Building an innovative financial media and technology group
The rise of retail investing and the proliferation of social media have created a significant opportunity to provide innovative services to investors and companies alike. Lift Global Ventures was formed to invest in financial media and technologies, leveraging the experience of our Board and CEO Zak Mir.
We aim to identify acquisition or investment opportunities in these areas while advising and adding value to investee companies on an ongoing basis.
Lift Global Ventures is listed on the Aquis Exchange Growth Market under the symbol LFT.
The Company’s initial investment strategy is to seek to operate as an enterprise company seeking acquisition or investment opportunities within both: (a) the ﬁnancial media and related technology industries (the Media Sector); and (b) the energy sector (the Energy Sector).
Within the Media Sector, the Company will focus on the following areas for opportunities:
Within the Energy Sector, the Company will focus on the following areas for opportunities:
The Directors will seek opportunities in both private and public companies via directly held equity holdings. However, where they consider it advantageous towards fulﬁlling the Company’s vision, they do not rule out investing in other forms of securities, including bonds
In respect of opportunities in the Media Sector, the Directors will be principally focused on making investments in UK businesses as well as international businesses seeking to enter the UK market and/or seeking a UK stock exchange listing. However, the Directors do not rule out making investments in businesses with no immediate or obvious connection to the UK if this presents, in their judgment, a compelling opportunity for Shareholders.
In respect of the Energy Sector, the Board intends to focus predominantly on opportunities arising in Africa. Subject to the local jurisdiction having, to the reasonable satisfaction of the Board, an appropriate legal and regulatory environment making the investment or acquisition target suitable.
All investment and acquisition opportunities will also be assessed for suitability against qualities such as:
Comprehensive due diligence will be conducted by the Company before making any acquisition or investments. The Company will ensure that any business in which it invests, acquires or organically grows, complies with applicable local laws and regulations. The Directors believe that their experience and extensive network of contacts will assist them in identifying, evaluating and funding suitable opportunities for investment, acquisition and for organic growth. External advisers will be engaged, as necessary, to assist with sourcing and due diligence of prospective opportunities. The Directors will also consider appointing additional directors with relevant experience to strengthen the Board.
Funds initially available to the Company will be used to meet general working capital requirements, to undertake due diligence on potential acquisition targets and to make investments in accordance with the investment guidelines described above.
The Investment Strategy is not ﬁxed or binding on the Board, and will be subject to ongoing review and adjustment in the interest of Shareholders as a whole. The Board will review the strategy on, at least, an annual basis and, subject to such review and in the absence of any unforeseen circumstances, the Directors intend to adhere to the Investment Strategy. Changes to the Investment Strategy may be prompted by changes in government policies or economic conditions which alter or introduce additional investment opportunities. In the event of any change or amendment of the investment policy and strategy of the Company, this will be reported by the Directors by an announcement released through an RIS service.
The Directors intend to invest the Company’s cash resources, as far as practicable, in accordance with the Investment Strategy, however, market and other investment considerations may necessitate that cash resources of the Company are not fully invested for some time. The Directors may raise more equity funds as and when that is necessary to execute the Investment Strategy.
If the Company undertakes a Reverse Takeover (which would require Shareholder approval), the Ordinary Shares will be suspended until:
The Board will be responsible for the identiﬁcation of investment and acquisition opportunities. The Company will also look to work with in-country experts and local partners where required, to assist in investment opportunity identiﬁcation.
As part of the analysis of prospective investment and acquisition opportunities, appropriate legal and ﬁnancial due diligence shall be commissioned and managed where applicable by the Board.
It will be the responsibility of the Board to instruct and manage appropriately qualiﬁed advisers so as to ascertain the legal and financial position of any opportunities.
Any investment or acquisition undertaken must ﬁrst be approved by the Board. Any comments made by the Company’s AQSE Corporate Adviser, who shall review the potential investment or acquisition solely in light of any AQSE Rules implications, must also be addressed.
We are focusing initially on opportunities within financial news and other forms of new media, where there is a growing ecosystem of investor-focused websites devoted to financial data, share tips and market commentary.
However, more choice does not necessarily lead to better investor outcomes or experiences in this fragmented market. Leveraging the core expertise of our founder CEO Zak Mir, we believe there is an opportunity to buy and build an innovative financial media group which is greater than the sum of its parts.
Roy Kelly has over 35 years of technical, commercial and managerial experience in the international energy industry and was previously Partner, Head of Technical, at Kerogen Capital (UK) Limited (“Kerogen”), a specialist oil, gas and renewable energy private equity fund with over US$2 billion in assets under management across several funds. Prior to Kerogen, Mr Kelly trained as a petroleum engineer with BP and a number of independent energy companies. He also spent 14 years in consulting and advisory roles to the energy industry, finally as Managing Director of Consulting at RPS Energy Ltd, which included reserves and resource auditing and reporting, and technical and advisory roles throughout the world, including West Africa. Mr Kelly is a Chartered Petroleum Engineer, a European Engineer, a Fellow of the Energy Institute and a Member of the Society of Petroleum Engineers. He holds a BSc (Honours) in Mathematics from the University of Wales and a MBA from the University of Durham. Mr. Kelly is a Non-Executive Director of Trans-Africa Energy Ltd. (a private company), is Chief Executive of Victoria Oil & Gas plc (a private company), and was a Non-Executive Director of Hurricane Energy plc (also an AIM listed company).
Zak’s career started in the City of London in the 1990s as a derivatives broker and markets strategist for the likes of Sucden and Union Cal, later part of Man Group. From the 2000s he entered financial journalism writing for Yahoo! Finance, The Investors Chronicle, Shares Magazine and Spectator Money. Zak is a well-known technical analyst and stock market commentator in the UK. He has published several books on his specialism, including a former number 1 on the Amazon UK Investing Bestsellers list. Zak has also amassed a Twitter following of over 22,000 people, who come to Zak for interviews and analysis of small cap companies.
Sandy Barblett has over 20 years’ experience working with private and public listed international companies. He sits as a director and advises companies, both private and listed, in relation to raising private equity and general fundraising, admission onto public markets, strategy and management selection. Mr Barblett works predominately in the natural resources sector. Additionally, he has previously held senior leadership roles with former FTSE 250 company Pace Plc. Mr Barblett was a director of AIM listed Solo Oil and Gas up to 2016. Mr. Barblett has a bachelor of business from Curtin University of Technology in Perth, Australia and a bachelor of laws from the University of Queensland.