the UK, from another authorised independent adviser. This document does not comprise a prospectus within the meaning of section 85 of FSMA and does not constitute an offer of transferable securities to the public in the United Kingdom within the meaning of section 102B of FSMA, and has not been approved or examined by and will not be filed with the FCA or the London Stock Exchange, but comprises an admission document in relation to AIM. It has been drawn up in accordance with the AIM Rules for Companies and has been issued in connection with the proposed admission to trading on AIM of the Enlarged Share Capital. The Company and its Directors whose names appear on page 6 of this document, accept responsibility, collectively and individually, for the information contained in this document and for compliance with the AIM Rules for Companies. To the best of the knowledge and belief of the Company and the Directors, who have taken all reasonable care to ensure that such is the case, the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information. To the extent that information has been sourced from a third party, this information has been accurately reproduced and, as far as the Directors are aware and are able to ascertain from information published by the third party, no facts have been omitted which may render the reproduced information inaccurate or misleading. In connection with this document, no person is authorised to give any information or make any representation other than as set out in this document. Application will be made for Admission and it is expected that Admission will become effective and dealings in the Enlarged Share Capital will commence on AIM on 19 July 2021. AIM is a market designed primarily for emerging or smaller companies to which a higher investment risk tends to be attached than to larger or more established companies. AIM securities are not admitted to the Official List of the FCA. A prospective investor should be aware of the risks of investing in such companies and should make the decision to invest only after careful consideration and, if appropriate, consultation with an independent financial adviser. Each AIM company is required pursuant to the AIM Rules for Companies to have a nominated adviser. The nominated adviser is required to make a declaration to the London Stock Exchange on admission in the form set out in Schedule Two to the AIM Rules for Nominated Advisers. The London Stock Exchange has not itself examined or approved the contents of this document. BRADDA HEAD HOLDINGS LIMITED Incorporated and registered in the British Virgin Islands with registered number 1553975 PROPOSED PLACING OF 112,727,273 NEW SHARES AT 5.5 PENCE PER SHARE AND ADMISSION OF THE ENLARGED SHARE CAPITAL TO TRADING ON AIM Nominated Adviser Joint Brokers Beaumont Cornish Limited Peterhouse Capital Limited Shard Capital Partners LLP ! Authorised and regulated by the Financial Conduct Authority Authorised and regulated by the Financial Conduct Authority Beaumont Cornish is the Company’s nominated adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s nominated adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this document or the proposed admission of the Enlarged Share Capital to trading on AIM. Peterhouse Capital and Shard Capital are the Company’s Brokers and are authorised and regulated by the FCA. Peterhouse Capital and Shard Capital are acting for the Company and no one else in connection with the proposed arrangements described in the document. Peterhouse Capital and Shard Capital will not regard any other person as their customer nor be responsible to any other person for providing protections afforded to the customers of Peterhouse Capital and Shard Capital nor for providing advice to any other person in connection with the arrangements described in this document or the proposed admission of the Enlarged Share Capital to trading on AIM. No representation or warranty, express or implied, is made by Beaumont Cornish, Peterhouse Capital or Shard Capital as to the contents of this document and no liability is accepted by Beaumont Cornish, Peterhouse Capital or Shard Capital for the accuracy or opinions contained in, or for the omission of any material information from, this document, for which the Company and the Directors are solely responsible. The information contained in this document is not intended to inform or be relied upon by any subsequent purchasers of any Shares (whether on or off exchange) and accordingly no duty of care is accepted by Beaumont Cornish, Peterhouse Capital or Shard Capital in relation to them. No person has been authorised to give any information or make any representations other than those contained in this document and, if given or made, such information or representations must not be relied upon as having been so authorised. The delivery of this document will not, under any circumstances, be deemed to create any implication that there has been no change in the affairs of the Company since the date of this document or that the information in this document is correct at any time subsequent to its date. Nothing in this document shall be effective to limit or exclude any liability for fraud or which, by law or regulation, cannot otherwise be so limited or excluded. The Placing is conditional, inter alia, on Admission taking place by 8.00 a.m. on 31 July 2021 (or such later date as the Company, Beaumont Cornish, Peterhouse Capital and Shard Capital may agree, being not later than 31 August 2021). The Placing Shares will, 02_261407 Bradda Head_pp01_pp17.qxp 08/07/2021 21:33 Page 2 upon Admission, rank pari passu in all respects and will rank in full for all dividends and other distributions declared paid or made in respect of the Shares after Admission. It is emphasised that no application is being made for the Shares to be admitted to the Official List or to any other recognized investment exchange. No legal, business, tax or other advice is provided in this document. Prospective investors should consult their professional advisers as needed on the potential consequences of subscribing for, purchasing, holding or selling Shares under the laws of their country and/or state of citizenship, domicile or residence. OVERSEAS SHAREHOLDERS This document does not constitute an offer to sell, or a solicitation to buy, Shares in any jurisdiction in which such offer or solicitation is unlawful. In particular, this document is not, subject to certain exceptions, for distribution in or into the United States of America, Canada, Australia, the Republic of South Africa or Japan. The Shares have not been nor will be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), nor under the securities legislation of any state of the United States or any province or territory of Canada, Australia, the Republic of South Africa, Japan, or in any country, territory or possession where to do so may contravene local securities laws or regulations. Accordingly, the Shares may not, subject to certain exceptions, be offered or sold directly or indirectly in or into the United States of America, Canada, Australia, the Republic of South Africa, Japan or to any national, citizen or resident of the United States of America, Canada, Australia, the Republic of South Africa or Japan. The distribution of this document in certain jurisdictions may be restricted by law. No action has been taken by the Company or by Beaumont Cornish or Shard Capital that would permit a public offer of Shares or possession or distribution of this document where action for that purpose is required. Persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Holding Shares may have implications for overseas shareholders under the laws of the relevant overseas jurisdictions. Overseas shareholders should inform themselves about, and observe, any applicable legal requirements. It is the responsibility of each overseas shareholder to satisfy himself as to the full observance of the laws of the relevant jurisdiction in connection therewith, including the obtaining of any governmental, exchange control or other consents which may be required, or the compliance with other necessary formalities which are required to be observed and the payment of any issue, transfer or other taxes due in such jurisdiction. SHAREHOLDERS IN THE UNITED STATES The Shares have not been, nor will they be, registered under the US Securities Act and may not be offered, sold or delivered in, into or from the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act.